Tax Updates

Bill C-208 has received Royal Assent and is now law, but legislative amendments are expected to support only bona fide business transitions.

Building off OECD’s Pillars One and Two, the G7 leaders agreed to global tax reform measures targeting large international companies.

Do you need to speak to CRA on behalf of corporation? CRA appears to be implementing a new requirement for level 3 authorization.

Earnouts can bridge a valuation gap between vendor and purchaser, but the tax consequences can vary depending on the vendor’s residence.

Beginning in 2021, foreign affiliates will face substantial additional reporting requirements with the long-overdue revisions to form T1134.

The pandemic continues and CRA has refused to provide an extension to the April 30 deadline. What should you do if you cannot file on time?

Understand the implications on middle-market businesses from the Canada Federal Budget released on April 19, 2021.

Faster than expected economic recovery, new tax revenue streams and deficit spending are all central themes in the federal government’s first official budget for more than two years.

A review of the GST/HST and QST compliance issues related to commercial and mixed-use properties with a residential component.

The Supreme Court of Canada has issued its decision, upholding the Federal Greenhouse Gas Pollution Pricing Act as constitutional.

The Budget implements several tax measures to stimulate the economy and to support businesses and individuals hardest hit by COVID-19.

Learn how to view the value of your business through the eyes of a buyer and what you can do today to plan for a successful transaction.

Nonresidents of Canada could face significant Canadian sales tax compliance obligations effective July 1, 2021.

Stay up-to-date with recent Court decisions on tax matters. Read about transfer pricing (Cameco) and FX trading losses (Paletta Estate).

February 22 marked the official launch of the 2021 tax season and new measures are already in place in light of an unprecedented 2020.

Audits are increasing of GST/HST/QST compliance in the construction and rental and mixed-use properties – are you ready?

CEBA loan recipients could potentially defer the income inclusion until the next taxation year by making a subsection 12(2.2) election.

With many employees working remotely, your company’s payroll compliance for foreign employees is more complicated.

For middle market businesses, tax considerations can weigh heavily on how a deal is structured and the future viability of the transaction.

If an individual is a business owner or employed by a company, should the self-employed business losses reduce income when calculating IRB?