Proposed Amendments to Trust Reporting Requirements – August 2024 Edition
Tuesday, September 17, 2024Ian SpiegelBusiness Law, Corporate LawIncome Tax Act
Enhanced trust reporting requirements were enacted for trusts with a taxation year ending after December 30, 2023, and required certain trusts to file a T3 Trust Income Tax and Information Return (“T3 Return”) and Schedule 15 Beneficial Ownership Information of a Trust (“Schedule 15”)...
Read the full post, click here.
The Empire Strikes Back: Attorney General of Canada Files Response in Tavares’ Appeal
Monday, June 24, 2024Ian SpiegelBusiness Law, Corporate LawIncome Tax Act
The captain of the Toronto Maple Leafs (the “Leafs”), John Tavares (“Tavares”), is currently in the process of appealing a Notice of Reassessment that was issued by the Canada Revenue Agency (“CRA”) with respect to his 2018 income. The Notice of Reassessment...
Read the full post, click here.
Three Things Canadian Charities Need to Know Before Providing Humanitarian Aid
Wednesday, March 13, 2024Lynne WesterhofBusiness Law, Corporate Law, Non-Profit and CharitiesIncome Tax Act, Humanitarian Aid
In the midst of many global crises, Canadian charities are often involved in providing humanitarian aid...
Read the full post, click here.
Trust Reporting Season is Here: Your Primer on the New Requirements for 2023
Friday, February 16, 2024Ian SpiegelCorporate Law, Business Law, Tax and Estate Planning, Tax LawTrusts, Income Tax Act
On December 15, 2022, Bill C-32, the Fall Economic Statement Implementation Act, 2022, S.C. 2022, c. 19 (“Bill C-32”), received Royal Assent. Bill C-32 amended the...
Read the full post, click here.