Monthly Archives: March 2006

Paid-up Capital Traps

Posted on March 31, 2006 by John Loukidelis

According to the Income Tax Act (Canada) (the “Act”), when computing paid-up capital (“PUC”) for tax purposes, one must begin with “an amount equal to the paid-up capital in respect of that class of shares at the particular time, computed … Continue reading →

Posted in Corporations | Leave a comment

Good news for CAs

Posted on March 28, 2006 by John Loukidelis

Here is some good news for accountants from last week’s provincial budget: a chartered accountant’s professional corporation will be able to become a member of a limited liability partnership.

Posted in Individuals, Miscellaneous | Leave a comment

CRA Charities Newsletter No. 26

Posted on March 16, 2006 by John Loukidelis

The CRA recently released Registered Charities Newsletter No. 26. The newsletter contains an interesting discussion of the legal meaning of words like “may”, “shall” and “deemed”. It also has a useful table setting out the period of time for which … Continue reading →

Posted in Charities and Not-for-Profits | Leave a comment

List of Canadian legal blogs

Posted on March 3, 2006 by John Loukidelis

Blogging is so popular that even lawyers are doing it! Steve Matthews, the Knowledge Services Director at Clark Wilson LLP in Vancouver, has created a list of legal blogs (“blawgs”) in Canada, which you can find here.

Posted in Miscellaneous | Leave a comment