Tax
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April 16, 2024
Energy program not attempt to tax through regulation, Ontario Court of Appeal says
Ontario’s top court has turned back a challenge of the province’s feed-in-tariff (FIT) renewable electricity procurement program, ruling it was brought in for a proper regulatory purpose and was not an attempt to tax through regulation.
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April 15, 2024
Court gives guidance on whether condo unit sale subject to GST
On March 15, the Tax Court of Canada in 1351231 Ontario Inc v. The King, 2024 TCC 37 was tasked with deciding whether the sale of a condominium unit was subject to GST pursuant to Division II of the Excise Tax Act, R.S.C. 1985, C. E-15 (the Act). In sum, the court found that GST/HST was collectible on the sale of a condominium that was leased under a number of short-term leases through the Airbnb platform.
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April 15, 2024
Property buying, money laundering: An overview
Property buying and money laundering are two interconnected issues that have garnered significant attention in recent years. Money laundering is the process of converting illicit funds, obtained through illegal activities, into seemingly legitimate assets. Property transactions, particularly real estate, have become a popular method for money launderers to clean their illegal funds. This essay will explore the relationship between property buying and money laundering, the methods used in laundering and the steps taken to combat this issue.
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April 12, 2024
Court approves reverse vesting order sale of businesses in receivership despite Crown objections
The B.C. Supreme Court has approved the sale of two insolvent businesses through a reverse vesting order (RVO) to allow the buyer to acquire them free and clear of their liabilities, finding that the RVO structure left no stakeholder worse off than they would be otherwise.
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April 11, 2024
Ottawa unveils affordability measures to aid ‘first-time’ homebuyers, mortgage-strapped owners
The Trudeau government is proposing measures aimed at assisting “first-time” buyers to save for a home as well as helping cash-strapped owners hang on to their mortgaged homes.
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April 11, 2024
Lawyers concerned about retroactive effect, application of proposed B.C. home-flipping tax
British Columbia has announced a plan to bring in a home-flipping tax as a means of increasing the number of affordable homes in the province, but lawyers are raising concerns about the tax’s retroactive effect and the fact it applies to beneficial owners rather than legal ones.
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April 11, 2024
B.C. introduces legislation on legal profession reform; law society, bar association opposed
The B.C. government has unveiled long-promised legislation to bring lawyers, paralegals and notaries under the umbrella of one regulator. But the provincial law society and bar association have both come out swinging against the proposals, saying they would erode the independence of the legal profession.
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April 11, 2024
Langlois welcomes new tax lawyer
Tax lawyer Lucas Richard-Gérard recently joined the business law group at Langlois Lawyers, the firm announced on its website.
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April 11, 2024
Where money laundering meets intellectual property
In the rapidly evolving digital landscape of the 21st century, the concept of intellectual property (IP) has become increasingly significant. With advancements in technology and the growth of the global economy, the protection and enforcement of IP rights have become more crucial than ever.
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April 10, 2024
New partner announced at Henein Hutchison
Brian Studniberg was recently promoted to partner at Henein Hutchison Robitaille LLP, a news release from the firm announced.