The Mandatory Disclosure Rules: CRA Releases Updated Guidance
On November 2, 2023, the CRA released updated guidance on the mandatory disclosure rules. The updated guidance can be accessed here. The release comes one day after the CRA announced […]
The Mandatory Disclosure Rules: New CRA Guidance in the Employment Context
Expanded mandatory disclosure rules under the Income Tax Act (Canada) came into effect in Canada on June 22, 2023, requiring the reporting of reportable transactions, notifiable transactions, and uncertain tax […]
Recent Trends and Obligations When Assessing Undue Influence
I. OVERVIEW A lawyer assisting a client with their estate and wealth planning has a professional and ethical obligation to ensure that they are taking instructions from someone with an […]
Advisors Beware – New Notifiable Transactions Released
Effective November 1, 2023, the Minister of National Revenue has designated five notifiable transactions: Straddle loss creation transactions using a partnership; Avoidance of deemed disposal of trust property; Manipulation of […]
Joint Ownership as a Probate Planning Strategy – The Cautionary Tale of Jackson v Rosenberg
In Ontario, where probate fees (formally, Estate Administration Tax) are considered to be high, a number of probate fee minimization strategies have developed. These strategies carry with them benefits and […]
In Case You Missed It: Updates to Ontario Probate Application Forms
As we find ourselves well into the Fall season, we thought it important to remind estate practitioners that the warm and long summer days also brought some important changes to […]
Bill 134: Affordable Homes and Good Jobs Act, 2023, A New Definition for Affordable Housing
On September 28, 2023, Bill 134 also known as the Affordable Homes and Good Jobs Act, 2023 (“Bill 134”) was announced by the Minister of Municipal Affairs and Housing of […]
WeirFoulds lawyers published in Your Guide to Charitable Giving & Estate Planning Fall 2023 Edition
Partner Lucy Main and associate Lori Isaj, members of WeirFoulds’ Wills, Trusts & Estates Practice Group, were recently published in the Fall 2023 edition of Your Guide to Charitable Giving & […]
Two WeirFoulds lawyers recognized in 2023 Lexpert Special Edition: Mining
Congratulations to our two partners who have been recognized in the 2023 Lexpert Special Edition: Mining. The special edition features Lexpert-ranked lawyers who provide services to the mining sector and […]
Bill C-27: Landmark Privacy and AI Bill Undergoes Committee Review after Yearlong Wait
After more than a year since Bill C-27 was first introduced, the Standing Committee on Industry Science and Technology (INDU) finally began its study of the bill. Bill C-27, the […]
The Expanded Mandatory Disclosure Rules: An In-Depth Discussion
The expanded mandatory disclosure rules that came into effect on June 22, 2023 capture a broad range of business transactions and impose reporting obligations on taxpayers, advisors, and promoters alike.[1] These […]
Condemnation of the Terrorist Acts of Hamas
WeirFoulds LLP strongly condemns the terrorist acts of Hamas which have ignited a brutal war with Israel. We are shocked by the horrific violence, suffering and chaos in the region, […]
WeirFoulds welcomes Partner Amy Block and Associate Amaki Otuteye
WeirFoulds is pleased to welcome Partner Amy Block and Associate Amaki Otuteye to the firm in the following practice areas: Amy Block – Regulated Professions & Industries Amy Block is […]
Knock Knock – Underused Housing Tax Filings Due October 31, 2023
The administrative extension to file the Underused Housing Tax (“UHT”) return and pay the UHT expires on October 31, 2023. After this date, registered owners (other than excluded owners) of […]
To Use or Not to Use: Navigating Privacy Risks Associated with Generative AI Tools
By now, you may either have heard of generative artificial intelligence (AI) tools or put them to the test yourselves. Generative AI tools like ChatGPT, Cohere, and DALL-E2 are popular […]