Previously Announced Measures
The Budget confirms the Federal Government’s intention to proceed with the following previously announced tax and related measures, as modified to take into account consultations and deliberations since their release: Measures announced on October 3, 2016 to improve fairness in...
Rectification is not Equity’s Version of a “Mulligan” – Words to Heed After Fairmont and Coutu
Introduction In Canada’s common law jurisdiction, rectification has historically been a powerful equitable remedy which, if granted, enables applicants to “travel back through time” to correct the documentary basis of transactions that have resulted in unintended detrimental tax or other...
Half-Loaf Fully Baked?
In the recent decision Gervais v. R.[1], the Tax Court of Canada confirmed the application of the general anti-avoidance rule (“GAAR”) to a taxpayer who attempted to benefit from his spouse’s lifetime capital gain exemption. The tax plan implemented is...
David Chodikoff quoted in La Presse article on Netflix tax
La Presse, "Netflix devrait payer de la TPS/TVQ, croit le président du CRTC"
(available in French only) Le président du CRTC Jean-Pierre Blais est « surpris » et trouve « étonnant » que Netflix ne perçoive pas de taxe de vente sur ses activités au Canada, alors que les entreprises canadiennes de visionnement en ligne offrant un...
It’s Not Too Late! The New Tax Changes and What You Can Do
Taxes & Wealth Management, Issue 9-3, p. 32-33
Your life insurance policy will be significantly affected by changes coming into effect on January 1, 2017, considerably impacting your estate planning. In 2014, the government introduced changes to the tax rules to help sort out inconsistencies in tax treatments.
The Taxation of Marihuana in Canada
Taxes & Wealth Management, Issue 9-3, p. 18-21
Presently, the future legal regime concerning the future of taxation of marihuana in Canada remains uncertain. Therefore, we are speculating on the nature of the legal framework for marihuana taxation.
Update on Tax Evasion
Taxes & Wealth Management, Issue 9-3, p. 39
Do you remember SCTV? The Great White North? with Bob and Doug McKenzie? The brothers (David Thomas and Rick Moranis, the actors that played the brothers in real life), would commence their “show” by asking: “How’s it goin, eh?” And...
GST and Requirements to Pay: A Case Review of Dan Mason v. Canada
Taxes & Wealth Management, Thomson Reuters, October 2016, Issue 9-3, 22-25
David Chodikoff featured in article on tax evasion
CBA National blog, "Smackdown: Our tax-avoidance heritage meets political pressure"
“Taxes,” said the great American jurist Oliver Wendell Holmes Jr., “are what we pay for civilized society.” Paying what you owe is a basic act of citizenship — but in every national culture with ties to Westminster, there has long...
( Available in French only )
Le privilège des communications entre client et avocat : d’une importance tout simplement cruciale!
Décisions de la Cour suprême du Canada Le vendredi 3 juin 2016, la Cour suprême du Canada (la « CSC ») a publié deux décisions importantes [Canada (Procureur général) c. Chambre des notaires du Québec et Barreau du Québec, 2016 CSC 20 (« Chambre des notaires »); et...
