Extra-Jurisdictional Recognition of Enduring Powers of Attorney and Representation Agreements in British Columbia
Significant amendments to the Power of Attorney Act and the Representation Agreement Act came into force in British Columbia on September 1, 2011. While powers of attorney or representation agreements made before this date are still valid, the new legislation...
Tax Treatment of Charitable Donations From Spousal Trusts
In December 2011, CRA released a technical interpretation that offers clarification on the rules surrounding donations to registered charities from spousal trusts. Such clarification is valuable both to charities issuing receipts as well as well as to advisors in the...
Miller Thomson on Estate Planning
Miller Thomson is pleased to announce the release of Miller Thomson on Estate Planning, written by 30 of our lawyers from 9 of our offices across the country. The two-volume review published by Carswell offers precise, practical, up-to-date information on tax...
Estate-Owned Operating Companies: Key Considerations in Trustee Powers
Law Society of Upper Canada - Six Minute Lawyer Program
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Introduction
2012 Federal Budget Minister of Finance Jim Flaherty today tabled the 2012 Federal Budget (the “Budget”) entitled “Jobs, Growth and Long-Term Prosperity.” We are pleased to provide our summary of tax measures contained in the Budget. There were no changes...
Business Income Tax Measures
IN THIS SECTION: Scientific Research and Experimental Development Program Tax Avoidance Through Use of Partnerships Partnership Waivers Clean Energy Generation Equipment – Accelerated Capital Cost Allowance Corporate Mineral Exploration and Development Tax Credit Atlantic Investment Tax Credit Scientific Research and...
International Taxation
IN THIS SECTION: Thin Capitalization Rules Foreign Affiliate Dumping Transfer Pricing Secondary Adjustments Base Erosion Rules – Canadian Banks Overseas Employment Tax Credit Thin Capitalization Rules Current Thin Cap Rules The thin capitalization rules (the “Thin Cap Rules”) contained in...
Personal Tax Measures
IN THIS SECTION: Registered Disability Savings Plans Retirement Compensation Arrangements Employees Profit Sharing Plans Group Sickness or Accident Insurance Plans Life Insurance Policy Exemption Test Eligible Dividends – Split-Dividend Designation and Late Designation Mineral Exploration Tax Credit for Flow-Through Share...
GST/HST and Excise Tax Measures
IN THIS SECTION: GST/HST Health Care Exemptions and Zero-Rating Expanded Doubling GST/HST Streamlined Accounting Thresholds GST and Excise Tax Relief for Foreign-Based Rental Vehicles Temporarily Imported by Canadian Residents Application of the “Gas-Guzzler” Excise Tax or “Green Levy” on Fuel-Inefficient...
Other Tax Measures
IN THIS SECTION: Gifts to Foreign Charitable Organizations Charities – Enhancing Transparency and Accountability Tax Shelter Administrative Changes Aboriginal Tax Policy Gifts to Foreign Charitable Organizations For more comments on Charitable Sector Measures, please visit Charities and Not-for-Profit Newsletter March...
