Tax
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August 01, 2025
Rectification not a safety net: A post-Pyxis reminder on drafting discipline, due diligence
“Wait — we’ll just fix it with a rectification order, right?” That line, often said too casually in the back-and-forth between corporate clients, tax advisers and counsel, was exactly what made me revisit the Pyxis Real Estate Equities Inc. v. Canada (Attorney General), 2025 ONCA 65 decision.
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July 30, 2025
FEDERAL INCOME TAX - Administration and enforcement - Collection - Overpayment - Refunds
Appeal by Attorney General of Canada (Canada) from chambers judge’s finding that funds from property sale were not tax “overpayment” subject to refund, but rather “net sale proceeds”; cross-appeal by Wu from chambers judge giving permission to Canada Revenue Agency (CRA) to apply the funds to all tax debts.
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July 30, 2025
P.E.I. and New Brunswick sign MOU to cut trade barriers amid threat of escalating U.S. tariffs
Prince Edward Island and New Brunswick have entered into a memorandum of understanding (MOU) to reduce internal trade barriers including by recognizing equivalent standards, and improving the ability of workers and businesses to operate freely between provinces.
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July 30, 2025
Trade tribunal launches expiry review of anti-dumping orders against concrete rebar imports
The Canadian International Trade Tribunal (CITT) has initiated an expiry review of anti-dumping and countervailing duty orders affecting concrete reinforcing bar (rebar) imports from China, South Korea and Türkiye, setting the stage for a comprehensive reassessment of trade protection measures that have been in place for nearly five years.
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July 29, 2025
Federal Court finds repeated TFSA overcontributions after notice not a ‘reasonable error’
A Federal Court judge has declined to grant relief to a taxpayer who racked up over $70,000 in fines and penalties for repeatedly overcontributing to his tax-free savings accounts (TFSA), finding that his failure to promptly remove excess funds despite repeated Canada Revenue Agency (CRA) notices was not a reasonable error.
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July 28, 2025
Four new associates join Stikeman Elliott’s Montreal office
Stikeman Elliott has welcomed four first-year associates to its Montreal office: Danielle Maor, Michelle Poupart, Jeremy Michel Roy and Amélia Desrochers.
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July 28, 2025
How your kids can access the ‘Bank of Mom and Dad’ to buy a home
Even though the housing market in the Greater Toronto Area (GTA) and elsewhere is currently undergoing a downturn due to economic uncertainty, homeownership likely remains out of reach for many. For young Canadians, a home purchase is often supported (at least partially) by the “Bank of Mom and Dad.”
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July 24, 2025
Federal Court rules against Ottawa in Cold Lake military base tax dispute
The Federal Court of Appeal has ruled in favour of the City of Cold Lake, Alta., in a significant dispute over payments in lieu of taxes for a military base, finding that a federal minister failed to properly justify her decision on property valuations worth tens of millions of dollars.
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July 23, 2025
G20 finance ministers discuss international tax reforms and debt relief framework in South Africa
Finance ministers and central bank governors from the world’s 20 largest economies (G20) have concluded their third meeting of the year in Durban, South Africa, by endorsing several initiatives with potential legal and regulatory implications for international finance and taxation.
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July 23, 2025
FEDERAL INCOME TAX - Computation of tax - Individuals - Tax credits - Charitable donations
Appeals by appellants against a decision of the Tax Court dismissing their appeals from reassessments. The appellants participated in the Global Learning Gifting Initiative (GLGI) program.