News & Events

August 14, 2017
Who will be affected by the proposed changes to income tax law?

Recently, the federal government proposed changes to income tax laws that represent a reversal of 45 years of tax policy and planning and that disproportionately affect family-run and closely-held small businesses. (Read more about the changes in our earlier blog post here.) The new rules target private corporations beca... Read More

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July 26, 2017
Sweeping changes proposed to the taxation of small businesses and their shareholders

On July 18, 2017, the Ministry of Finance released a Consultation Paper and draft legislation to curtail certain private company tax planning structures that are widely used by closely-held corporations and their shareholders. The changes are aimed at (1) preventing income splitting amongst a family (through a trust, or ... Read More

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June 16, 2017
LW Sponsors and Participates in Hearts in Motion

As part of our firm's 20th anniversary, we are supporting a number of charitable organizations and initiatives throughout 2017. One of  the programs that we chose to sponsor and participate in was the University of Ottawa Heart Institute Foundation's Hearts in Motion campaign. Hearts in Motion is a Virtual 5K event that ... Read More

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March 9, 2017
Ministers Morneau and Chagger Welcome Launch of the Canadian Business Growth Fund

March 9, 2017 – Toronto, Ontario – Department of Finance Canada Finance Minister Bill Morneau today issued the following statement at an event in Toronto where several Canadian financial institutions announced the launch of the Canadian Business Growth Fund: "The Government of Canada welcomes the announcement by Canad... Read More

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February 15, 2017
Notice – Last chance for not-for-profits to transition

Notice from Corporations Canada - All corporations created under the Canada Corporations Act, Part II need to have completed their transition to the Canada Not-for-profit Corporations Act and received their certificate of continuance by July 31, 2017. If the transition is not completed by that date, the corporation – i... Read More

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