Death and Taxes May Be Inevitable…

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… but Does It Have to Be So Complicated? By: Adam Aptowitzer We have written before (several times in fact) of the great untapped potential in the donation of shares of private companies to charity. That there is great value in private companies is evident in their title as the engine of our economy. And the opportunity for capitalizing (if you’ll pardon the tax pun) on these assets lies with the turnover of assets that is occurring as the baby boomer generation prepares their affairs…

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Guindon Case on Section 163.2 Penalties Headed to Supreme Court

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By: Alexandra Tzannidakis  The Supreme Court of Canada has granted Julie Guindon leave to appeal from a Federal Court of Appeal decision that held section 163.2 penalties against tax advisers are not “penal” and therefore do not attract section 11 Charter rights. Our readers may recall that we have written about this important case in the past.[1]  Ms. Guindon was assessed penalties amounting to $564,747 under section 163.2 of the Income Tax Act on the basis that she knew or would have known but for…

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