Tax
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May 21, 2024
How changes to capital gains could impact stock option compensation
There’s been a lot of discussion around the upcoming increase in the capital gains inclusion rate, announced in the federal budget. What we haven’t heard as much about, however, is the effect these changes could have on the taxation of stock options (optional: from both an employee and employer perspective).
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May 17, 2024
Ottawa announces construction of new federal courthouse complex in Montreal
The federal government has officially announced the construction of a new federal courthouse complex in the heart of Old Montreal.
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May 17, 2024
New partner joins Dentons Montreal
Sylvain Bélair has joined the Dentons Montreal office as a litigation and municipal planning partner, a news release from the firm announced.
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May 16, 2024
Canada sanctions ‘extremist Israeli settlers’ for violence against Palestinians in the West Bank
Ottawa has for the first time sanctioned “extremist Israeli settlers” with dealings and entry bans for “the grave breach of international peace and security posed by their violent and destabilizing actions against Palestinian civilians and their property in the West Bank.”
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May 15, 2024
130-year-old Kingston firm welcomes new associate
After graduating from Dalhousie’s Schulich School of Law and articling in Nova Scotia, Sean Davidson is returning to his hometown of Kingston, Ont., to join Cunningham Swan Carty Little & Bonham LLP as an associate on the firm’s general litigation team.
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May 13, 2024
Tax Court sees new judicial appointment
Minister of Justice and Attorney General of Canada Arif Virani announced the appointment of Michael U. Ezri as a Judge of the Tax Court, a news release from the Department of Justice announced.
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May 10, 2024
Supreme Court of Canada clarifies how to assess compensation for constructive expropriation
The Supreme Court of Canada has explained how to assess compensation payable for constructive expropriation of private land by public authorities in a unanimous decision that reverses a ruling below that pegged what the City of St. John’s owes to a property owner to the land’s prospective market value if it were permitted to be developed for residential use, rather than to its much lower market value as land which is currently zoned “watershed,” with only limited discretionary agriculture, forestry and public utility uses.
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May 10, 2024
Business groups call on Ottawa to cancel proposed increase in capital gains inclusion rate
A collection of Canada’s largest industry associations is calling on the federal government to scrap its plan to increase the capital gains tax inclusion rate, arguing it will make Canada less competitive internationally.
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May 07, 2024
Sweeping national security bill would boost state investigative powers; expand & create crimes, AMPs
The federal government has introduced a sweeping national security bill that would create a publicly accessible “foreign influence transparency” registry; expand the warrant, production and disclosure powers of the Canadian Security Intelligence Agency (CSIS); affect criminal accused or judicial review applicants seeking access to relevant “information related to international relations, national defence or national security”; expand the current “sabotage” offence; and create new “foreign interference” offences, along with administrative monetary penalties (AMPs) of up to $5 million and five years in prison, including for knowingly obstructing the operations of the office of a proposed new “Foreign Influence Transparency Commissioner.”
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May 07, 2024
Transmission of U.S. citizenship: Blessing or curse?
Children of U.S. citizens often can go their whole lives without knowing that they actually are — already — U.S. citizens themselves. To individuals in this situation, finding out you are already a U.S. citizen can be like winning the lottery or your worst nightmare. U.S. citizenship comes with certain rights and privileges but also with certain obligations. Those who want to divest themselves from these obligations can do so but may be frustrated with how lengthy the process of renouncing or relinquishing U.S. citizenship can be.