Featured Posts

Employee Ownership Trust Update – Federal Budget 2024

The 2024 federal budget provides additional details on the $10 million exemption from taxation on capital gains realized on the sale of a business to an Employee Ownership Trust (“EOT”) that were not included in the 2023 Fall Economic Statement or Bill C-59.

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Featured Posts

Capital Dividend Election Trap

There has been a lot of coverage in the media lately about the Federal Government changing the inclusion rate for capital gains (the part of a capital gain that is taxed) from 50% to 66.7%.

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Featured Posts

What is GAAR?

GAAR stands for the General Anti-Avoidance Rule. The GAAR rules were added to the Income Tax Act (“the Act”) in 1988 to prevent abusive tax avoidance transactions while not interfering with legitimate transactions.

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