Articles 2022

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Today

The End of the Line: Remission

  • January 15, 2020
  • Jesse Waslowski

The process for tax remission can be celebrated for its flexibility in addressing unforeseen circumstances that affect specific taxpayers. Making a request for remission should not be overlooked on the appropriate facts.

Student Forum, Taxation Law

Van Steenis – Good Purpose Gone Bad

  • January 15, 2020
  • Sameer Nurmohamed and Emily Wang

On December 5, 2019, the Supreme Court of Canada dismissed the taxpayer’s leave to appeal in Van Steenis v Canada, 2019 FCA 107, an interest deductibility case where the taxpayer borrowed money to purchase mutual fund units, which he did not dispose of, but used returns of capital from those units for personal purchases.

Student Forum, Taxation Law

Proposals to Convert Health and Welfare Trusts to Employee Life and Health Trusts

  • January 14, 2020
  • Hennadiy Kutsenko

This article discusses the proposed amendments to the employee life and health trust regime in the Income Tax Act, introduced on May 27, 2019. The changes to the current regime are outlined, as well as the proposed new rules to facilitate conversions of health and welfare trusts into employee life and health trusts

Student Forum, Taxation Law

Women Lawyers in Tax: Q&A with Kathleen Penny, Partner at Blakes

  • January 14, 2020
  • Rachel Gold

This is the first installment of the OBA Tax Section's Q&A series with women lawyers in tax. The objective of this series is to give insight into the tax law career possibilities and practice areas that women can have, to give advice to junior tax lawyers or students who may be considering tax, and to shine the spotlight on women leaders in the tax profession. In this quarter we feature a Q&A with Kathleen Penny, a well-regarded and brilliant partner at Blake, Cassels & Graydon LLP.

Women Lawyers Forum, Student Forum, Taxation Law

Dividends and Section 160: Kufsky v. The Queen

  • January 08, 2020
  • Devon LaBuik

In Kufsky v. The Queen, the Tax Court of Canada upheld a section 160 tax assessment of a shareholder who received a dividend from a non-arm’s length corporation. This article provides an overview of the case’s key facts and the Court’s decision.

Student Forum, Taxation Law

OBA Tax Section Successfully Petitions for Certified Specialist Program in Tax

  • October 09, 2019
  • John Bassindale

After several years of advocacy on the part of the OBA, the Law Society of Ontario has introduced a Certified Specialist Program for Taxation Law. Read more about the announcement of this prestigious new Certified Specialist Program, the four potential routes to certification for tax lawyers, and where to find more information on becoming a Certified Specialist in Taxation Law.

Student Forum, Taxation Law

2019 Proposed Amendments to Employee Stock Option Tax Rules

  • October 08, 2019
  • Rachel Gold

This article summarizes the proposed changes to the employee stock option rules, introduced in Budget 2019. It will outline the current legislative scheme in the Income Tax Act (the “Act”), discuss the proposed changes including an example to demonstrate the application of the proposals, and recap the CBA/CPA Canada Joint Committee on Taxation’s related submissions.

Student Forum, Taxation Law

Late-Filed Bump Designation Made Outside the Normal Reassessment Period

  • October 08, 2019
  • Seth Lim and Charlie Roy, PwC Law LLP

In a recent view of the CRA (2019-0806761I7), the CRA considered whether a late-filed “bump” designation pursuant to paragraph 88(1)(d) of the Income Tax Act (Canada) on a vertical amalgamation could be made outside the normal reassessment period in relation to a transfer pricing adjustment that was made during the six- or seven-year extended reassessment period. The CRA’s comments provide welcome guidance.

Student Forum, Taxation Law

The “One of the Main Reasons” Test in Subsection 256(2.1) of the Income Tax Act

  • August 12, 2019
  • Margaret Nixon, Stikeman Elliott LLP

Author Margaret Nixon, of Stikeman Elliott LLP, reviews the recent decision of the Tax Court of Canada in Prairielane Holdings Ltd. v. The Queen, 2019 TCC 157. In this case, the Court considers the deemed association rule in subsection 256(2.1) of the Income Tax Act and provides useful guidance on the legal principles that are applicable in determining whether one of the main reasons for the separate existence of two or more corporations is the reduction of tax.

Student Forum, Taxation Law