<p>As a result of recent events focussing the public spotlight on international tax compliance issues we anticipate increased scrutiny by international revenue agencies, including the Canada Revenue Agency (CRA), of offshore holdings and accounts. CRA’s Voluntary Disclosures Program (VDP) may provide some taxpayers with relief. The VDP gives taxpayers the opportunity to apply to the

<p>&nbsp;</p> <p>Today, the Province of Nova Scotia tabled its 2013 Budget.  <a href="http://www.novascotia.ca/finance/en/home/budget/default.aspx" target="_blank">Click here</a> to read NS’s  “Balanced Budget 2013-14”. </p> <p>&nbsp;</p> <p>On March 27, 2013, PEI. tabled its 2013 budget.  <a href="http://www.gov.pe.ca/budget/" target="_blank">Click here</a> to read PEI’s 2013 budget and related documents.</p> <p>&nbsp;</p> <p>On March 26, 2013, NB tabled its 2013 budget.  <a href="http://www.gnb.ca/0160/budget/buddoc2013/index-e.asp"

<h4><strong>NB AND NL TABLE 2013 PROVINCIAL BUDGETS</strong></h4> <p>Today, the Provinces of New Brunswick and Newfoundland and Labrador tabled their budgets.</p> <p>&nbsp;</p> <p><a href="http://www.gnb.ca/0160/budget/buddoc2013/index-e.asp" target="_blank">Click here</a> to read NB's 2013 – 2014 budget, "Managing Smarter for a Brighter Future", and related documents.</p> <p>&nbsp;</p> <p><a href="http://www.budget.gov.nl.ca/budget2013/" target="_blank">Click here</a> to read NL's "Budget 2013: A Sound Plan, A Secure

<p>The Economic Action Plan 2013, entitled Jobs, Growth and Long-Term Prosperity was released today by the Department of Finance.  The projected federal deficit for 2012-2013 is $25.9B, with the government reaffirming its commitment to reducing this deficit in each of the next two fiscal years before returning to a balanced budget in 2015-2016 as previously

<p>Our Tax Team will be in lock-up analyzing the budget's key business highlights and what they mean to you. Watch here for our analysis of the 2013 Federal Budget to be published on Budget Night.</p> <p>&nbsp;</p> <p><a href="http://www.mcinnescooper.com/publications/legal-alert-2013-economic-action-plan-%e2%80%93-jobs-growth-and-long-term-prosperity/" target="_blank">Click here</a> to read our full analysis.</p>

<p>On January 23, 2013 a majority of the United Kingdom Supreme Court determined the legal advice that chartered accountants provide to clients is not protected by legal advice privilege. The same advice, given to the same client – but by that client’s lawyer – would be privileged. The decision corresponds with Canadian law, under which there

<p>&nbsp;</p> <p>On January 23, 2013, a majority of the United Kingdom Supreme Court decided that communications between chartered accountants and their clients in connection with the accountant’s expert tax advice are not protected by Legal Advice Privilege. This is the case even in circumstances where there is no doubt that those same communications would be protected by

<p><strong>BUDGET SUMMARY</strong></p> <p>&nbsp;</p> <p>The Economic Action Plan 2012 (“Budget 2012”) released today by the Department of Finance reaffirms the Government’s commitment to continue exploring whether new rules for the taxation of corporate groups could improve how the corporate tax system functions.</p> <p>&nbsp;</p> <p>A new system for the taxation of corporate groups means a fundamental change

In a unanimous decision rendered by Justice Rothstein, the Supreme Court of Canada today dismissed the appeal of Copthorne Holdings Limited, applying the General Anti Avoidance Rule (“GAAR”). While confirming the result reached in this case by the Tax Court of Canada and the Federal Court of Appeal, the Supreme Court provided further systematic analysis

On April 19, 2011, the Honourable Tom Marshall, minister of finance and president of the treasury board, presented Budget 2011 – Standing Strong: For Prosperity. For our Future. For Newfoundland and Labrador. In the Budget, the minister estimates a surplus of $485 million for 2010-2011, largely as a result of high crude oil prices and

On April 5, 2011, the Nova Scotia Minister of Finance, the Honourable Graham Steele, presented the 2011-2012 Nova Scotia Budget. In this Budget, the Minister focused on the Province’s continued plan for change, which is to decrease the deficit and move towards a balanced budget. As a result, this year’s Budget does not include any

Effective April 1, 2011, the fishing licensing policy for the Atlantic Canada and Quebec inshore fishery will change to allow inshore fishing licenses to be issued to wholly owned corporations, the Minister of Fisheries and Oceans announced recently. This change is significant, as previously inshore fishing licenses were only issued in the name of individuals

The New Brunswick Budget, tabled on March 22, contained some good news for business owners and individuals. The previously announced reduction in the provincial general corporate tax rate from 11.5% to 10% on July 1, 2011 and the reduction in the provincial small business tax rate from 5% to 4.5% effective January 1, 2012 have

<p>The newly formed Pro Bono Tax Advocacy Project, consisting of a partnership between law students at the Schulich School of Law, Dalhousie University, and law firm McInnes Cooper, is hosting its first Tax Education Seminar <strong>March 26, 2013 at 6pm</strong> at the Law School.</p> <p>&nbsp;</p> <p>The topic of the presentation is "Understanding your Notice of

<p>Jessica Lyle, Associate in our Halifax office, is a guest on<em> CBC Maritime Noon </em>on January 22, 2013. She discussed tips on estate planning and developing a will and took calls from listeners. <em> CBC Maritime Noon</em> is a one-hour radio program devoted to developing stories in the region.</p> <p>&nbsp;</p> <p>Jessica practices in the area of Estates and Trust Planning.</p> <p>&nbsp;</p> <p>&nbsp;</p>