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Family businesses are built to be passed on. That just got easier and less costly
PHOTO BY GETTY IMAGES/ISTOCKPHOTO The potential savings on wealth transfer taxes with Bill C-208 could amount to as much as $400,000 “Keeping the business in the family” will get a whole lot easier — and a whole lot less costly — when Bill C-208, which received Royal Assent this week, comes into force on January […]
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Cryptocurrency: the Wild West no more?
By Julius Melnitzer | June 22, 2021 There’s a serious irony in the notion that the cryptocurrency landscape still resembles the Wild West. “I would argue that it never did,” says David Rotfleisch of Toronto-based tax boutique Rotfleisch & Samulovitch P.C. “After all, it’s based on blockchain, which records every single transaction on a ledger […]
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Bill C-12: Why the Green Party and environmental groups are against Ottawa’s net-zero climate bill
By Julius Melnitzer | June 16, 2021 Make no mistake about it: Bill C-12, the federal legislation designed to achieve net-zero greenhouse gas emissions is nothing more than a top-down mandate focused on making net zero emissions commitment the obligation of the federal government. “What Bill C-12 doesn’t tell us is how the federal government […]
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New insolvency rules help energy companies carve out their environmentally-compromised assets
By Julius Melnitzer | May 26, 2021 Following their formal recognition by the Quebec Superior Court and British Columbia Supreme Court, reverse vesting orders (RVO) are poised to become extremely valuable tools in insolvency and restructuring proceedings — for the energy sector in particular. Historically, courts have used standard vesting orders to transfer purchased assets […]
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Getting a head start on new Consumer Protection Privacy Act
May 17, 2021 | By Marilyn Clarke, guest contributor With the expected enactment of Bill C-11 in late 2021, Canada’s privacy regime, which had become increasingly ineffectual and obsolete, will be obsolete no more. Bill C-11 introduces the Consumer Protection Privacy Act (CPPA) and Personal Information and Data Protection Tribunal Act (PIDPTA), which will replace Part 1 of the Personal […]