The Oppression Remedy: Safeguarding Minority Shareholders in Ontario’s Legal Framework

The oppression remedy is a significant legal mechanism available under Ontario's legal system, designed to protect the interests of shareholders and stakeholders in a corporation from actions that are deemed...

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The Section 85 Rollover

Section 85 Rollover Overview Section 85 of the Income Tax Act (ITA) is an important tax planning tool that allows corporations to defer taxation in certain transactions that are often...

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The Butterfly Transaction

Why do we call it a Butterfly? A butterfly transaction is a way to divide up assets in a corporation, or a set of corporations, in a tax-efficient manner under...

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Cryptocurrency

The Basics In 2009, the first decentralized cryptocurrency, bitcoin, was created as open-source software. A little over a decade later, the cryptocurrency economy has exploded onto the world stage, with...

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Net Worth Audit

What is a Net Worth Audit? The Net Worth Audit is a method used by the Canada Revenue Agency (“CRA”) to calculate a taxpayer’s income based on the increases to...

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The Voluntary Disclosure Program

  The Scenario Earlier this year, I met with a client who had immigrated to Canada some ten or so years ago. As is often the case for many immigrants,...

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Do you need a shareholder agreement?

What is a shareholder agreement? When two or more individuals start or own a corporation together, there are many risks and unforeseen situations that can occur. Therefore, it is common...

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