New Trust Reporting Rules Delayed
Trust reporting rules apply only to taxation years that end after December 30, 2023
Partnerships Involving First Nations – PST Issues
General Partnerships and LLPs General partnerships and LLPs with a First Nations partner(s) who is eligible to make exempt purchases on First Nations land are entitled to an exemption for their purchases on First Nations land, proportional to…
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…
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…
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…
Commonly Used Non-Fungible Token (“NFT”) Terms
A glosary of commonly Used Non-Fungible Token (“NFT”) Terms
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…
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…
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.
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.