Taxation Overview
Our firm deals with all aspects of taxation, including federal and provincial income tax, GST, sales and use taxes, and customs duties. We advise on the tax aspects of the wide range of corporate and commercial transactions that we handle, and we provide advice regarding general corporate and personal tax planning. We also provide tax advice in the areas of estate planning, wills and trusts, real estate and litigation. Our experience includes related international tax matters, and negotiating compliance matters with Revenue Canada and other tax authorities. We assist clients who are undergoing tax assessments and re-assessments, and we prepare and conduct appeals in matters involving reassessments.
- Income Tax
- Goods and Services Tax
- Sales and Commodity Tax
- Estate Planning
- Family Trusts
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Tax Planning Strategies: Why Consider Incorporation?
Where an individual does not incorporate a family farm business, the $750,000 capital gains exemption is still available to the individual or a family trust upon sale of the business, provided the assets satisfy certain criteria that relate to the type of property, its ownership and use. Read more...
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The Supreme Court Changes the Landscape of Banking and First Nations
Outside the Supreme Court of Canada, after arguing in the appeal of the Bastien and Dube cases, I was approached by a member of the gallery and asked how important these cases were. Having only a brief moment before the fellow's taxicab shuttled him away into the bustle of downtown Ottawa, I responded in full sophisticated legalese: "pretty darn important". Read more...
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Aggressive Tax Planning
Tax planning is the process of structuring one’s affairs in order to defer, reduce or even eliminate the amount of tax payable to the government. We are allowed to arrange our affairs to minimize our income taxes as long as it is done in accordance with the provisions of the Income Tax Act (ITA). The ITA contains provisions intended to limit overly aggressive tax plans and the Canada Revenue Agency (CRA) even has a separate Aggressive Tax Planning Division tasked with ferreting out those plans or business structures that they consider to be off limits. However, these limits are often difficult to discern, leaving taxpayers and their advisors wondering: how aggressive is too aggressive?. Read more...
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SR&ED Update: Accounting & Legal Strategies November 23, 2012 3:50 pm
Join us for a comprehensive presentation on SR&ED credits. During this two hour seminar our speakers will take you through the planning process of applying for a SR&ED Tax Credit, how the 2012 Federal Budget will impact SR&ED claims, and steps you can take to improve your chances of success. Occasionally, SR&ED claims are rejected for a variety of reasons. We'll also discuss what to do if the claim is rejected, determine if the CRA is has erred in reviewing the claim, and how to use expert witnesses to support your claim. The seminar is ideally suited for business owners, executives including Chief Financial Officers and Vice-Presidents of Finance, Controllers and other in-house accounting department staff, in-house counsel, in-house tax department staff, and engineers involved with SR&ED. Read more...
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Compliance Day November 14, 2012 7:30 am to 5:00 pm
You are invited to the TDS Law Compliance Day™, a full day event for you to learn about various legal compliance issues, including in the areas of human resources, tax, the environment, business immigration and the internet. All businesses must be compliant with law; otherwise they may find the regulators come calling. Seating for this event is limited, so please register early. This event is ideal for people in the following positions within your organization. If you are unable to attend, please pass along the invitation. Read more...
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Doing Business in Canada October 10, 2012 12:00 pm to 1:30 pm
TDS Law is pleased to be a gold sponsor of Centrallia for another year. As part of our commitment to this conference we are hosting our seminar, Doing Business in Canada, for the 2nd year. This seminar is an official Centrallia scheduled event. Expanding your business within Canada, or into Canada can present excellent growth opportunities, but what you do not know can hurt your chances of success. TDS Law will be hosting a panel to discuss issues related to Business Immigration, Corporate and Personal Tax, Labour and Employment and the benefits of various corporate structure options. Read more...
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