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Budget 2024: Increases in the Taxation of Capital Gains

Apr 19, 2024

Budget 2024 proposes to significantly change how capital gains are taxed under the Income Tax Act (Canada).

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Budget 2024: Expanded Relief for Non-Resident Service Providers

Apr 19, 2024

Budget 2024 will expand the circumstances under which relief may be granted from withholdings on payments made to non-residents that render services in Canada.

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Budget 2024: Government Audit Powers to be Significantly Enhanced

Apr 19, 2024

The Government has proposed to significantly expand the audit powers of the CRA and heighten the consequences of not complying with requests made by the CRA.

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Budget 2024: New Measures Addressing Bonus Tax Depreciation and Crypto-Assets

Apr 19, 2024

Budget 2024 announced new measures to accelerate tax depreciation as well as certain measures applicable to crypto-asset investments.

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Consumer-Driven Banking is (almost) Here! Highlights from Budget 2024

Apr 17, 2024

On April 16, the Government of Canada released its 2024 budget which includes the promise of new legislation this spring to implement open banking in Canada.

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Warning For Businesses: Companies Can be Liable for Tort of Bribery Even if They Did Not Intend to Pay or Receive a Bribe

Apr 12, 2024

Businesses with a duty to provide impartial advice must take steps to ensure the payments they make or receive are not later interpreted as bribes.

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Administrative Monetary Penalties: Regulators “AMP-ing” up the Pressure on Businesses

Mar 19, 2024

Administrative Monetary Penalties are increasingly used to sanction regulatory non-compliance in Canada. What are they and what should you do if faced with one?

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Two-Year Anniversary of Russia’s Illegal Invasion of Ukraine: New Sanctions Designations and Expansion of Export Prohibitions

Feb 28, 2024

To coincide with the two-year anniversary of Russia's invasion of Ukraine, Canada announced new sanctions and financial reporting obligations.

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OSFI Unveils New Supervisory Framework (Effective April 2024)

Feb 14, 2024

OSFI announced the release of its new Supervisory Framework for FRFIs and private pension plans, touted to be the most significant change in 25 years.