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Vancouver Tax Law News
News, tips, tricks, and insights from the world of Vancouver tax law.
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...
Read MoreA 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 investors....
Read MoreAlternative Minimum Tax (AMT) for High-Income Individuals
Insights into the upcoming changes Significant changes were announced to the Alternative Minimum Tax (AMT) system in the federal budget for 2023. The...
Read MoreThe Income Tax and GST/HST Treatment of Credit Unions
Credit unions are full-service financial cooperatives. Like other financial institutions, they provide various services, such as operating savings and...
Read MoreRetirement Compensation Arrangements
Has your employer offered you a Retirement Compensation Arrangement? Are you a business owner considering methods of supplementing your employees’ RRSPs or...
Read MoreStrengthening 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 parents transferred...
Read MoreOverview 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 shares in...
Read MoreOverview of the Critical Mineral Exploration Tax Credit
Flow Through Shares and the Critical Mineral Exploration Tax Credit In April 2022, the Canadian government announced as part of the 2022 Budget that it...
Read MoreTax Planning Strategies: Mastering Your Money
Tax planning is a pivotal aspect of financial management that transcends beyond mere number crunching; it's a strategic approach that can significantly...
Read MoreDemystifying the Foreign Tax Identifying Number (TIN) in Canada
Navigating the complex world of taxation, especially when it involves international aspects, can be a daunting task. For individuals and businesses involved...
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