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…

Read more

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…

Read more

Employee Ownership Trusts – Part 2

In our April 22, 2022 blog post, we discussed the Canadian Budget 2022 announcement, regarding the introduction of a new special purpose trust, the “Employee Ownership Trust”, under the Income Tax Act (Canada), to encourage employee ownership of…

Read more

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…

Read more

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…

Read more

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.

Read more

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.

Read more

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.

Read more

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…

Read more

Testamentary Capacity – Who Can Make a Will

For over a century, the question of whether a person has the legal capacity to make a will, can be determined according to the test originally set out in the leading case of Banks v. Goodfellow (1870). That…

Read more