ARTICLES
When Buying a Business, is the New Owner Liable for Any Outstanding Liabilities?
June 30 2015 Hugues Boisvert Founder & CEO, Business Lawyer Acquisitions are very common today: one business – usually a corporation – takes over or buys out another business and takes its place in the market. As a new owner, an important question to consider is whether you are responsible for any outstanding liabilities such as debt […]
SR&ED Tax Credit – Everything You Need to Know to Save You Taxes
The Canadian Scientific Research and Experimental Development Tax Incentive Program (SR&ED) encourages research and development by offering support to businesses that conduct scientific research or experimental development in Canada. The SR&ED tax incentive program allows businesses to deduct SR&ED expenditures from their income and also provides SR&ED Investment Tax Credit (ITC) to reduce Part 1 […]
Lawsuits in the European Union: disarming the “Italian Torpedo” with the Recast Brussels Regulation
June 26 2015 Martin Aquilina, COO | Business Lawyer A defensive action commonly known as “Italian torpedo”[1] is no stranger to the field of commercial litigation in Europe. The parties have taken advantage of the slow speed of judicial proceedings in Italy (and other countries such as Belgium) to torpedo the action that might be brought […]
What to Do When You Receive a Notice of Reassessment
June 23 2015 , Robert McMechan, Senior Tax Litigation Lawyer The Canada Revenue Agency (CRA) will inform you of a reassessment of your income by Notice of Reassessment. Often Notices of Reassessment are accompanied by the CRA’s reasoning for the reassessment. You should review the basis of the reassessment, preferably with a tax professional, to determine […]