Legal News Report

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.

Strategies to Minimize Estate Administration Tax

Beginning January 1, 2020, the Estate Administration Tax has been eliminated for the first $50,000 of the value of the estate. When a will is probated in Ontario, pursuant to the Estate Administration Tax Act, a tax is levied at the rate of $15 per $1,000 on the value of the estate exceeding $50,000. Many clients are not aware that there is a recent regulation under the Estate Administration Tax Act, which requires an estate representative to file additional financial information about a deceased person and the estate. To read our newest newsletter which discusses strategies that clients can use to minimize the impact of the Estate Administration Tax, click here.

Alpert Law Firm assists entrepreneurs, high net worth individuals and family businesses to develop and implement long-term strategic objectives directed towards the inter-generational transfer of wealth in a timely and cost-effective manner. 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. For more information regarding the newest methods of implementing Estate Planning Transactions, 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.