Legal News Report

Allowable Business Investment Losses

While a capital loss can only be deducted against a taxable capital gain, an ABIL may be deducted against all other ordinary income including taxable capital gains, thereby receiving significantly better tax treatment. To read Part 1 of our most recent Legal Business Report on this topic, click here.

In a precedent setting decision, Alessandro v. Her Majesty the Queen, the Associate Chief Justice of the Tax Court of Canada allowed an ABIL claim made by a taxpayer, represented by Howard Alpert, C.S. To access information regarding our Tax Litigation services, 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 your clients. Our Team has superior case management skills and achieves the most favourable resolution of disputes for our clients, whether through negotiating timely and reasonable settlements or by vigorous representation in court. For more information on our Tax Dispute Resolution services, click here.

Benefit From Corporate-Owned Life Insurance in Buy-Sell Agreements

Many clients are not aware of the tax benefits of using corporate-owned life insurance to fund a Buy-Sell Agreement on death. The effective top marginal tax rate on a capital gain realised by a deceased shareholder on the disposition of shares can be reduced to approximately 11.5%. There are also important Stop-Loss Rules. To read our latest Legal Business Report on this topic, click here



Alpert Law Firm assists entrepreneurs, investors and seniors in planning and arranging their affairs to preserve wealth and complete an orderly transfer of property and assets to spouses or from one generation to the next. 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. For more information on our Estate Planning 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.