Employee Ownership Trusts – Canada
Budget 2022 proposes to create the Employee Ownership Trust: a new, dedicated type of trust under the Income Tax Act (Canada), to support employee business ownership in Canada.
CANADA: Twenty percent Purchase Tax on Luxury Goods
The Canadian federal government has released draft legislation for a new tax on the sale of new luxury cars and aircraft with a retail sale price over CAD$100,000, and new boats over CAD$250,000. The tax will be the…
Report on the Charities Program 2020 to 2021
If you are involved in the Charity sector, or work for or are engaged in the governance of a Canadian Charity, this report is an invaluable source of Canadian Charity related information.
Plan for Success – Build an IP Strategy
The Canadian Intellectual Property Office has launched a new online learning module to help guide you along the process of building an intellectual property (IP) strategy to align your IP assets and business goals in order to maximize…
“IP Village” Set to Help Canadian SMEs
The soon to be established IP Village, is intended to help small and medium-sized enterprises in Canada, utilize and leverage intellectual property effectively, to gain business and market share advantage.
Legal Assistant – Downtown Vancouver
We require a legal assistant to assist two lawyers in the areas of corporate / commercial law, intellectual property, and wills and estate planning.
Registering as a Charity under the Income Tax Act
To be able to issue official donation receipts and to be exempt from taxation, the Income Tax Act requires that corporations created and operated exclusively for charitable purposes register with the Canada Revenue Agency (CRA) as charities. For insight on…
“Cooling Off” BC Real Estate
To better protect consumers in British Columbia’s real estate market, the Government of British Columbia is introducing legislation that requires “cooling off periods” for resale properties and newly built homes. This change will be similar to the cooling…
Land Owner Transparency Registry – Filing Deadline Extended
The deadline for pre-existing “reporting bodies” (a relevant corporation, a trustee of a relevant trust, or a relevant partnership who acquired an "interest in land" prior to November 30, 2020 and continues to own an interest) to file…
Federal Anti-flipping Tax Intended to Cool Housing Prices
The Federal Budget issued on April 7, 2022 proposes that all profits from the sale of residential properties held for less than 12 months would be considered business income. This rule would apply to all properties sold on…