Oral Agreements Worth More Than the Paper They’re Written On
Oct 4, 2021The Federal Court recently ruled that taxpayers may be required to disclose descriptions of records that should have been kept, including oral contracts.
Supreme Court of Canada Confirms: CCAA Super-Priority Charges Rank Ahead of CRA’s Deemed Trusts
Sep 17, 2021Canada v. Canada North Group Inc. provided much needed clarity regarding the order of priority for unremitted source deductions in restructuring proceedings.
Clipping Wings and Stalling Engines: The proposed Canadian federal luxury tax raises issues for vendors, manufacturers, service providers and consumers
Aug 24, 2021Proposed Canadian federal luxury tax raises issues for the aviation, automotive and boat industries
Reverse Vesting Orders – A Powerful Tool for Maximizing Recovery in Complex Insolvencies
May 19, 2021How reverse vesting orders (RVOs) offer another tool for realizing value for stakeholders in Companies' Creditors Arrangement Act (CCAA) proceedings.
Budget 2021: Proposed Excise Taxes and Duties Amendments, and Imposition of New Luxury Sales Tax
Apr 30, 2021Budget 2021 proposes to update Canada's current excise tax and duties regime through changes to both the Excise Tax Act and Excise Act, 2001.
Budget 2021: Government Targets Strategies to Avoid Tax Debts
Apr 23, 2021Budget 2021 proposes new legislation to target strategies to avoid tax liabilities that would otherwise arise under section 160 of the Income Tax Act.
Budget 2021: Immediate Expensing for CCPCs, Accelerated CCA for Clean Energy Equipment, and Rate Reductions for Zero-Emission Technology Manufacturers
Apr 23, 2021The Federal government announced a number of tax proposals in Budget 2021 attempting to encourage targeted business investment in the "green economy".
Budget 2021: Proposed Limitations on “Excessive” Interest Deductions
Apr 23, 2021Budget 2021 proposes significant new limitations on business interest deductibility commencing January 1, 2023.
Budget 2021: Government Targets Hybrid Mismatch Arrangements
Apr 23, 2021Budget 2021 proposes new legislation to target hybrid mismatch arrangements
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