Legal News Report

New CRA Policies for Filing a Voluntary Disclosure

The CRA has introduced new polices, which are more stringent for filing applications under its Voluntary Disclosures Program. The VDP is intended to promote compliance and encourage individuals to correct inaccurate or incomplete information, or to disclose information not previously reported to the CRA. If a voluntary disclosure is found to satisfy all the requisite conditions, the CRA will use its discretion to give relief from penalties and prosecution that may otherwise have been imposed. Alpert Law Firm are the Tax Law Professionals, with over 40 years experience in advising clients about the most advantageous methods of making Voluntary Disclosures to the CRA. To read Part 1 our latest newsletter on this topic, click here.

Our Team has over 40 years experience in winning leading cases. Alpert Law Firm has a reputation for resolving tax disputes and for getting excellent results for our clients in a cost-effective manner. We achieve the most favourable resolution of disputes for our clients, whether through negotiating timely and reasonable settlements with the CRA or by vigorous representation in court. For more information on our Tax Litigation Services, click here.

Tax Planning For Asset Transfers to a Corporation (Part I)

Under Section 85 of the Income Tax Act, taxpayers can elect to transfer certain assets to a corporation in exchange for shares at amounts which will result in either a deferral or minimization of tax. Many clients are not aware of the complex rules relating to a Section 85 election when engaging in a corporate reorganization or an estate plan. To access our most recent Legal Business Report dealing with this topic, click here

Alpert Law Firm are specialists in corporate reorganizations. Howard Alpert, C.S. is certified by the Law Society as a Specialist in Taxation Law and as a Specialist in Corporate and Commercial Law. Our Team can help clients in designing tax and estate plans to obtain the maximum benefits when transferring assets to a corporation in an efficient and timely manner.

Tailor Made Estate Administration Solutions

Administering an estate can be a challenging experience. Howard Alpert, C.S. is recognized as an expert in Estates and Trusts Law. Our Team's expertise and personal attention will assist you in overcoming any difficulty, and ensure you can execute your responsibilities fully and with confidence.

Contact Howard Alpert, C.S. for a consultation at: halpert@alpertlawfirm.ca or call (416) 923-0809.

For more information about our Estate Planning services, click here.