Agreement with creditors: Beware
The unprecedented COVID-19 pandemic is having a significant financial impact on many Canadian businesses regardless of their size. A business experiencing financial difficulties may attempt to negotiate a full or partial reduction in amounts owed to its creditors. In such...
Temporary layoff of employees: Tax obligations arising from contributions to a supplementary unemployment benefit plan
Employers that are contemplating or have established a supplementary unemployment benefit plan to assist their employees who are collecting benefits further to a temporary or indefinite layoff due to COVID-19 will have to keep in mind the tax consequences of...
COVID-19: GST/HST remittance deferral measures
On March 27, 2020, Canada’s Department of Finance announced GST/HST remittance relief. Any payments or remittances, including installment payments, that become owing on or after March 27, 2020 and before June 30, 2020 can be deferred until June 30, 2020....
COVID-19: Sales tax and tax controversy updates and insights
Businesses of all sizes are scrambling to adapt to the constantly changing world in which we find ourselves. Owners are worried about cash flow. Routine business operations are migrating online. New revenue streams are being explored. Meanwhile, we are inundated...
COVID-19 pandemic economic measures for individuals
The federal government recently announced a new set of economic measures to help stabilize the economy during the COVID-19 pandemic. Outlined below are new measures implemented by the federal government, along with expanded existing programs, that are designed to assist...
COVID-19 pandemic economic measures for businesses
The federal government recently announced a new set of economic measures to help stabilize the economy during the COVID-19 pandemic. Outlined below are measures implemented by the federal government, along with expanded existing programs, that are designed to assist small,...
Ron Choudhury quoted in Law Times article
Law Times, "Tax bar seeing more settlements in disputes with CRA"
More disputes between taxpayers and the Canada Revenue Agency are being settled outside of court, according to tax-law experts. Tax lawyers point to several factors leading to the trend, including Tax Court rule changes, the CRA taking more aggressive assessment...
New Proposed Limits on Employee Stock Option Deductions
Introduction The long-standing tradition of using employee stock options to reward and retain employees in Canada may change due to limits proposed by the federal government to the current advantageous tax treatment available to employees in certain circumstances. Currently, subsection...
Interjurisdictional Road Carriers – Registration Under the Greenhouse Gas Pollution Pricing Act
On April 1, 2019, the Greenhouse Gas Pollution Pricing Act (the “Act”) came into force in Manitoba, New Brunswick, Ontario and Saskatchewan, and it will come into force on July 1, 2019 for each of Nunavut and the Yukon (the...
2019 Miller Thomson Federal Budget Review
Disponible en français : Analyse du budget fédéral de 2019 par Miller Thomson With the tabling of its federal Budget (“Budget 2019”), the Federal Government (the “Government”) has renewed its commitment to “investing” in the Canadian middle class (and in...
