Tax Tax

New CRA guidance on input tax credit allocation methods for financial institutions under section 141.02 of the Excise Tax Act

The Canada Revenue Agency recently released new guidance on #inputtaxcredit allocation methods for #financial institutions. In their Osler Update,...

OECD/G20 Inclusive Framework reaches high-level agreement on two-pillar approach to international tax reform

In their Osler Update, authors Patrick Marley, Peter Macdonald, Kaitlin Gray and Taylor Cao comment on the statement by the OECD/G20 Inclusive...

Exchangeable share structures – an overview

Exchangeable share structures have been a fixture in structuring cross-border share exchange mergers and acquisitions involving Canadian corporations...

Amendments to reduce certificate requirements for Alberta limited partnerships now in force

The Amendments also address the applicability of the laws of other jurisdictions to limited partnerships registered as extra-provincial limited...

G7 Finance Ministers back international tax reform (Pillar One and Pillar Two), including introducing a global minimum tax of at least 15%

On June 5, 2021, the Finance Ministers from the G7 group of leading economies (including Canada) committed to the principal design elements for the...

Federal budget briefing 2021

A summary of the significant tax proposals included in Budget 2021. Find out how these tax changes will affect Canadians and Canadian businesses.

Manitoba proposes expanded sales tax collection and remittance requirements in 2021 budget

In its 2021 budget, Manitoba proposed certain changes that will expand the scope of the requirements for businesses to collect and remit Manitoba...

The Supreme Court of Canada upholds the constitutionality of federal carbon pricing legislation

On March 25, 2021, the Supreme Court of Canada released its much-anticipated decision, upholding the constitutionality of the Greenhouse Gas...