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 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 seen...

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Everything You Need to Know About The Butterfly Transaction

Why do we call it a Butterfly Transaction? A butterfly transaction, also known as a corporate reorganization, is a way to divide up assets in a corporation, or a set...

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A Comprehensive Guide to Crypto Tax in Canada

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 a value...

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Everything You Need to Know About CRA Net Worth Audit & Assessment

What is CRA 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 in...

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The Voluntary Disclosure Program (VDP) – A Pathway to Tax Compliance

What is Voluntary Disclosure Program (VDP) The Voluntary Disclosure Program (VDP), specifically the Employee Retention Credit Voluntary Disclosure Program (ERC-VDP), is a temporary initiative by the IRS aimed at addressing...

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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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