Category: Miscellaneous (page 2)

I wrote here about the effect that ASPE could have on the retained earnings of a private corporation. An appraisal increment could render retained earnings a very poor indicator of safe income. The CRA is now saying that such an…

The Bulk Sales Act has been repealed with effect from March 22, 2017, the date of Royal Assent for Bill 27, which was enacted as SO 2017, c 2.

Tonight I received the “Outstanding Contribution Award” from the Hamilton Law Association “in recognition of frequent and valued contributions to the bimonthly HLA Journal, Continuing Professional Development programming, and/or HLA practice committees”. My thanks to the Association for this honour.

Should you cc or bcc your client on an email to opposing counsel? It’s a trick question: you shouldn’t do either of these things. Instead, you should send the email to opposing counsel and then forward it to your client,…

Carswell is making the Practitioner’s Income Tax Act (PITA) even more useful by switching to neutral citations for its case references. The neutral citation provides a sure-fire way to locate a case quickly and easily, regardless of the database you…

KPMG, in its TaxNewsFlash on the federal budget for 2015, writes the following about the budget promise to review the active business income rules: The budget states that stakeholders have expressed concern about the application of these rules in cases…

Neal Armstrong, in his summary of technical interpretation 2015-0564611E5, writes as follows: CRA now construes “livestock” more narrowly than as stated in IT-427R, so that it considers that raising rodents qualifies as farming only if they are sold as food…

I’ll admit that email disclaimers are a pet peeve of mine. They seem to embody some of the less loveable characteristics of lawyers and the law. Anyway, apparently the IRS is now telling US tax practitioners to stop using “Circular…

The CBC is reporting that “British bank HSBC helped hundreds of Canadians hide Swiss accounts from authorities to avoid paying millions of dollars in taxes, CBC News has learned.”