Tax Alerts

Tax consequences of demolition costs in the real estate sector

Tax treatment of demolition costs is fact-sensitive and requires an in-depth analysis of the taxpayer’s intent and business considerations.

Tax Court applies sham doctrine to disallow partnership losses

Will the CRA increase its use of the sham doctrine as a basis to reassess taxpayers? Read here for further details.

2019 Post-election review of potential tax changes

This article highlights proposed tax measures presented by the Liberal Party of Canada in their 2019 election platform.

TCC confirms shareholder benefit not taxable if value is uncertain

The Tax Court held that a shareholder didn’t receive taxable benefits when her corporation completed leasehold improvements to her property.

2019 Alberta Budget commentary

The 2019 Alberta Budget proposes measures to cut corporate tax rates, remove certain tax credit programs and adopt a broad-based approach.

Does the TOSI reasonable return exclusion apply to family trusts?

Our tax group examines the conditions when the reasonable return exclusion applies to taxpayers receiving dividends from a family business.

Quebec government adds to its arsenal against aggressive tax planning

Quebec government fights abusive tax avoidance by proposing rules that may impact taxpayers with GAAR-based penalties.

Demystifying the new Voluntary Disclosures Program

What are the material changes in CRA’s Voluntary Disclosures Program and how do the changes affect taxpayers?