Steve Suarez

Aug 16, 2024 | taxand.com | Steve Suarez

An overview by Borden Ladner GervaisStarting from June 2024, Canada’s federal budget has raised the capital gains inclusion rate from 50% to 66.67%. This adjustment means individuals could face higher taxes on gains exceeding £250,000, and companies will also be taxed at this increased rate on all gains from that date forward.

Jun 3, 2024 | theglobeandmail.com | Steve Suarez

Open this photo in gallery:Prime Minister Justin Trudeau, Finance Minister Chrystia Freeland and cabinet ministers pose for a photo before the tabling of the federal budget on Parliament Hill in Ottawa on April 16.Justin Tang/The Canadian PressPlease log in to bookmark this story.Log InCreate Free AccountSteve Suarez is a partner at law firm Borden Ladner Gervais LLP and a co-chair of the economics and taxation committee of the Canadian Chamber of Commerce.

Jun 3, 2024 | mondaq.com | Pamela Cross |Steve Suarez

BL Borden Ladner Gervais LLP More BLG is a leading, national, full-service Canadian law firm focusing on business law, commercial litigation, and intellectual property solutions for our clients. BLG is one of the country’s largest law firms with more than 750 lawyers, intellectual property agents and other professionals in five cities across Canada. Currently, only 1/2 of a taxpayer's capital gains are included in computing income.

May 9, 2024 | mondaq.com | Steve Suarez

Much has been made (and continues to be made) of the government's decision in the 2024 federal budget to increase the portion of capital gains that are included in income from 50 per cent to 662/3 per cent, effective June 25, 2024. Starting then, for natural persons two-thirds of capital gains realized each year above $250,000 will be included in income (any favourably taxed stock option benefits realized will reduce the $250,000 limit).

Nov 29, 2023 | mondaq.com | Steve Suarez

In Canada's Fall Economic Statement, the federal government announced a fix for tax problems related to government assistance in the form of low-or-no-interest loans. Read on to learn more about this latest development. The Income Tax Act (Canada) (ITA) has various adverse rules dealing with "government assistance" received, receivable or expected to be received by a taxpayer.