Home Owner Grant Threshold Increases in 2016

British Columbians who own homes valued up to $1.2 million may be eligible to receive a full home owner grant this year.

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CRA’s Revised Position on Private Health Services Plans

Effective January 1, 2015, a plan is considered a PHSP as long as the premiums paid under the plan relate “all or substantially all” to medical expenses that would otherwise qualify for METC (assuming all other conditions to…

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Taxation and “Small Business”

Given MP Trudeau's commitment to running deficits for the next few years, he will be simultaneously looking for new forms of revenue. Perhaps small business is in his cross-hairs. Let's hope the Minister focuses her energies on those…

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Charities – Deed or Declaration of Trust?

The benefits of a trust, rather than a corporation or society, for a Canadian charity.

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Your Estate Plan and the New Tax Rules

Following amendments proposed to the Income Tax Act (Canada) to become effective on January 1st 2016, certain trusts will now be taxed at the top marginal tax rate rather than the lower graduated tax rates that some trusts…

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US Limited Liability Limited Partnerships (“LLLPs”)

This article addresses the question of characterization of US LLLP, by setting out the principles that it would rely on, to make that characterization.

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New Canada-New Zealand Double Tax Treaty – Good For Investors

The new double tax agreement between New Zealand and Canada is set to facilitate investment and trade between the two nations

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Buying a Business: Shares or Assets?

Whether you are buying out the competitor or buying your first business, you will want to ensure that the terms of the deal meet your needs and protect your interests. A fundamental concern is to first consider what…

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Is Your Family Business Prepared for Succession?

Business owners should take cognizance of the fact that succession planning should be considered in a proactive and earlier stage. Often, small business owners do not look far enough forward because they are reluctant to come to terms…

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Corrupt Capital and the UK Property Market – Lessons for Vancouver?

There is much speculation, although little hard evidence, of the influence of corrupt capital on the Vancouver real estate market generally, and on the escalation of Vancouver housing prices, in particular. It is interesting, and perhaps educative, to…

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