SimpsonWigle Law LLP Tax News

Lawyers will be familiar with Hare v. Hare, 2006 CanLII 41650, in which the Ontario Court of Appeal held that the limitation period for a demand note began to run with its delivery not with default, much to the consternation of the Ontario bar. The Ontario legislature moved quickly to amend the Limitations Act, 2002 with retroactive effect to January 1, 2004, so that the limitation period begins to run with default. For a useful summary, see this article in The Lawyer’s Weekly.

I’ve written a short article that provides some tips and tricks for preparing a notice of objection.

An employee of a corporation owns an option to purchase a share in the capital of the corporation. The corporation decides to amend the terms of the option. Does the amendment have any tax consequences? Maybe. (more…)

Unfortunately, with the experience I have working with the CRA, it is only too easy for me to imagine how this might happen: ‘Revenue Canada refuses to pay for million-dollar mistake‘. Wow.

I often send links to clients and colleagues by email, but sometimes the links are extremely long and complicated so that they are broken and unusable when they arrive at their destination. That’s where tinyurl.com comes in handy. “http://www.lawtimesnews.com/Headline-News/Record-$169-million-award-will-raise-the-bar” becomes “http://tinyurl.com/cme92k”, which is much easier to deal with.