Pearse Trust Blog



Canada Joins Fight Against International Tax Avoidance

Posted by Pearse Trust on Monday, Jul 04, 2016

Since the global financial crisis, governments have been cooperating on an unprecedented level to combat tax avoidance.

Canada is certainly no exception, having recently adopted two key multilateral information exchange mechanisms.

On 15 April 2016, the Canadian Department of Finance released draft legislative proposals for consultation, to implement the Common Reporting Standard (CRS) from 1 July 2017 allowing the first exchanges of information to take place in 2018. 

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Tags: Legal, Tax, Canada, Anti-Money Laundering

Canada Resurrects Key Investment Tax Credit (LSVCC)

Posted by Pearse Trust on Monday, May 16, 2016

Canada’s new Liberal Government has announced plans to reintroduce a tax credit for investments in Labour-Sponsored Venture Capital Companies (LSVCC) to achieve the twin objectives of increasing SMEs’ access to finance and provide middle-class savers with a tax-efficient investment vehicle.

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Tags: Tax, Canada

Canada’s Trust Tax Rules Are Changing

Posted by Pearse Trust on Wednesday, Mar 23, 2016

Canadian tax rules surrounding trusts are in the midst of a shake-up. This blog summarizes new tax rules applying to testamentary trusts already in effect, and proposed new rules affecting estate donations and spousal and common-law partner trusts.

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Tags: Legal, Tax, Canada

New Canadian Government - What's In Store For Taxpayers?

Posted by Pearse Trust on Monday, Nov 30, 2015

On 19 October 2015, Canada witnessed one of the largest reversals in political fortunes in recent electoral history when the Liberal Party, led by a youthful Justin Trudeau, bounced back from a dismal performance in the 2011 election to end the Prime Minister Stephen Harper's decade-long stint in power in emphatic fashion.

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Tags: Legal, Canada

Canadian Court Denies FATCA Challenge – Door Open For Appeal

Posted by Pearse Trust on Monday, Nov 23, 2015

On 16 September 2015, the Federal Court of Canada denied a request for an injunction to prevent the collection and disclosure of Foreign Account Tax Compliance Act (FATCA) information to the United States regarding American citizens living in Canada.

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Tags: Legal, Canada, USA

Canada & New Zealand’s Double Tax Agreement Comes Into Force

Posted by Pearse Trust on Wednesday, Jul 29, 2015


An updated Double Tax Agreement (DTA) between Canada and New Zealand came into force on 26 June 2015. The new agreement will generally lower withholding tax (WHT) on dividends, interest and royalties between the two countries and has been welcomed by investors in both countries. The changes will begin to take effect from 1 August 2015.

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Tags: Tax, New Zealand, Canada

Canada Challenges FATCA

Posted by Pearse Trust on Wednesday, Oct 08, 2014

In what appears to be the first challenge to the US Foreign Account Tax Compliance Act (“FATCA”), lawyers for Gwen Deegan of Toronto and Virginia Hillis of Windsor, Ontario say that FATCA exposes their clients 'to a deprivation of their liberty and security of the persons', in violation of Canadian Constitutional rights. FATCA applies to all “US persons”, which in itself is an expansive test and captures many groups of people that may not even realise they are “US persons".

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Tags: Legal, Tax, Canada, USA

A Landmark Case For Trust Administrators: Fundy Settlement v Canada

Posted by Pearse Trust on Monday, Sep 10, 2012

Fundy Settlement v Canada [2012 SCC 14] is a landmark case which used a test in order to put to rest any doubts which Trust Administrators might have in connection to the residence of a Trust for Tax purposes. 

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Tags: Trusts, Canada

7 Essential Facts On British Columbia Limited Liability Partnerships

Posted by Pearse Trust on Monday, Apr 11, 2011

Canada Background

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Tags: Tax, Canada, Limited Liability Partnerships, British Columbia, Partnerships

6 Reasons To Incorporate in Canada

Posted by Pearse Trust on Monday, Mar 28, 2011

1.  Background

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Tags: Legal, Tax, VAT, Canada, Limited Liability Partnerships, British Columbia