Tax
-
January 24, 2025
Draft legislation provides details on extension of charitable tax deduction deadline
The federal Finance Department has released draft legislation and explanatory notes to amend the Income Tax Act to extend the deadline for making tax-deductible charitable donations for the 2024 tax year to Feb. 28, 2025.
-
January 22, 2025
Federal Court of Appeal: RRSP transfer to widow exempt from tax debt clawback
The transfer of an RRSP from a deceased husband to his widow is not subject to a provision of the Income Tax Act allowing the Crown to collect unpaid tax debts from spouses or common-law partners, the Federal Court of Appeal has held.
-
January 22, 2025
Outlook for Canadian M&A market remains positive despite tariff threat, says KPMG report
The threat of widespread U.S. tariffs could slow down merger and acquisition (M&A) activity in Canada during the first half of 2025, but structural changes in trade could spur cross-border deals later in the year, according to multinational consulting firm KPMG.
-
January 20, 2025
Tourism industry calls on Ontario communities to update municipal accommodation tax
The Tourism Industry Association of Ontario (TIAO) is taking part in meetings with provincial government caucus members and ministry staff to “recommend necessary enhancements” to the existing Municipal Accommodation Tax (MAT) regulation.
-
January 20, 2025
Medical officers’ council urges stricter vaping regulations to protect Canadian youth
Canada's Council of Chief Medical Officers of Health (CCMOH) has recommended that federal, provincial and territorial governments take steps to regulate the sale of vaping products amid concerns about a substantial rise in nicotine vaping among Canadian youth.
-
January 17, 2025
Tavares v. CRA: Star forward defends his net | Marcel Strigberger
He shoots he scores! Or at least he’s giving it a shot. I am talking not hockey, but income tax.
-
January 17, 2025
Federal Court of Appeal discourages Tax Court from sending out draft judgments to parties
Draft decisions are best kept behind closed court doors, the Federal Court of Appeal has indicated in a decision admonishing the Tax Court of Canada for sending out a draft copy of a decision for review by the parties involved. “We wish to comment on the practice the Tax Court followed here,” Justice David Stratas wrote for the three-judge panel in a recent decision in Doostyar v. Canada 2025 FCA 6.
-
January 17, 2025
Top 10 business decisions for 2024, part one
Here is Law360 Canada’s annual list of the Top 10 business decisions in Canada for the year just ended. This is a two-part series, which begins below with our honourable mentions, followed by the cases ranked 6-10, in ascending order. Part two will deal with cases ranked 1-5.
-
January 16, 2025
Proposed U.S. tariffs could cost B.C. $69B in economic activity, 124,000 jobs, province estimates
The imposition of U.S. president-elect Donald Trump’s threatened 25 per cent tariff on all Canadian imports could cost British Columbia 124,000 jobs and $69 billion in economic activity between 2025 and 2028, according to a B.C. Ministry of Finance impact assessment.
-
January 16, 2025
Blakes partner roster expands
Blakes has named Allan Morgan, Rodney Perkins, Brittany Shamess, Christina Sutcliffe, Daniel Szirmak and Annika Wang as new partners.