Legal News Report

Price Allocation Agreements in an Asset Sale

When entering into an asset purchase transaction, the vendor and purchaser may mutually agree on a reasonable allocation of the purchase price for the assets. Many clients are not aware of the most current Income Tax rules and case law which apply to price allocation agreements. Our Team's expertise enables its clients to obtain the maximum tax planning benefits from the purchase and sale of assets in a cost-effective manner. Howard Alpert, C.S., has been certified by the Law Society as a Specialist in Corporate and Commercial Law and as a Specialist in Taxation Law. To read our latest Legal Business Report on this topic, click here.

Defending Jeopardy Assessments

Pursuant to subsection 225.2(2) of the Income Tax Act, the CRA is permitted to bring an ex parte application before a Federal Court judge to obtain a jeopardy order authorizing the collection of an assessed amount, based upon reasonable grounds for believing that the collection would be jeopardized by a delay. A jeopardy order is an exception to the general rule that the CRA cannot exercise its collection powers against a taxpayer until 90 days after the mailing date of a Notice of Assessment. To read our most recent Legal Business Report on this topic, 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. 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.

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.