Feigenbaum Law

GST/HST

A man in a suit walking down a city street with luggage representing resignation from a job

Corporate Tax Planning

Company Director Escapes Tax Liability After Resigning

Being the director of a company might seem glamorous on the outside, but the role comes with a great deal of responsibility, including personal tax liability should the company find itself unable to comply with its tax obligations. A recent decision from the Tax Court of Canada looks at what is needed for a director to resign and avoid liability for a company’s tax debt. The debt The appellant was the… Read More

A man with a toolbelt representing a person acting as project manager in a dispute over GST/HST collection

Tax Disputes & Litigation

Contractor or Agent? A Crucial Difference When it Comes to Taxation

If there’s a lesson to be learned when it comes to contract law, it’s that language and details matter. Even a seemingly straightforward contract between two parties can lead to serious tax consequences if certain aspects of the business relationship are not properly addressed in the contract. In a recent case heard by the Tax Court of Canada, a taxpayer found himself in hot water after failing to collect HST during… Read More

Limited partnerships

Corporate Tax Planning

New Draft Legislation May Impact Limited Partnerships in Canada

Earlier this month, Canada’s Department of Finance released draft legislation intended to amend the Excise Tax Act (ETA) and address newly defined “Investment Limited Partnerships”. These proposed amendments will impact mutual funds or investment plans that use limited partnerships in their structure (including private equity, venture capital, and hedge funds), and has the potential to significantly increase the amount of GST/HST paid by limited partnerships. The Draft Legislation The draft legislation essentially deems the general… Read More