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Vacancy Tax- Overhead view of suburban street

Personal Tax Planning

A “Service” Intended to Avoid the B.C. Foreign Buyers Tax is Being Provided in Vancouver

We’ve previously blogged about the B.C. government’s introduction of the Foreign Buyer’s Tax, which came into effect 2016 and requires all foreign entities (including foreign nationals) to pay an additional 20% on the purchase of residential property in the Greater Vancouver area. The purpose of the tax was to cut down on the number of foreign buyers who were purchasing homes in the region, but not living in them, leaving many homes… Read More

Corporate taxes

Corporate Tax Planning

Federal Budget 2019: How Will it Affect Taxes?

The Liberal government’s 2019 budget was tabled on March 19, 2019. In short, the budget seeks to support and build Canada’s middle class through: Making homeownership more affordable for first-time buyers;Helping workers gain new skills;Preparing young Canadian for good jobs;Helping Canadians with the cost of prescription drugs;Supporting low-income Canadian seniors who choose to remain in the workforce;Giving all Canadians access to high-speed internet;Lowering the cost of energy;Advancing reconciliation with Indigenous Peoples; andLowering taxes. Read More

#metoo- the capital building

Corporate Tax Planning

The Tax Cuts and Jobs Act and #metoo: Addressing Sexual Harassment in the Workplace Through Tax Reform

Last week, we blogged about the tax implications of Colin Kaepernick’s recent multi-million dollar settlement with the NFL. This week, we explore another aspect of legal settlement and tax: how settlements stemming from sexual harassment in the workplace (proliferating recently due to the massive #metoo movement) are being treated following recent tax reforms. #metoo and the Growing Awareness of Problematic Workplace Behaviours The #metoo movement exploded virally in October 2017, with millions of women… Read More

Close up of the NFL logo on turf

Sports & Entertainment

Tax Implications of Kaepernick’s Settlement with the NFL

More than 16 months after filing a formal grievance alleging that NFL owners and teams had colluded to keep him off the field, former San Francisco 49ers quarterback, Colin Kaepernick, has reached a formal (and confidential) settlement with the league. After the lengthy legal back and forth, Kaepernick has likely walked away with tens of millions of dollars. However, from a tax law perspective, how much of this settlement will he be able to take… Read More

Reassessment- office towers seen from below

Corporate Tax Planning

Canada’s Biggest Loyalty Points Company Facing Significant Tax Reassessment

A Canada Revenue Agency (CRA) audit of Montreal based Aimia Inc. (Aimia) has concluded. Aimia, which is responsible for customer loyalty programs worldwide, may now be facing a large tax bill. Aimia – An Overview Aimia Inc. which describes itself as a “global data-driven marketing and loyalty analytics company” providing “clients with the customer insights they need to make smarter business decisions” and also “partner[ing] with companies to help generate, collect and… Read More