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Nova Scotia

Corporate Tax Planning

The Income Tax Benefits of “Disregarded Entities”

What is a disregarded entity? A disregarded entity (“DRE”) is a legal entity, such as a corporation, that is largely “disregarded” for the purposes of calculating income tax. Instead of tax liabilities being determined at the corporate level, the business is reported directly on the individual owner’s income tax return as if it were a sole proprietorship. For the purpose of federal income taxes, the business activities of a DRE are treated as being the… Read More

pirate joe's

Intellectual Property

Pirate Joe’s Settles Long Running Legal Battle and Closes for Good

A few weeks ago, a popular Vancouver grocery store closed its doors after five years in operation. Ordinarily, this does not make the news. However, the conclusion of the years-long saga of Pirate Joe’s is not an ordinary story. Pirate Joe’s: Meeting Canadian demand for US products It seems that everyone, including many Canadians, love Trader Joe’s. Pirate Joe’s opened in late 2011, a Vancouver-based reseller of Trader Joe’s products. The store was run… Read More

foreign investment in canada

Business Management

Foreign Investment in Canada – A Primer

Foreign investment in Canada is generally subject to a screening and review process, pursuant to the Investment Canada Act. The Act applies to any person that is not a Canadian citizen or permanent resident, and any entity which is not controlled by Canadians. Notification of a proposed foreign investment in Canada A Canadian business is defined has having a “place of business” in Canada, with individual(s) employed in the country in connection with the… Read More

Corporate Tax Planning

Government Seeks Input From Canadians on Changes to NAFTA

On the heels of the United States announcing their own public consultation process, Canada’s NAFTA negotiation team has opened online consultations on changes to NAFTA. Canadians will have an important opportunity to provide their views in advance of renegotiations that are expected to begin as early as August. The call for input comes at a time when the Canadian government has been looking to chart an independent course in foreign affairs, as the United States seemingly abdicates its… Read More

Davos

Corporate Tax Planning

NAFTA Renegotiation Update

On May 18, the United States Administration gave formal notice to Congress that they intend to begin discussions on NAFTA as soon as possible. Under US Law, Congress must be given a minimum of 90 days to consider this information, meaning that negotiations could begin as early as mid-August. Developing formal objectives for NAFTA renegotiation Notice has also been sent to US private industry and other parties that may be impacted by NAFTA renegotiation, requesting… Read More