Some clients hate lawyers because the lawyers insist on charging more than $0.99 per hour. I can live with that kind of hatred. On the other hand, some clients “hate” lawyers for good reason, at least according to this post:…
New blogger
I’ve been posting articles to this blog for more than four years, and, to my surprise, it hasn’t become old for me yet. That said, I am pleased to welcome a new blogger to the site. Nathan Green is a…
Tax for Trusts
The following article will appear in an upcoming edition of the Hamilton Law Association Law Journal.
Records
The latest edition of Taylor Leibow‘s Business Matters has an interesting article about record-keeping and the preparation of death returns. The article points out that poor record-keeping can be problematic in a tax system that expects taxpayers to prove they…
Lawyer joke
Every now and then I can’t resist a little legal humour. The following joke is relayed by the law blog Sui Generis:
Demand notes
Lawyers will be familiar with Hare v. Hare, 2006 CanLII 41650, in which the Ontario Court of Appeal held that the limitation period for a demand note began to run with its delivery not with default, much to the consternation…
Disposition
An employee of a corporation owns an option to purchase a share in the capital of the corporation. The corporation decides to amend the terms of the option. Does the amendment have any tax consequences? Maybe.
Tiny
I often send links to clients and colleagues by email, but sometimes the links are extremely long and complicated so that they are broken and unusable when they arrive at their destination. That’s where tinyurl.com comes in handy. “http://www.lawtimesnews.com/Headline-News/Record-$169-million-award-will-raise-the-bar” becomes…
Nerd update
In the interests of doing my part to be part of Web 2.0, I’ve deleted my page on this blog devoted to links of interest to tax practitioners, and I’ve created a page of links at delicious.com instead. Those of…
Election for Restrictive Covenants
Bryan Walters at Wade Group was kind enough to forward to me a link to the five-page “election letter” that the CRA wants taxpayers to use who are making elections under subsection 56.4(3) of the Income Tax Act.