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Canada Income Tax Act

Blake, Cassels & Graydon LLP

Budget fédéral 2024 : Présentation de certaines mesures fiscales

Le 16 avril 2024 (le « jour du Budget »), le gouvernement du Canada a présenté son budget fédéral de 2024 (le « Budget 2024 »). Bien que le principal élément du Budget 2024 soit une proposition visant à faire passer le taux...more

Blake, Cassels & Graydon LLP

2024 Federal Budget: Selected Tax Measures

On April 16, 2024 (Budget Day), the Government of Canada released its 2024 federal budget (Budget 2024). While the biggest headline item in Budget 2024 is a proposal to increase the capital gains inclusion rate from one-half...more

Blake, Cassels & Graydon LLP

Vente d’une entreprise de distribution d’assurances : mettre toutes les chances de son côté

Le marché fragmenté de la distribution d’assurances au Canada continue de faire l’objet d’un grand volume d’activités de fusion et acquisition (« F&A ») alors que les consolidateurs établis regroupent de petits courtiers...more

Davies Ward Phillips & Vineberg LLP

Federal Budget 2024: How It Impacts You and Your Business

On April 16, 2024 (Budget Day) the Honourable Chrystia Freeland, Deputy Prime Minister of Canada and Minister of Finance, delivered the Liberal Party’s federal budget (Budget 2024). Budget 2024 included a number of proposed...more

Blake, Cassels & Graydon LLP

Getting the Deal Done: Insurance Distribution

The fragmented insurance distribution market in Canada continues to see significant levels of mergers and acquisitions (M&A) activity as established consolidators roll up smaller brokerages and managing general agents (MGAs),...more

Blake, Cassels & Graydon LLP

Nouvelle année, nouvelle politique de l’ARC relative aux retenues sur la paie des employés à distance

L’Agence du revenu du Canada (l’« ARC ») a adopté une nouvelle politique administrative (la « nouvelle politique administrative ») qui est entrée en vigueur le 1er janvier 2024. La nouvelle politique administrative permet de...more

Blake, Cassels & Graydon LLP

New Year, New CRA Payroll Policy for Remote Workers

Effective January 1, 2024, the Canada Revenue Agency (CRA) has a new administrative policy (New Administrative Policy) for determining the province or territory of employment (POE) for payroll deduction purposes of employees...more

Blake, Cassels & Graydon LLP

Présentation de certaines mesures fiscales prévues dans le projet de loi C-59 du Canada

Points saillants - Le 28 novembre 2023, le ministère des Finances (le « ministère ») a déposé un avis de motion de voies et moyens visant à mettre en œuvre la Loi d’exécution de l’énoncé économique de l’automne 2023, qui a...more

Blake, Cassels & Graydon LLP

Select Tax Measures in Canada’s Bill C-59

Highlights - On November 28, 2023, the Department of Finance (Finance) tabled a Notice of Ways and Means Motion to implement the Fall Economic Statement Implementation Act, 2023, which subsequently received first reading...more

Blake, Cassels & Graydon LLP

Énoncé économique de l’automne de 2023 : Présentation de certaines mesures fiscales

Le 21 novembre 2023, la ministre fédérale des Finances (la « ministre ») a publié l’Énoncé économique de l’automne de 2023 (l’« ÉÉA ») du Canada. L’ÉÉA porte principalement sur diverses mesures d’abordabilité à l’intention...more

Blake, Cassels & Graydon LLP

Key Tax Measures in the 2023 Fall Economic Statement

On November 21, 2023, the Minister of Finance (Minister) released Canada’s 2023 Fall Economic Statement (FES). The primary focus of the FES is on affordability measures for Canadians and increasing Canada’s housing stock,...more

Blake, Cassels & Graydon LLP

L’ARC désigne les opérations à signaler et met à jour les lignes directrices en matière de divulgation obligatoire

Introduction - Le 1er novembre 2023, l’Agence du revenu du Canada (l’« ARC ») a publié une liste d’opérations qui ont été désignées comme les premières « opérations à signaler » en vertu des nouvelles règles de divulgation...more

Blake, Cassels & Graydon LLP

CRA Designates Notifiable Transactions and Updates Mandatory Disclosure Guidance

Introduction - On November 1, 2023, the Canada Revenue Agency (CRA) released a list of transactions that have been designated as the first “notifiable transactions” under the new mandatory disclosure rules (MD Rules) in...more

Stikeman Elliott LLP

Canada’s Proposed Share Buyback Tax

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On August 4, 2023, the Department of Finance released a revised version of its proposed 2% equity buyback tax (“Buyback Tax”) that will apply to relevant transactions that occur on or after January 1, 2024....more

Stikeman Elliott LLP

Tax Base Erosion: Canada Responds with Draft EIFEL Rules Legislation

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On August 4, 2023, the Department of Finance released an updated version of the draft legislation that will incorporate the excessive interest and financing expense limitation rules (“EIFEL Rules”) into the Income Tax...more

Davies Ward Phillips & Vineberg LLP

Government of Canada Releases Package of Proposed Domestic and International Tax Legislation

The Department of Finance (Finance) released draft tax legislation for public consultation on August 4, 2023, with a stated focus on promoting tax fairness and a clean economy. The most significant item released is the...more

Blake, Cassels & Graydon LLP

Update on 2023 Budget and Proposed Amendments to Retirement Compensation Arrangements and Other Deferred Income Plans

On August 4, 2023, the Department of Finance Canada released draft legislation (August 2023 Draft Legislation) that would amend the Income Tax Act (Canada) (ITA) and the Income Tax Regulations (Regulations) with respect to...more

Blake, Cassels & Graydon LLP

L’Agence du revenu du Canada publie ses lignes directrices sur les règles de divulgation obligatoire

Le 6 juillet 2023, l’Agence du revenu du Canada (l’« ARC ») a publié sur son site Web de nouvelles lignes directrices administratives (les « lignes directrices ») sur l’application et l’administration des règles de...more

Blake, Cassels & Graydon LLP

Canada Revenue Agency Publishes Guidance on Mandatory Disclosure Rules

On July 6, 2023, the Canada Revenue Agency (CRA) posted on its website new administrative guidance (CRA Guidance) on the application and administration of the revised mandatory disclosure rules in the Income Tax Act (ITA)...more

Davies Ward Phillips & Vineberg LLP

The CRA’s New Power to Compel Oral Interviews

The Canada Revenue Agency (CRA) can now require taxpayers or any other person to answer “all proper questions” and provide all reasonable assistance for any purpose relating to the administration or enforcement of the Income...more

Davies Ward Phillips & Vineberg LLP

Highlights of Canada’s Latest Legislative Tax Proposals

The Department of Finance recently released a package of materials containing potential changes to the Canadian tax system (Tax Proposals). The materials, released on August 9, 2022, include draft amendments to the Income Tax...more

Davies Ward Phillips & Vineberg LLP

Corporate Transparency: What’s Happening Across Canada?

Recent amendments to the Canada Business Corporations Act (CBCA) will require private corporations to report information regarding individuals with significant control to Corporations Canada. These amendments form part of the...more

Davies Ward Phillips & Vineberg LLP

Federal Budget 2022: Tax Highlights

On April 7, 2022 (Budget Day), the Honourable Chrystia Freeland, Deputy Prime Minister of Canada and Minister of Finance, delivered the Liberal Party’s federal budget (Budget 2022), the second budget since the start of the...more

Blake, Cassels & Graydon LLP

Modifications proposées à la correction des erreurs reliées aux cotisations à des régimes de retraite à cotisations déterminées

Le 4 février 2021, le ministère des Finances du Canada a publié un avant-projet de loi (l’« avant-projet de loi ») proposant de modifier la Loi de l’impôt sur le revenu (Canada) (la « LIR ») et le Règlement de l’impôt sur le...more

Blake, Cassels & Graydon LLP

Department of Finance (Canada) Releases Significant Draft Tax Legislation

On February 4, 2022, the Department of Finance (Finance) released draft legislation to amend the Income Tax Act (ITA) and the Excise Tax Act (ETA). Much of the draft legislation implements some of the significant business tax...more

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