Should I practice through a professional corporation?
There are many benefits associated with incorporating a professional corporation, including lower corporate tax rates, investment and tax strategies, and planning for retirement. Professionals are advised to seek legal and accounting advice in order to determine whether incorporation is appr…
View the post titled Should I practice through a professional corporation?Citizen suits against the government for GHG emissions
Numerous climate change actions have been brought against governmental entities globally within the past decade with increasing frequency. In Canada, three actions have been brought against the Canadian government within the past three years for insufficient action to reduce greenhouse gas e…
View the post titled Citizen suits against the government for GHG emissionsUnderstanding the differences between GDPR, CCPA, and PIPEDA – a guide for Canadian businesses
Gone are days of unregulated and untethered data gathering. With the rolling out of the California Consumer Privacy Act, Canadian businesses are now finding themselves navigating a sea awash with a patchwork of extraterritorial legislation. The laws are sometimes inconsistent, often vague, a…
View the post titled Understanding the differences between GDPR, CCPA, and PIPEDA – a guide for Canadian businessesEstablishing a medicine professional corporation: Who is permitted to own shares?
The Regulated Health Professions Act allows medical professionals to establish a corporation for the purpose of practicing medicine. Creating a Medicine Professional Corporation (MPC) may be financially beneficial for physicians since the tax rate of the corporation is much lower compared to…
View the post titled Establishing a medicine professional corporation: Who is permitted to own shares?Coming up in 2020: Canada’s first public Bitcoin fund
This year is going to be a Happy New Year for The BitCoin Fund (the “Fund”), whose final prospectus was approved by the Ontario Securities Commission (OSC). It is the first public bitcoin fund to be cleared by any Canadian securities regulator. The Bitcoin Fund is a public investment trust …
View the post titled Coming up in 2020: Canada’s first public Bitcoin fundLifetime Benefit Trusts
On death, RRSPs and RRIFs belonging to the deceased are deemed to have been included in the deceased income immediately before death and are taxed on their full market value as of the date of death. Created by s. 60.011 of the Income Tax Act, a Lifetime Benefit Trust (“LBT”) allows the rollo…
View the post titled Lifetime Benefit TrustsExpanded tax on split income (TOSI) rules for professionals
Many professionals choose to incorporate a professional corporation to take advantage of the various tax benefits of doing so. Professionals, such as physicians and dentists, who are permitted to include family members[1] as shareholders, have historically been able to benefit from income s…
View the post titled Expanded tax on split income (TOSI) rules for professionalsEmployment law: 2019 year in review
Another year is winding to an end – which, of course, means that it’s time to reflect on the legal developments that we have seen in Ontario during the year. In this blog, I will present my non-exhaustive list of the most interesting developments to employment law in Ontario in 2019. Termina…
View the post titled Employment law: 2019 year in review12 years later – have things changed?
Approximately 12 years ago the Nobel Peace Prize was equally shared between the Intergovernmental Panel on Climate Change (IPCC) and Al Gore “for their efforts to build up and disseminate greater knowledge about man-made climate change, and to lay the foundations for the measures that are ne…
View the post titled 12 years later – have things changed?Advantages and disadvantages of franchising your business
If you’re reading this article, you’re probably considering franchising as a method of expansion for your business. You might be considering franchising as a result of your own research into expansion options for your business, or (as is often the case) you might be considering franchising b…
View the post titled Advantages and disadvantages of franchising your businessReceive Blog Posts
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