Blog

Wills

Cross-Border Estate Planning

Handwritten Wills Discovered More than a Year After Aretha Franklin’s Death

The death of Aretha Franklin, the Queen of Soul, rocked the music world last year. As the world mourned the loss of this legendary singer, a legal storm brewed when it initially seemed that she had not left a will or trust delineating what was to happen to her more than $80 million fortune. In the months following her passing it seemed as though the artist’s four sons would be locked in a protracted and… Read More

Speculation Tax

Personal Tax Planning

Newly Released Statistics Reveal that Fewer Foreign Buyers are Buying Homes in the GTA

We’ve previously blogged about measures being implemented in various jurisdictions across Canada intended to cool down the housing market and address affordability by taxing foreign buyers. Among such measures was a Foreign Buyer’s Tax introduced in British Columbia (and separately also within Vancouver). We also blogged about creative ways that foreign buyers have been attempting to circumvent measures such as the Foreign Buyer’s Tax. Much like in BC, Ontario has its own foreign… Read More

Corporate taxes

Corporate Tax Planning

New Report Calls for Increased Regulation to Address Money-Laundering in Canada

This week, CBC News is reporting that lax regulations have made Canada a prime location for money laundering. These headlines come in the wake of a recent report issued by well-known policy think-tank C.D. Howe Institute titled “Why We Fail to Catch Money Launderers 99.9 percent of the Time” in which the Institute highlights ways in which Canada has been deficient in fighting money laundering. Why Money… Read More

Legal fees

Tax Disputes & Litigation

Cameco Awarded More than $10 Million in Legal Fees After Decade Long Dispute with the CRA

Canadian resource company Cameco, one of the world’s largest producers of uranium fuel, recently announced that it would be receiving $10.25 million in costs after a protracted battle with the Canada Revenue Agency (CRA) over alleged tax evasion. Some Background The dispute began when the CRA questioned Cameco’s corporate structure following the company’s reorganization in the late 1990’s. At issue was whether Cameco used a Swiss subsidiary, Cameco Europe Ltd. (CEL) as a means of… Read More

Cottage- small wooden house on green lawn

Personal Tax Planning

Frequently Asked Questions About Your Cottage and Taxes

As we head into May, we also head into the beginning of cottage season- a favorite time for Canadians. While many of us are starting to think about heading up north in the coming weeks to kick off a summer of boating, barbecues and other summer time fun, it may also be a good time to think about the various financial and legal implications of owning a vacation home. Below we address some… Read More