Corporate Tax

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Updating the GAAR

The GAAR, or General Anti-Avoidance Rule, is a rule meant to prevent abusive tax avoidance. It functions by denying Canadian taxpayers the benefits of...

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A Tax on Repurchases of Equity, Including Share Buybacks

The 2023 Federal Budget included draft legislation which would implement a 2% tax on public corporations’ repurchasing of shares from their investor...

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Strengthening the Intergenerational Business Transfer Framework

The Intergenerational Business Transfer (“IBT”) regulations came into effect on June 29, 2021, through Bill C-208. Before this, when paren...

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Overview of the Employee Ownership Trust

Employee ownership is used to describe any arrangement in which a company’s employees may own shares in the company or the right to the value of sha...