Routinely advise clients on the purchase, sale or financing of a business or investment assets.
Prepared and submitted voluntary disclosures to the Canada Revenue Agency on behalf of clients covering a range of tax errors and omissions including, inter alia, failing to report income earned and assets owned outside of Canada, failing to withhold and remit tax as required, failing to file information reporting forms with the Canada Revenue Agency and failing to report interests in offshore trusts and income or capital derived from them.
Acted for numerous families and businesses to plan and implement a butterfly reorganization to divide real estate holdings or business assets between shareholders or among family members.
Acted for clients to plan and implement transactions for succession planning purposes.
Frequently retained to represent clients in audits by the Canada Revenue Agency of family trusts, operating businesses and investment entities.
Frequently retained by clients to advise and implement estate freezes including the settlement of trusts and the reorganization of family businesses including steps to enable the client and the client’s family to benefit from the capital gains exemption and to defer the “death tax” liability on the value of investment holdings.
We advise clients on all matters relating to estate planning including planning and implementing estate plans, preparing wills, trusts (including alter ego trusts and joint partner trusts) and powers of attorney for personal property and for personal care.
Frequently advise clients on estate planning issues where one or more children reside outside of Canada and where the client or spouse is a citizen of the United States of America.
Frequently advise clients with children or grandchildren with special needs.
Frequently retained to advise on tax planning to structure divorce settlements including planning and implementing transactions to divide corporate or real estate assets in a tax-efficient manner.
Regularly represent clients to plan and implement multi-generational estate planning which achieves tax efficiencies and next-generation Family Law Act protection.
Frequently retained in connection with disputes with the Canada Revenue Agency, to advise taxpayers, prepare and file Notices of Objection and/or Notices of Appeal covering a variety of income tax issues including the deductibility of business expenses, the alleged personal use of corporate owned property, the tax treatment of losses, the allocation of income by family trusts to beneficiaries, employee benefits, the treatment of awards, judgments or settlements, the alleged over-contribution to a Tax-Free Savings Account (TFSA) the denial of credits for Scientific Research & Experimental Development, the denial of charitable donation credits for donations of artwork and many other tax disputes.
Have acted for taxpayers to challenge Ontario assessments of Employer Health Tax, Ontario Corporations Tax and sales tax.