Tax
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September 20, 2024
Federal Court upholds CRA decision denying Rebel News journalism tax credits; Rebel to appeal
The Federal Court has upheld a federal government decision denying journalism tax credits to the Rebel News based on a finding that it doesn’t produce enough original news content.
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September 20, 2024
The use of registered disability savings plans in estate law
Registered retirement savings plans (RRSPs) have become an integral part of the estate planning process since their introduction in 1957. Although registered plans play an important role in both the financial and estate planning of many Canadians, the tax treatment of such plans can vary depending on the type of plan in question and the family dynamics involved. This article will consider registered disability savings plans (RDSPs) in particular.
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September 19, 2024
Treasury Board president Anita Anand gets second Cabinet post as transport minister
Liberal MP Anita Anand, the president of the federal Treasury Board and former defence minister in the Liberal government, has taken on the additional post of minister of transportation.
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September 19, 2024
Nova Scotia seeks to stimulate offshore wind and tidal energy
Nova Scotia’s offshore wind sector should benefit from new legislation designed to fast-track developments and to create opportunities for smaller-scale, innovative technologies.
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September 16, 2024
Federal Court CJ says huge funding shortfall for translation will delay rulings, access to justice
A new statutory duty that requires the Federal Court to simultaneously issue its “precedential” rulings in both French and English — without Parliament also providing the many millions of dollars the court needs to carry out its task — will spark judgment delays and exacerbate translation backlogs unless the government steps up with adequate resources, Federal Court Chief Justice Paul Crampton tells Law360 Canada.
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September 17, 2024
Alberta’s new iGaming market: lessons from Ontario
Alberta is drawing inspiration from Ontario.
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September 16, 2024
Federal Court of Appeal finds ‘sympathy’ for appellant while dismissing tax appeal
The Federal Court of Appeal has dismissed a taxpayer's appeal for an extension to file objections for notices of reassessment, despite the appellant having many communications with the Canada Revenue Agency (CRA) and having submitted and resubmitted relevant documents.
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September 16, 2024
Navigating Canada’s new capital gains transition rules
In the Federal Budget, released on April 16, 2024, the government of Canada proposed increasing the capital gains inclusion rate. For corporations and trusts, the rate was proposed to increase from 50 per cent to 66.67 per cent. And similarly, for individuals, the rate on capital gains realized in a year exceeding $250,000 was proposed to increase from 50 per cent to 66.67 per cent.
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September 11, 2024
Federal Court quashes CRA decision to reassess taxpayer after accepting voluntary disclosure
The Federal Court has quashed a decision by the minister of national revenue to reassess a taxpayer without justification after accepting disclosure by the taxpayer under the Voluntary Disclosures Program (VDP) as complete.
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September 11, 2024
Business group urges Ottawa to revoke digital services tax on large tech firms
The organization that represents many of Canada’s largest corporations is calling on the federal government to revoke the three per cent digital services tax (DST) it unilaterally imposed on large tech companies in late June.