Tax Question: I am considering purchasing shares of a business, what kind of investigative steps should I take? Facts: If you are considering purchasing a business, there are due diligence procedures you should take to ensure you are making an educated decision. Discussion: Buying shares in a private corporation is a big decision and you […]
Key issues for senior life sciences executives Deciding whether to proceed with litigation or to forgo or settle an infringement claim requires that a broad number of factors be carefully weighed By Brad Jenkins, J Bradley Whiteand Vincent de Grandpré, Osler Hoskin & Harcourt LLP To read the full article please follow the link below. […]
Do you have a will? Read on to see why you should have a will and information on the new legistlation for wills that came into effect earlier this year. Tax Question: What are the new rules for wills and why do I need a will? Facts: The new Wills and Estates Succession Act (WESA) […]
Tax Question:How do I submit documents to Canada Revenue Agency (CRA) electronically? Facts: CRA routinely audits taxpayers and requests specific documents. Historically, a taxpayer would have to send in the documents by mail or fax to CRA’s tax office. CRA is now offering some taxpayers the ability to submit documents electronically through their secure online […]
In nearly identical decisions released on May 27, 2014, Sandoz Canada Inc v Canada, 2014 FC 501 (Sandoz) andratiopharm Inc v Canada, 2014 FC 502 (ratiopharm), the Federal Court of Canada held that some licensees of patents relating to medicines are not subject to the jurisdiction of the Patented Medicines Prices Review Board (PMPRB or Board), including its powers to […]
International Referral, the world’s largest exclusive network of advisory firms is delighted to introduce Grant Gilmour of Gilmour Knotts Inc. Grant has joined IR as our exclusive Accounting Services member in Canada West. Grant Gilmour is the founding partner of Gilmour Knotts Chartered Accountants. The company was formed in 1994 and now consists of two partners, Grant Gilmour […]
Tax Question: Top five common Corporate Income Tax issues faced by clients: Management Fees Handled Poorly. Facts:Charging management fees is one process of transferring income between commonly related corporations. Although simple in concept we often see it executed poorly. Discussion: There are a couple of reasons for moving profits from one corporation to another: the […]
Business people reading about a free trade deal might wonder if that means a free tax deal. We as business people tend to think of tax and trade together. Every business decision involves a cost benefit analysis and if trade is a benefit then the balancing cost we consider is tax. If we trade more does that mean […]
Most business owners have an idea of what a treaty is. They understand from a top level that it is an agreement between two or more countries regarding things like international borders, trade between the countries, and tax on residents of the countries. Business owners might think of treaties as largely academic documents that will not affect their […]
Tax Question: What are tax treaties? Facts: Canada has tax agreements with many countries which are commonly known as tax treaties. A tax treaty is designed to avoid double taxation for corporations and individuals who would otherwise pay taxes on the same income in two countries. As of May 2014, Canada has 92 tax treaties in force, 4 […]
Tax Question:What is regulation 105 withholding tax and what are the tax implications? Facts: A Regulation 105 withholding tax is a flat rate tax that must be withheld and remitted to Canada Revenue by a Canadian Corporation paying for services, fees, commissions or making other payments from a foreign entity who provides such services or work in Canada. Regulation […]
Managing Intellectual Property has presented its annual ranking of the world’s leading copyright firms, “as the area grows in importance globally,” it states. The publication is well-recognized internationally as a highly respected source of news and analysis on IP developments worldwide. Osler’s copyright practice has received Tier 1 ranking in Canada in Managing Intellectual Property’s World IP Survey […]