Tax Alerts

2020-2021 Provincial & territorial budgets commentary

A summary of key business and personal tax amendments proposed by the provincial and territorial budgets released this fiscal year.

Restrictive covenant and the share sale veto right

The Canada Federal Court of Appeals decision in Pangaea raises new considerations on the definition of restrictive covenants.

FCA confirms that a space trip is taxable to company shareholders

Find out how shareholder benefits could arise and the potential income tax implications as a result of the In Laliberté vs Canada decision.

Tax updates in Canada in response to COVID-19

Our tax alert summarizes the latest tax measures by federal and certain provincial government authorities amid the coronavirus pandemic.

Ways to optimize estate planning in the wake of COVID-19

A Capital Dividend Account allows a shareholder to access corporate surplus tax-free, but timing is critical.

GST/HST and QST filing obligations for financial institutions

FIs who fail to file returns on time could face significant financial penalties, making it imperative to determine their filing obligations.

GST/HST under Canada Emergency Commercial Rent Assistance Program

Our authors summarize the GST/HST implications of forgivable loan payments and rent reduction offered by commercial landlords under CECRA.

Should you resort to mutual agreement procedure?

Canada implemented the mutual agreement procedure as an effective tool for resolving economic double taxation issues.