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Tax Advisory | Taxpayer Relief Application
Penalty and Interest Relief under the Income Tax Act and Excise Tax Act. The application was submitted to CRA with a full evidentiary record. The matter remained under CRA review at time of pre…
Wills and Estates | Dual Will for Business Owner
Estate Planning, Dual Will Structure. The client’s estate plan was restructured to avoid probate fees on the private corporation shares, resulting in a materi…
Corporate Law | Immigration-Linked Business Acquisition
Share Purchase Transaction and Corporate Restructuring. The transaction closed on schedule. The corporate structure satisfied both the commercial and immigration requirements, …
Tax Controversy | Federal Court Judicial Review
CRA Audit Defence, Taxpayer Relief, and Federal Court Judicial Review. The matters resolved by Minutes of Settlement, providing both clients with a negotiated resolution without the full cost.
Tax Alert: Tackling Section 160 Assessment and CRA’s Information Request
Section 160 of the Income Tax Act prevents a taxpayer from avoiding tax by transferring property to non-arm’s length entities. At Balance Law, we help clients understand their obligations and respond effectively to CRA assessments under this provision.
Tax Alert: Tax Issues for Individuals Departing from Canada
Individuals departing from Canada must consider several tax rules that apply upon exit — including the deemed disposition of property, the proposed capital gains tax regime, and the alternative minimum tax. Balance Law advises clients on all departure tax matters.