New Bare Trust T3 Filing Obligations

Introduction Under new Canadian legislation, bare trust arrangements are now subject to the filing requirements of a T3 Trust Income Tax and Information Return, where they previously were not required to. This new legislation applies to trusts with…

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ChatGPT and the World of Law

One wonders if there is ever a moment when the internet is devoid, in one form or another, of hype and hysteria over a new video, song, software, thought, controversy or challenge (N.B. think bitcoin, the Kardashians, NFTs,…

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BC Ends Rental and Age Restrictions for Strata Properties (Updated)

Amendments to the Strata Property Act will end all strata rental-restriction bylaws, limit age-restriction bylaws, and add Provincial and City tax costs to strata owners.

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New Trust Reporting Rules Delayed

Trust reporting rules apply only to taxation years that end after December 30, 2023

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Partnerships Involving First Nations – PST Issues

General Partnerships and Limited Liability Partnerships (“LLPs”) General partnerships and LLPs with a First Nations partner(s) who is / are eligible to make exempt purchases on First Nations land, are entitled to an exemption for their purchases on…

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Bill 96 and The Use of Non-French Trademarks in Quebec

On June 1, 2022, Bill 96 An Act respecting French, the official common language of Quebec (the “Act”) came into force in Quebec. The Act brings modifications to the Charter of French Language (the “Charter”), which will impact…

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The Taxation of NFTs in Canada

With the increasing interest in buying and selling Non-Fungible Tokens (“NFTs”), one important question arises: Do you have to pay taxes on NFTs? Canadian law is pretty clear here. Read on to learn more about if and how…

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NFTs and the Law

When we assist clients in estate planning (e.g., often including the preparation of a last will and testament, a representation agreement, an inter vivos trust, and an enduring power of attorney), many questions arise and many issues need…

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Commonly Used Non-Fungible Token (“NFT”) Terms

A glosary of commonly Used Non-Fungible Token (“NFT”) Terms

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Canada – Budget 2022 Implementation

Bill-19 includes an outright ban on foreign investment in Canadian housing for the next two years, as well as the luxury tax on the sale of new luxury cars and aircraft. It also allows the government to seize…

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