Wednesday, January 29, 2025Ian SpiegelBusiness Law, Corporate Law, Tax and Estate PlanningTax, CRA, Capital Gains

On April 16, 2024, the Honourable Chrystia Freeland (“Freeland”) – then the Deputy Prime Minister and Minister of Finance – tabled “Budget 2024: Fairness for Every Generation”, which included a proposed increase of the capital gains inclusion rate from one-half to two-thirds for capital gains realized (i) by an individual over $250,000 in a year, and (ii) by a trust or corporation in any amount (the “Capital Gains Increase”)...

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Friday, January 10, 2025Ian Spiegel, Lynne WesterhofNon-Profit and Charities, Tax and Estate PlanningCharitable, Tax

In response to the recent strike by the Canadian Union of Postal Workers (“CUPW”), the Department of Finance on December 30, 2024, announced that the federal government intends to extend the deadline for making donations eligible for tax support in the 2024 tax year from December 31, 2024 until February 28, 2025...

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Wednesday, December 11, 2024Stephen A. ThieleLitigationTax, Vacant Home Tax, Constitutionality

To combat shortages of housing and housing affordability, some governments in Canada have introduced a tax on vacant or unoccupied homes as a way to deter property owners from leaving their homes empty...

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