It would be an understatement to say that relations between Canada and China have hit an all-time low. For the business community, the rift is causing major uncertainty and trepidation. The question on many a Canadian CEO’s mind: Should we be doing business in China right now? The short answer is: yes. But more on […]
Canadian investors received some bad news from the Canada Revenue Agency (CRA) recently. Ottawa announced that it is changing the treatment of U.S. limited liability partnerships (LLPs) and limited liability limited partnerships (LLLPs). Moving forward subject to transitional relief for structures currently in place, LLPs and LLLPs will be taxed as corporations in Canada. The […]
Effective January 1, 2016 there will be significant changes to the taxation of trusts and estates, including alter ego, joint spousal / common-law partner and spousal / common-law partner trusts. There has been significant uncertainty in the tax community as a result of the impending legislation. Specifically, the new subsection 104(13.4) of the Federal Income […]
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