Une vérification pour la forme n’empêche pas que la responsabilité d’un administrateur externe soit engagéeUn jugement de la Cour canadienne de l’impôt a précisé les devoirs d’un administrateur externe qui veut recourir à une défense fondée sur la diligence raisonnable pour éviter la cotisation découlant de la responsabilité des administrateurs aux termes de la... |
Publication de propositions législatives relatives aux textes fiscaux au CanadaLe 9 août 2022, le ministère des Finances a publié des propositions législatives relatives à la Loi de l’impôt sur le revenu (la « Loi ») et à d’autres textes fiscaux à des fins de rétroaction publique (les « propositions du mois d’août »).... |
( Disponible en anglais seulement ) Post-COVID emigration: Don’t forget the tax!As COVID-19 travel restrictions are lifted, individuals who are usually resident in another country but sheltered in place in Canada during the pandemic may decide to return to their countries of residence. Those individuals who are planning to leave Canada... |
( Disponible en anglais seulement ) Budget 2022: Substantive CCPCs and share transactions involving a non resident or public companyThe 2022 Federal Budget was tabled in the House of Commons on April 7, 2022 (« Budget Day« ) by the Honourable Chrystia Freeland, Canada’s Deputy Prime Minister and Minister of Finance. A summary of the personal income tax measures, business income... |
( Disponible en anglais seulement ) Alberta court confirms competent Testator’s right to privacyIn the recent Alberta decision of Duhn Estate, 2021 ABQB 35, the Court of Queen’s Bench has confirmed that, absent a sufficient evidentiary basis, the Court will not displace a testator’s right to keep her pre-death financial life private and... |
( Disponible en anglais seulement ) Using anticipated losses within ownership structuresAs much of Canada begins to loosen social restrictions surrounding Covid-19, many owners will be taking stock of the economic impact of the pandemic on their businesses. While the full economic picture is not yet known, many business are expected... |
( Disponible en anglais seulement ) Third party tax assessments and deathFor purposes of the Income Tax Act (the “Act”) are we still related to someone after their death? In certain circumstances, the answer to this question will determine whether a taxpayer is jointly and severally liable for the unpaid tax... |
( Disponible en anglais seulement ) How Long is « awhile »?: Kirst Estate (Re) and Holographic WillsA recent decision of the Court of Queen’s Bench of Alberta, Kirst Estate (Re), provides a useful reminder of some of the issues that may arise through the use of holographic wills. William Kirst (the “Testator”) of Calgary, Alberta died... |
( Disponible en anglais seulement ) Many Canadians Collect Loyalty Points, but What Happens to Those Loyalty Points After We Pass Away?In most cases, loyalty points will not be subject to the deemed disposition on death found in subsection 70(5) of the Income Tax Act (Canada) because they are unlikely to be capital property. There is no “enduring benefit” gained from... |
( Disponible en anglais seulement ) House “Giveaway” Could Turn Principal Residence Gain Into Taxable Business IncomeIn a recent news story out of Millarville, Alberta, a woman who has been unable to sell her home has instead decided to give it away in a letter writing contest. The woman is required to downsize because she can... |
( Disponible en anglais seulement ) (Re:) Toigo Estate and the Power of EncroachmentWhen implementing an estate plan that involves a life interest, such as a spousal trust, it is typical to grant the Trustee a power to encroach on the capital of the trust for the benefit of the life interest beneficiary.... |
