On February 27, 2018, Finance Minister Bill Morneau delivered the 2018 Federal Budget. In this Tax Update, we provide an analysis of the tax measures introduced. Following the proposed measures for private corporations released on July 18, 2017, a series of modifying announcements during the week of October 16, 2017, and revised draft legislation released...

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On December 13, 2017, the Department of Finance released its long awaited revised legislative tax proposals targeting “income sprinkling” by private corporations. The original July 18th proposals were met with unprecedented criticism and concerns over fairness, complexity and unintended consequences. In response, during the week of October 16th to 20th,...

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In this issue “Update on Proposed Tax Changes” 17-699-DFK-2017-Fall-Newsletter  

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While we’re still waiting on the federal government to release draft legislation following the series of October announcements on changes to its tax proposals for private corporations, the Ontario government has made some announcements of its own as outlined below: Ontario – 2017 Fall Economic Statement On November 14, 2017, the Ontario Ministry of Fina...

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This article was originally published in Volume 31 Release 2 (August 2017) of the Ontario Family Law Reporter © LexisNexis Canada Inc. Times are changing for Ontario’s General Practitioners (“GP”). Gone are the days when a GP’s medical practice had no intangible value (intangible value includes items such as goodwill, client roster lists, etc.). Depe...

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