Monthly Archives: March 2008

Tax-Free Savings Accounts

Posted on March 29, 2008 by John Loukidelis

The CRA has taken to posting answers to frequently-asked questions about government goodies (aka Easter eggs hidden in the Income Tax Act). It has posted a useful guide to the new tax-free savings account proposed in the last budget.

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Non-compete case

Posted on March 29, 2008 by John Loukidelis

RCI Environnement Inc.(Centres de Transbordement et de Valorisation Nord-Sud Inc.) c. La Reine, 2007 CCI 647, is an interesting case on non-competes. CCH has translated the decision into English.

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Budget Bill II

Posted on March 27, 2008 by John Loukidelis

Ahem. Apparently the text of the budget bill—Bill C-50—has been on the LEGISINFO website for some time. In addition to the text of the Bill, you can find an RSS feed for the Bill’s status at its homepage.

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Budget bill

Posted on March 14, 2008 by John Loukidelis

From a Finance press release issued today: The Honourable Jim Flaherty, Minister of Finance, today introduced legislation in the House of Commons to implement key measures from Budget 2008. The bill also includes language to protect the Government’s fiscal plan … Continue reading →

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Information Returns

Posted on March 12, 2008 by John Loukidelis

In early January, I reported that “the Ministry of Government and Consumer Services (the “MGCS”) and the CRA are working to integrate the information return with the new single tax return.” On Monday, the MGCS issued a notice stating that … Continue reading →

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Budget legislation

Posted on March 11, 2008 by John Loukidelis

The following was just posted to the Finance website: Federal Government Moves to Strengthen Canada’s Tax Advantage and Protect the Fiscal Framework.

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RESPs

Posted on March 7, 2008 by John Loukidelis

A number of news outlets are carrying stories today about the private member’s bill on the deductibility of RESP contributions. The bill in question is C-253, and you can find the text of the bill here.

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Revocation

Posted on March 5, 2008 by John Loukidelis

The following is an extract from a press release posted on the CRA’s website today: The Canada Revenue Agency (CRA) has revoked the registered charity status of the Francis Jude Wilson Foundation, a Montreal-area charity. This revocation was effective February … Continue reading →

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

Notes on a Price Adjustment Clause

Posted on March 3, 2008 by John Loukidelis

The following article will appear in the next edition of the HLA Journal. Almost every tax-driven reorganization requires the lawyer implementing it to draft a price adjustment clause (a “PAC”). Most lawyers will have their favourite precedent for such a … Continue reading →

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