Tag archives: Canadian tax law

Tax competition is coming – review of the Federal Fall Economic Update

By Carl Deeprose (Toronto) on December 27, 2018 Posted in Tax

On November 20, 2018, the federal Government of Canada released their Fall Economic Update – a review of the country’s finances and economic health that addresses trends and changes taking place in Canada and the world since the federal Budget in the spring. Of particular note in 2018 was the anticipated response to the U.S. … Continue reading

Excess cash, excess tax – what’s on your balance sheet?

By Troy Ungerman (Toronto) on August 23, 2018 Posted in Tax

Canadian federal income tax law provides numerous benefits to companies that engage in an “active business”. Whether a particular endeavour undertaken is an “active business” is, of course, a question of fact and depends on individual circumstances. Some scenarios are clearly those of an “active business”, such as the case of manufacturing and production, retail, … Continue reading