Legal News Report

Joint Tenancy Tax Planning

Many clients are not aware that there are both tax and non-tax considerations when changing the ownership of a property into joint tenancy. When implemented properly, holding property in joint tenancy can reduce liability for Estate Administration Tax, particularly in the case where the joint tenants are spouses. To read our newest newsletter on this topic, click here.

Alpert Law Firm assists entrepreneurs and family businesses to develop and implement long-term strategic wealth preservation objectives directed towards the inter-generational transfer of assets in a prompt and cost-efficient manner. Howard Alpert, C.S. has been 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 on our Estate Planning services, click here.

Penalties for Tax Evasion

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 we have effectively used to help our clients achieve the most favourable resolution of tax disputes. To access our most recent Legal Business Report, which deals with penalties for tax evasion and discusses the latest cases in this area, click here.

The Ontario Superior Court of Justice ordered the Canada Revenue Agency (CRA) to return all of the records seized pursuant to a search warrant obtained during a criminal investigation against Synergy Group (2000) Inc., which was represented by Howard Alpert, C.S. of Alpert Law Firm. Synergy Group (2000) Inc. and other taxpayers were alleged by the CRA to have participated in a tax scheme, marketed across Canada, to permit investors to deduct tax losses totalling nearly $200,000,000. To read a summary of this decision, click here.

Important Tax Changes in 2021 Federal Budget

It is essential for clients to stay current with recent tax changes that impact on their business and estate planning decisions. Alpert Law Firm can assist you in achieving the best results for your clients when advising them about the 2021 Federal Budget. To access our most recent Legal Business Report dealing with this essential topic, click here.

Our Team is at the cutting edge of the tax reform changes and assists its clients to minimise and defer their taxes when engaging in corporate reorganisations.