Thorsteinssons LLP | Canada | 28 Feb 2024
Tax and industry professionals have been waiting for the Federal Court of Appeal (the “FCA”) to issue its decision in Glencore Canada Corporation v R…
Thorsteinssons LLP | Canada | 27 Feb 2024
On February 22, 2024, the British Columbia Minister of Finance tabled the province’s 2024 budget. The 2024 budget contains a number of notable tax…
Thorsteinssons LLP | Canada | 12 Feb 2024
In Gestion M.-A. Roy Inc. c Canada (2024 FCA 16), the Federal Court of Appeal agreed with the Tax Court that the corporate holders of two life…
Thorsteinssons LLP | Canada | 2 Feb 2024
The CRA has released an FAQ page regarding the new reporting rules in respect of trusts for taxation years ending on or after December 31, 2023. As…
Thorsteinssons LLP | Canada | 30 Jan 2024
Vancouver homeowners are reminded to file their Empty Homes Tax declaration for the 2023 year by February 2, 2024. Failure to file the declaration by…
Thorsteinssons LLP | Canada | 9 Jan 2024
The Department of Finance first publicly announced an intention to modify the general anti-avoidance rule (the “GAAR”), found in section 245 of the…
Thorsteinssons LLP | Canada | 9 Jan 2024
On December 20, 2023, the Federal Court released a Notice to the Parties and the Profession on the use of Artificial Intelligence (AI). The Notice…
Thorsteinssons LLP | Canada | 28 Dec 2023
On December 14, 2023, the Department of Finance released draft regulations (the “Regulations”) intended to clarify the enhanced 100% GST rebate for…
Thorsteinssons LLP | Canada | 15 Dec 2023
A recent decision from the British Columbia Supreme Court (“BCSC”), AF2G Investments Inc. v. Minister of Finance (BC), 2023 BCSC 2133, provided…