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.
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.
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.
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.
Energy/Tax Law Update 2015
The 2015 Ontario Budget, released on April 23, includes proposed measures that are intended to set the stage for consolidation within Ontario’s electricity distribution sector. At a high level, the measures are a limited-duration reduction of barriers to private sector investment in municipally owned electricity utilities (MEUs).
Employment/Tax Law Update 2015
Yesterday afternoon, the Canadian government tabled the 2015 Canadian Federal Budget. Two measures are particularly relevant to certain employers.Download the PDF to read this Client Update.
International Tax Law Update 2015
Yesterday afternoon, the Canadian government tabled the 2015 Canadian Federal Budget. This publication is intended to provide our busy international clients and friends with a high level overview of international […]
Quiz: Voluntary Disclosure Program
The Canada Revenue Agency’s Voluntary Disclosures Program (VDP) gives taxpayers a way to voluntarily come forward to put their tax affairs in order and correct past non-compliance. Taxpayers who use […]
Client Newsletter – Fall 2014
Welcome to the Fall 2014 edition of our Client Update Newsletter. Here we provide you with articles on recent developments in business law from a WeirFoulds perspective, and always with […]
Fifteen WeirFoulds Partners Recognized in the 2014 Canadian Legal Lexpert® Directory
Fifteen WeirFoulds lawyers have been recognized in the 2014 edition of the Canadian Legal Lexpert® Directory as “Leading Practitioners” in their areas of practice, up from 12 lawyers in 2013. […]
WeirFoulds Welcomes Ryan Morris
We are pleased to announce that Ryan Morris has joined the Firm as a partner in the firm’s tax practice. Ryan’s legal practice focuses on various areas of domestic and […]
Budget 2014: Changes to the Taxation of Trusts and Estates
The Canadian Federal Budget was tabled on February 11, 2014 and contains several important changes to the taxation of trusts and estates. We were somewhat prepared for this as a […]
New Penalty Taxes: Prohibited Investments and Advantage Rules for RRSP, RRIF and RCA Deferred Income Plans
Recent amendments to the Income Tax Act (Canada) have extended the penalty taxes that were initially aimed at TFSAs, to situations where you hold certain types and/or percentages of assets […]
Timely Tax Returns Should be a Top Priority
Rosenberg Estate v. Canada (National Revenue) a cautionary reminder that every effort should be made to file tax returns on time.
Thirteen WeirFoulds Lawyers Named Leading Practitioners in 2011 Canadian Legal Lexpert Directory
Thirteen WeirFoulds lawyers have been recognized in the 2011 edition of the Canadian Legal Lexpert® Directory as “Leading Practitioners” in their areas of practice. The Directory identifies leading practitioners across […]