Monthly Archives: December 2005

Medical/Dental PC Regulation Released

Posted on December 20, 2005 by John Loukidelis

Yesterday, Ontario published the regulation that prescribes who can own shares of professional corporations (PCs) controlled by doctors and dentists — see Ontario Regulation 665/05 under the Business Corporations Act (Ontario).

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Cautionary Tale

Posted on December 19, 2005 by John Loukidelis

Rajah v. The Queen, 2005 TCC 637 is not a case that breaks new ground, legally, but it serves as a useful reminder — expressed with the usual clarity and concision that one finds in Mr Justice Bonner’s decisions — … Continue reading →

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Update on Medical/Dental PCs

Posted on December 17, 2005 by John Loukidelis

Bill 197, “An Act to Implement Budget Measures”, received Royal Assent last Monday. As a result, after 2005 the Lieutenant Governor in Council can make regulations that will permit the family members of doctors and dentists to hold shares of … Continue reading →

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Set-back for Donation Tax Shelters

Posted on December 15, 2005 by John Loukidelis

Over the last decade or so, thousands have reduced their tax bills by millions of dollars by purchasing prints, paintings, comic books, medical supplies and other items at one price and then donating the items to a charity at another, … Continue reading →

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Relief for Charities?

Posted on December 8, 2005 by John Loukidelis

Some time ago, I wrote about proposed subsection 248(40), which would have required charities to make inquiries about the circumstances surrounding a gift where the eligible amount of the gift exceeded $5,000. It appears that Finance might withdraw the proposed … Continue reading →

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