Subsection 50(1) Election
April 26, 2020Subsection 50(1) Election Tax Relief on Losses with Bad Debts, Defunct Shares and Bankrupt Corporations As investors, there may be times when you hold shares or debt of a company
As a director, can I be held liable for my corporation’s taxes?
April 26, 2020As a director, can I be held liable for my corporation’s taxes? Directors of Canadian corporations can be held jointly and severally liable for some Canadian tax along with their
Offers to Lease
April 23, 2020Offers to Lease If you have identified a potential location to start your business or open a new location for your existing business, you will likely be asked to sign
Increasing Share Capital of a Corporation
April 13, 2020Increasing Share Capital of a Corporation A discussion of shareholder agreements and shares is not complete without a discussion on how to increase the share capital of a corporation. There
What are the Types of Shares That Can be Issued in a Corporation?
April 13, 2020Types of Shares in a Corporation To appreciate the different types of shareholders’ agreements that can be drawn, one must understand the different types of shares that can be issued
Critical Shareholder Clauses to Include in a Shareholder Agreement
April 13, 2020Important Shareholder Agreement Clauses Any good shareholder agreement must protect the interests of the shareholders that are party to the agreement with shareholder agreement clauses. Looking ahead to probable and
Tax Free Inter-Corporate Dividends
April 13, 2020Tax Free Inter-Corporate Dividends Dividends are distributions of a company’s assets to one or more classes of shareholders proportional to the shares owned. This commonly involves distributions of profits held
COVID-19: Force Majeure – Can I Get Out of My Commercial Lease Agreement?
March 24, 2020Force Majeure – Can I Get Out of My Commercial Lease Agreement? The answer to this question turns, in large part, on the exact wording of the clause itself. Force
Purchasing a business? Consider a holdback
March 17, 2020Purchasing a business? Consider a holdback Purchasers face the issue of asymmetric information when buying a business. Extensive due diligence will help fill in the gaps in knowledge and minimize
Tax Laws & Partnerships: How You Structure Your Business Matters
January 12, 2020Tax Laws & Partnerships: How You Structure Your Business Matters Are you in a partnership and wondering whether the obligation to pay taxes falls on the individual, i.e. the partner,
