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Jan 4, 2023

Preparing for a Flipping Tax Dispute – GTAAFN

Tax associate Michael Ding will teach Preparing for a Flipping Tax Dispute, a course being offered by GTA Accountants & GTA Finance Network (GTAAFN) on Thursday, January…

Nov 30, 2022

Bad Facts Make Bad Law? A Review of Deans Knight and a Young Practitioners Mixer – Canadian Tax Foundation YP Committee

Associate Michael Ding will attend the Canadian Tax Foundation YP Committee’s first in-person event in over two years on Wednesday, December 14th, 2022. Michael will be one…

Nov 28, 2022

WeirFoulds Partner Lucinda Main elected to Canadian Tax Foundation’s Board of Governors

WeirFoulds Partner Lucinda (Lucy) Main has been elected to the Board of Governors of the Canadian Tax Foundation (CTF). As a member of the Board, Lucy will…

Nov 14, 2022

Update on Those Damn Flipping Rules

The August 9, 2022 draft amendments to the Income Tax Act (Canada) include provisions to give effect to the residential property flipping rule first introduced in Budget…

Oct 12, 2022

Take Your Client to (Tax) Court – GTAAFN

Associate Michael Ding will present a CPD course with the GTA Accountants & Finance Network (GTAAFN) titled “Take Your Client to (Tax) Court – Navigating the Informal…

Sep 13, 2022

Ontario Tax Conference – Ontario Tax Foundation

Lucy Main will attend the “Ontario Tax Conference” as a panel speaker. Hosted by the Canadian Tax Foundation, the conference will be held across two days on…

Aug 16, 2022

WeirFoulds welcomes Associates Cassie Chaloux and Michael Ding

WeirFoulds is pleased to welcome two associates to the firm in the following practice areas: Cassie Chaloux – Construction Cassie is an associate in our Construction Law…

Apr 21, 2022

WeirFoulds represents Massey Capital in deal to acquire SMS Machine Tools Limited

On April 4, 2022, it was announced that Massey Capital, a private investment firm, closed a deal to acquire SMS Machine Tools Limited (“SMS”), an industry-leading distributor…

Oct 1, 2021

WeirFoulds welcomes Partner Lucinda (Lucy) E. Main to its Wills, Trusts and Estates Group

WeirFoulds is delighted to announce that Lucinda (Lucy) E. Main has joined the firm as a Partner and Co-Chair of our Wills, Trusts and Estates Group. Lucy…

Sep 28, 2021

WeirFoulds LLP Employment Law Update: Getting Back to Business

Join WeirFoulds Employment Law lawyers Megan Mah, Daniel Wong and Ryan Morris on Tuesday, October 19, 2021 from 12:30 – 2:00 PM EDT as they discuss tax…

Feb 2, 2021

WeirFoulds represents Psyence Group Inc. in listing on the CSE and subsidiary in $9.3M private placement

On January 26, 2021, Psyence Group Inc. (“Psyence”) (CSE: PSYG) announced that its common shares would begin trading on the Canadian Securities Exchange. Psyence listed after completing…

May 4, 2020

Understanding the Impact of Commercial Rent Deferrals on Landlord GST/HST Remittance Obligations

As the COVID-19 crisis continues, businesses have largely closed on a temporary basis to comply with public health orders across all provinces (though we are now seeing…

Apr 22, 2020

Freeze (or Re-Freeze): Come Out of the COVID-19 Crisis With Your Hands Up (in a Victory Pose!)

With the exception of a few businesses (e.g., hand sanitizer and toilet paper manufacturers), the COVID-19 crisis has had a material detrimental impact on the current value…

Nov 10, 2019

WeirFoulds represents Kontrol Energy in completion of $3M secured loan financing

On October 31, 2019, Kontrol Energy Corp. (CSE: KNR, OTCQB: KNRLF, FSE:1K8) (“Kontrol”) announced the completion of a $3 million secured loan financing (the “Loan”) with FirePower…

Aug 27, 2019

53rd Annual National Workshop – Canadian Property Tax Association

The Canadian Property Tax Association will host its 53rd Annual National Workshop in St. John’s, Newfoundland, from September 15 to 18, 2019. The focus topic of this…

Aug 1, 2019

WeirFoulds represents XAU Resources Inc. in recent IPO

On July 18, 2019, XAU Resources Inc. (TSXV: GIG.P) announced its completion of an initial public offering of 4,411,500 common shares of the Corporation (the “Common Shares”)…

May 6, 2019

WeirFoulds recognized in the 2019 Canadian Legal Lexpert Directory

WeirFoulds is pleased to announce that 22 of our lawyers have been recognized in 14 different practice areas in the 2019 Canadian Legal Lexpert Directory. Each lawyer…

Mar 22, 2019

Budget 2019 In-Depth: Pending Proposals to Limit Preferential Tax Treatment of Employee Stock Options

The 2019 Federal Budget announced the Canadian government’s intent to limit the preferential tax treatment afforded to employee stock options that are granted to “high income individuals…

Oct 29, 2018

All that Glisters is Not Tolled, but is the Story Fully Told?

On October 10th, 2018 the Ontario Court of Appeal released its decision dismissing the appeal in the case of National Money Mart Company v 24 Gold Group…

Coloruful confetti in sky

May 14, 2018

WeirFoulds Lawyers Recognized in the 2018 Canadian Legal Lexpert® Directory

Glenn W. Ackerley, Raj Anand, Sandra Astolfo, Denise Baker, Lisa A. Borsook, Clare E. Burns, Jeff G. Cowan, M. Jill Dougherty, Lori M. Duffy, Robert Eberschlag, Bryan Finlay QC, Jordan Glick, Nikiforos Iatrou, James G. Kosa, Barnet H. Kussner, W. A. Derry…

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Apr 16, 2018

AMCTO’s 2018 Annual Conference

WeirFoulds Partner Jeff Cowan will speak at AMCTO’s 2018 Annual Conference. He will speak on the topic, “Recent Developments in Property Assessment and Municipal Taxation”. To learn…

Nov 15, 2017

WeirFoulds represents Optiv Security in acquisition of Conexsys

On November 13, 2017 Optiv Security, a market-leading provider of end-to-end cyber security solutions announced that it is continuing to accelerate its growth strategy by acquiring Conexsys,…

Oct 19, 2017

Government Backtracks on Anti-Surplus Stripping Proposals, and Looks to Develop Alternative Proposals

Happily, on October 19, 2017, the Federal Government announced it is not proceeding with yet another measure in its July 18 proposals this time, the anti-surplus stripping…

Oct 18, 2017

Proposed Tax Measures to Limit Deferral Benefits of Acquiring Passive Investments in Private Corporations

On October 18, 2017, the Federal Government announced its intention to introduce measures to limit the deferral advantage associated with a private corporation using active business income to make…

Oct 16, 2017

Government Backtracks on Certain Income Tax Proposals Impacting Private Corporations and their Shareholders

On October 16, 2017, the Federal Government announced its intention to lower the small business tax rate from 10.5% to 10 per cent, effective January 1, 2018,…

Sep 29, 2017

Beware: Proposed Tax Changes May Require you to Act Now

In a prior Client Alert, we summarized tax proposals released on July 18th, 2017 that will, if enacted as proposed, significantly change the tax rules for private corporations…

Jul 21, 2017

Sweeping Tax Proposals to Impact Private Corporations, Their Shareholders (including Family Trusts) and Post-Mortem Tax Planning

On July 18, 2017, becoming or staying an employee (particularly a government employee) became more attractive.  That is the date the Trudeau government released the consultation paper…

Oct 3, 2016

Another Success for the WeirFoulds Tax Litigation Group

On September 28, 2016, the Tax Court of Canada released the judgment in the matter of 2187028 Ontario Inc. v. Her Majesty The Queen. Ryan Morris, Tax…

Toronto Ponders Controversial New Parking Tax to Help Balance City Books

Counsel advising shareholders of private corporations need to pay careful heed to the Ontario Court of Appeal decision in Frye v. Frye Estate.

Jun 24, 2016

Non-Resident Employer Certification Regime: Withholding Relief for Non-Resident Employers and Employees

INTERNATIONAL TAX LAW UPDATEOn June 23, 2016, Budget Implementation Act, 2016, No. 1 received Royal Assent, which among other things, enacts a non-resident employer certificate regime that may be of interest to employers sending employees to Canada.

May 11, 2016

Panama Papers and Offshore Accounts: Window of Opportunity to Make a Voluntary Disclosure Closing

Canadian residents are required to report worldwide income. Furthermore, Canadian residents are generally required to annually file a special information return for any year that they held, at any time in that year, “specified foreign property” that had a cost exceeding $100,000. A failure to report such income or file any such return makes the Canadian resident liable to significant penalties (for which interest accrues daily) and potentially open to criminal prosecution.

Feb 11, 2016

Estate Alert – Proposed Amendments to Ontario Legislation in Respect of Parental Recognition

Bill 137 – An Act to amend the Children’s Law Reform Act, the Vital Statistics Act andother Acts with respect to parental recognition, which is also known as Cy and Ruby’s Act (Parental Recognition), 2015 – proposes a number of amendments to the statutes dealing with parental recognition.

Feb 4, 2016

WeirFoulds Represents Honeywell in the Acquisition of COM DEV International’s Space Hardware and Systems Business

On Thursday, February 4, 2016, Honeywell (NYSE:HON) completed the previously announced acquisition by plan of arrangement of COM DEV International Ltd. (TSX:CDV), a leading satellite and space components provider of switches and multiplexers.

Nov 11, 2015

Estate Alert – Common Misconceptions about Joint Accounts and Joint Ownership

Elderly parents will often put their money into bank accounts held jointly with their adult children, or transfer real property into a joint tenancy with one or more of their adult children. Sometimes, this is done for expediency so that an adult child can help manage the asset. In other cases, this is a planning technique used to avoid estate administration tax when the parent dies.

Oct 8, 2015

Land Transfer Tax: Assignments, Flips and Options

Determining the amount of Land Transfer Tax (“LTT”) payable on a routine purchase and sale transaction is not a difficult task. On a more complicated transaction or series of transactions, however, the impact of the Land Transfer Tax Act R.S.O. 1990, c.L.6, as amended (the “Act”) and the resultant LTT may have surprising and unfavourable results for a purchaser.

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