Defending Income Tax Evasion Charges
Subsection 239(1) of the Income Tax Act provides that upon summary conviction for tax evasion, fines ranging from 50% to 200% of the amount sought to be evaded may be imposed, as well as a possible imprisonment term of up to two years. 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 clients in many difficult tax evasion cases involving Income Tax and HST issues. There are several types of defences that Our Team effectively used to help our clients. To access our most recent Legal Business Report, which deals with these defences and discusses the latest cases in this area, click here.
Claiming the Lifetime Capital Gains Exemption
Many owners of small business corporations are not aware of the business asset tests which must be met in order for the shares of the corporation to meet the criteria of being "qualified small business corporation shares", which are eligible for the lifetime capital gains exemption. Alpert Law Firm is experienced with implementing purification techniques to remove certain types of non-qualifying assets that may prevent the tests from being met, such as excessive holdings of cash, passive investments, shareholder advances or loan receivables. To read our latest Legal Business Report on this topic, click here.
Our Team's tax expertise enables its business clients to minimise and defer their taxes when engaging in corporate reorganizations and commercial transactions. 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. For more information, click here.
Wealth Preservation 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 and is recognized as an expert in Estates and Trusts Law. Howard 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.