Although Tax Day passed on April 18, 2022, for some taxpayers a different type of tax deadline is approaching. Many tax attorneys, like myself, know that June 30, 2022, is the last day on which certain taxpayers who had capital gains in 2021 can defer paying tax on those gains until 2026 by investing them…
From 1 July 2023 the UAE will introduce its first ever federal corporate income tax (CIT), effective across all seven individual Emirates. Most UAE companies have little experience of corporate income taxation but time is now short. What should they expect and how can they prepare? Most non-energy businesses in the UAE have no experience…
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To print this article, all you need is to be registered or login on Mondaq.com. Originally Published by Jewish Foundation of Greater Toronto’s Giving Advice, Spring 2022 edition The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances. Given our…
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What is Bill C-208 and what does it attempt to accomplish? On June 29th, 2021, Bill C-208 (“C-208”) received royal assent and amended section 84.1 and section 55 of the Income Tax Act (“ITA”). The objective of C-208 was, ostensibly, to facilitate fairness in our taxation system – previously, certain intergenerational transfers of small businesses…
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