Tax
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December 08, 2025
Taxpayer attempts to ‘sidestep’ the arm’s-length stipulation establishing control
In Canada, stock options are taxed at essentially the same rate as capital gains. The similarity to the capital gains rate is achieved through a 50 per cent deduction of the amount of options from a taxpayer’s taxable income. According to para. 110(1)(d) of the Income Tax Act, R.S.C., 1985, c. 1 (5th Supp.) (ITA), if a taxpayer receives stock options, the deduction may apply.
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December 08, 2025
Quebec’s young lawyers are suffering psychological distress, report reveals
More than 60 per cent of Quebec lawyers with fewer than 10 years of experience suffer from psychological distress, a comprehensive study reveals, painting a disconcerting portrait of young lawyers overwhelmed by stress and struggling with the pressures of billable hours and long workweeks.
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December 05, 2025
Tax Court of Canada expands minister’s power to raise new arguments in appeals
The Tax Court of Canada recently considered the scope of amended subsection 152(9) of the Income Tax Act in Oldcastle Building Products Canada Inc. v. The King, 2025 TCC 107.
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December 04, 2025
CRA lifts moratorium on T4A penalties for trucking sector
The Canada Revenue Agency (CRA) has announced that as of Dec. 4, it has lifted the moratorium on penalties for failing to report fees for services in the trucking sector for the 2025 tax year and subsequent years.
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December 04, 2025
McLennan Ross to promote 5 lawyers to partner in 2026
Elise Cartier, Michelle Fong, Alex MacDonald, Marco Marrelli and Richard Wong will join McLennan Ross LLP’s partnership in 2026, according to the firm.
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December 03, 2025
Sales and excise tax measures in Canada’s 2025 federal budget
The Government of Canada’s long-awaited budget (Budget 2025) includes important sales and excise tax measures — and confirms the government’s intention to proceed with several other measures that had been announced previously.
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December 03, 2025
Navigating continuing powers of attorney for property: Key dos and don’ts
In estate law, when a grantor becomes mentally incapable, a continuing power of attorney for property is the estate planning tool that enables a person (i.e., the attorney) to step into the shoes of the grantor and do everything the grantor could lawfully do, except make a will. An attorney for property owes a fiduciary duty to the grantor and must always act in his or her best interests.
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December 03, 2025
FEDERAL INCOME TAX - Charities - Revocation of registration
Appeal by Priority Foundation from a decision of Minister of National Revenue. The Minister issued a notice of intention to revoke Priority’s registration as a charity.
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December 03, 2025
Success rate for injured applicants at Licence Appeal Tribunal continues to plummet
As a new associate chair with significant political connections is poised to take over, the Licence Appeal Tribunal (LAT) is facing criticism over the plummeting success rate for people injured in auto accidents who are appealing decisions by insurance companies — a success rate that has dropped precipitously to only eight per cent.
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November 27, 2025
Law360 Canada Pulse survey 2025: AI sparks debate on legal industry's future
Canadian lawyers are somewhat split on the impact artificial intelligence will have on their industry, a new Law360 Canada survey shows. According to the 2025 Lawyer Satisfaction Survey — which marks Law360 Canada’s third deep dive into the feelings and thoughts that legal professionals have about their jobs — nearly half of respondents agreed that both the pros and cons of AI are sizable.