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New tax measures relating to trusts

  • Fasken Martineau DuMoulin LLP
  • -
  • Canada
  • -
  • April 23 2012

In tabling the 2012 Budget, the Québec Minister of Finance Raymond Bachand announced three measures regarding the taxation of trusts

CRA target high net worth individuals

  • Fasken Martineau DuMoulin LLP
  • -
  • Canada
  • -
  • August 29 2011

Tax administration is going global and international cooperation is increasing as revenue authorities develop strategies to counter abusive tax planning

Utilization and preservation of tax losses

  • Fasken Martineau DuMoulin LLP
  • -
  • Canada
  • -
  • April 28 2009

The effective use and preservation of Canadian tax losses is a crucial element of personal and corporate tax planning, particularly in a context of financial crisis

Transactions to minimize the tax implications of the twenty-one-year rule for trusts

  • Fasken Martineau DuMoulin LLP
  • -
  • Canada
  • -
  • April 27 2009

For income tax purposes, trusts are generally deemed to dispose of their capital property every 21 years following their creation, resulting in the realization of accrual gains and losses