Panama Papers and Offshore Accounts: Window of Opportunity to Make a Voluntary Disclosure Closing
Canadian residents are required to report worldwide income. Furthermore, Canadian residents are generally required to annually file a special information return for any year that they held, at any time in that year, “specified foreign property” that had a cost exceeding $100,000. A failure to report such income or file any such return makes the Canadian resident liable to significant penalties (for which interest accrues daily) and potentially open to criminal prosecution.
WeirFoulds Represents Honeywell in the Acquisition of COM DEV International’s Space Hardware and Systems Business
On Thursday, February 4, 2016, Honeywell (NYSE:HON) completed the previously announced acquisition by plan of arrangement of COM DEV International Ltd. (TSX:CDV), a leading satellite and space components provider of switches and multiplexers.
Energy/Tax Law Update 2015
The 2015 Ontario Budget, released on April 23, includes proposed measures that are intended to set the stage for consolidation within Ontario’s electricity distribution sector. At a high level, the measures are a limited-duration reduction of barriers to private sector investment in municipally owned electricity utilities (MEUs).
International Tax Law Update 2015
Yesterday afternoon, the Canadian government tabled the 2015 Canadian Federal Budget. This publication is intended to provide our busy international clients and friends with a high level overview of international […]
Employment/Tax Law Update 2015
Yesterday afternoon, the Canadian government tabled the 2015 Canadian Federal Budget. Two measures are particularly relevant to certain employers.Download the PDF to read this Client Update.
Quiz: Voluntary Disclosure Program
The Canada Revenue Agency’s Voluntary Disclosures Program (VDP) gives taxpayers a way to voluntarily come forward to put their tax affairs in order and correct past non-compliance. Taxpayers who use […]
Client Newsletter – Fall 2014
Welcome to the Fall 2014 edition of our Client Update Newsletter. Here we provide you with articles on recent developments in business law from a WeirFoulds perspective, and always with […]
WeirFoulds Welcomes Ryan Morris
We are pleased to announce that Ryan Morris has joined the Firm as a partner in the firm’s tax practice. Ryan’s legal practice focuses on various areas of domestic and […]