The Federal Government’s Fall Economic Statement 2023 – A welcome change for employee ownership trusts
Employee ownership trusts Employee ownership trusts (“EOTs”) were introduced in the Government of Canada’s (the “Federal Government”) Budget 2023.[1] Generally speaking, an EOT is a Canadian resident trust holding shares of a “qualifying business,”[2] which is exclusively for the benefit […]
Charitable donations by an estate and “substituted property”
In a previous article,[1] we discussed amendments to the Income Tax Act (Canada) (the “Act”), enacted in 2015, that significantly changed the rules for testamentary charitable gifts made in 2016 and future tax years. One of the requirements introduced as […]
Minimizing tax losses: The Solana hack
Throughout the year, many blockchains have been attacked by hackers. These loss events are indicators of the significant losses the cryptocurrency market has experienced. For investors who have suffered, an important consideration is how to utilize these losses. Accordingly, this […]
Minimizing tax losses: The TerraUSD and LUNA collapse
Throughout the year, many cryptocurrencies have collapsed. These loss events are indicators of the significant losses the cryptocurrency market has experienced this year. For investors who have suffered losses, an important consideration is how to capitalize on these losses. Accordingly, […]
The Celsius bankruptcy and application of the bad debt rules
Many cryptocurrency lenders have declared bankruptcy. These loss events are indicators of the significant losses the cryptocurrency market has experienced this year. For investors who have suffered, an important consideration is how to capitalize on these losses. Accordingly, this article […]
