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Act Now for Intergenerational Transfers – Bill C-208 Amendments to Section 84.1

There is still a window of opportunity for tax savings when transferring a business to a corporation owned by your child or grandchild and being allowed to claim the lifetime capital gains exemption before amendments are proposed to Bill C-208. Bill C-208 is a private member sponsored bill that allows small business owners to claim…

Global Minimum Tax Set at 15% Targets Digital Companies

International tax reorganization will now need to contend with a global minimum tax rate.  Globalization and digitalization have facilitated legal tax avoidance by allowing multi-national enterprises (MNE) to shift profits to low or no tax jurisdictions. This has impacted domestic tax revenues for G20 and OECD member countries. In response, the G20 and OECD member…