Public Registry of Beneficial Owners of Property – British Columbia

The British Columbia NDP government intends to introduce legislation mandating Canada’s first public registry of property beneficial ownership, to deter investors from buying housing through nominee companies and trusts. The move to crack down on real estate “hidden…

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Vancouver Empty Homes Tax

Effective January 1, 2017, Vancouver home owners are subject to an empty home tax of 1% of the property’s assessed value (the “Tax”), pursuant to Vacancy Tax By-law No. 11674 (the “By-law”). In accordance with the By-law, all…

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Expatriation Tax Implications of Renouncing US Citizenship or Surrendering a Green Card

Many residents of Canada have connections to the US, ranging from business interests, ownership of recreational or retirement properties, children attending US colleges, etc.  Furthermore, there are many US individuals residing in Canada, also for reasons of work,…

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CRA Charities Directorate Video: “Gifting and Receipting”

Learn about the types of donations for which registered charities and other qualified donees can issue a tax receipt, and the various rules on receipting.

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Changes to Principal Residence Exemption Announced Today

Minister of Finance, Bill Morneau, announced a major change to the rules regarding the Principal Residence Exemption.

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New Tax on Foreign Buyers of Vancouver of Real Estate

Foreign buyers of Metro Vancouver real estate will be taxed an additional 15 per cent, the government announced today in new legislation.

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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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