Penalties for False Statements or Omissions (Part I)
Alpert Law Firm has been successful in obtaining cost-effective solutions in many difficult Penalty Assessment cases. To access Part 1 of our recent Legal Business Report which deals with several types of defences that we have effectively used to help our clients and discusses the leading and most recent cases in this area, click here.
In Cox v. The Queen, a precedent setting decision of the Tax Court of Canada, Howard Alpert, C.S. successfully defended a taxpayer against both an Assessment of Penalties and a Net Worth Assessment by a variety of methods including both an innovative mental illness defence and a rebuttal of the use of Statistics Canada data by CRA. To read a summary of this decision, click here.
Alpert Law Firm are the Tax Law Professionals, with over 40 years’ experience in winning leading cases and a reputation for getting excellent results for our clients. Howard Alpert, C.S. is certified by the Law Society as a Specialist in Taxation Law. Vivian Xu, B.A. J.D. is an associate lawyer specializing in tax dispute resolution and tax litigation services. Our Team has a reputation for resolving tax disputes and for getting excellent results for our clients in a cost-effective manner, 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 Non-Competition Agreements
When negotiating an asset or share sale, parties commonly include a non-competition clause containing restrictive covenants which prevent the vendor from competing with the purchaser of the acquired business for a specified period of time and in a particular area. There are complex rules with regard to the tax treatment of payments for the restrictive covenants. Alpert Law Firm is experienced in assisting clients to implement asset or share purchase transactions. Howard Alpert, C.S. is certified by the Law Society as a Specialist in Corporate and Commercial Law and as a Specialist in Taxation Law. Our Team advises clients about the most advantageous methods of negotiating non-competition clauses. To read our most recent newsletter on this topic, click here.
Asset Protection Strategies
Asset protection planning often involves the creation of holding companies, a corporate reorganization and the implementation of an estate freeze. Such planning regularly requires the preparation of wills, trusts, powers of attorney, living wills and property transfers. 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. Howard is also recognized as an expert in Estates and Trusts Law. Our Team provides tax planning and corporate advice to develop plans that reduce and defer tax, preserve value and maintain the financial well-being of heirs. For more information on our Wealth Preservation services, click here.