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Results: 1-10 of 23

The 2014 Canadian federal Budget and financial services

  • Borden Ladner Gervais LLP
  • -
  • Canada
  • -
  • February 13 2014

The 2014 Budget of the Government of Canada includes a number of significant financial sector policy initiatives of interest to financial

Life insurance policy: how to extract funds from a corporation with no tax impact

  • Lavery de Billy LLP
  • -
  • Canada
  • -
  • June 6 2013

Individual shareholders who wish to withdraw funds from a corporation can face some tax challenges that are sometimes difficult to overcome

Information-gathering and tax audits by a revenue authority could there be an ulterior purpose?

  • DLA Cliffe Dekker Hofmeyr
  • -
  • Canada
  • -
  • May 10 2013

The Canadian Federal Court of Appeal's (FCA) recent judgment in MNR v RBC Life Insurance Co, 2013 FCA 50 (decided on 21 February 2013) condemned the

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

  • Fasken Martineau DuMoulin LLP
  • -
  • Canada
  • -
  • April 30 2013

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

Budget 2013 a new federal consumer code

  • McCarthy Tétrault LLP
  • -
  • Canada
  • -
  • March 22 2013

As part of its 2013 Budget tabled in Parliament yesterday, the federal government has indicated its intention to develop a "comprehensive financial

Revenue Minister can't use audit to "chill" business

  • Borden Ladner Gervais LLP
  • -
  • Canada
  • -
  • March 13 2013

In MNR v. RBC Life Insurance Company et al., 2013 FCA 50, the Federal Court of Appeal held that the Minister of National Revenue could not use her

2012 so far: Bill C-45 and amendments to financial services legislation

  • Blake Cassels & Graydon LLP
  • -
  • Canada
  • -
  • November 13 2012

On October 18, 2012, the Honourable Jim Flaherty, Minister of Finance, introduced in Parliament the Jobs and Growth Act, 2012 (Bill C-45), the second omnibus legislation in 2012 implementing the provisions of the federal Budget tabled on March 29, 2012

Commentary on October 24, 2012 Notice of Ways and Means Motion relating to tax matters - insurance corporations

  • Osler Hoskin & Harcourt LLP
  • -
  • Canada
  • -
  • November 1 2012

Except with respect to one proposal in respect of policy reserves for segregated life insurance policies, most of the changes to section 138 of the Act and Part XIV of the Income Tax Regulations are clarifying changes or changes made to repeal obsolete provisions

Manitoba introduces retail sales tax on insurance contracts

  • Cassels Brock & Blackwell LLP
  • -
  • Canada
  • -
  • October 23 2012

The province of Manitoba recently enacted legislation imposing a 7 retail sales tax on premiums payable on taxable insurance contracts, effective as of July 15, 2012

Doing business in Canada

  • Gowling Lafleur Henderson LLP
  • -
  • Canada
  • -
  • September 17 2012

Unlike the United States, Canada was not created by a unilateral declaration of independence from the colonial occupation of England