Thomas Ghag

Nov 17, 2024 | mondaq.com | Colleen Ma |Thomas Ghag

In the transportation and logistics industry, as with other industries, it is common for corporations in the same multinational group to provide goods and services to one another. If the parties to such a transaction include a Canadian taxpayer (for Canadian income tax purposes) and a non-resident person (such as a corporation), and the parties do not deal with each other at arm's length, the Canadian transfer pricing rules must be considered.

Mar 24, 2024 | mondaq.com | Thomas Ghag

Par value shares are often considered one of the last vestiges of the old Canadian corporate legislation. The current federal corporate legislation, and the majority of provincial corporate legislation, no longer permit the issuance of par value shares. However, the corporate legislation in certain provinces (including British Columbia and Nova Scotia) still allow for the issuance of par value shares. It is not uncommon for companies in these jurisdictions to issue such shares.

Mar 22, 2024 | mondaq.com | Thomas Ghag

Les actions à valeur nominale sont souvent considérées comme l'un des derniers vestiges des anciennes lois canadiennes sur les sociétés. Les lois fédérales sur les sociétés actuellement en vigueur et la plupart des lois provinciales en matière de droits des sociétés n'autorisent plus l'émission d'actions à valeur nominale.

Oct 4, 2023 | mondaq.com | Ron Choudhury |Thomas Ghag

With the release of the 2022 Fall Economic Statement, the Federal Government proposed a new tax on repurchases of equity by certain entities (the "Buyback Tax"). The draft legislative proposals and explanatory notes published by the Department of Finance on August 4, 2023 shed additional light on the Buyback Tax. If enacted in its current form, the legislation would apply to transactions that occur on or after January 1, 2024.

Mar 14, 2023 | lexology.com | Thomas Ghag |Colleen Ma

Many trucking companies have entered into arrangements with subcontracted carriers or owner-operators/contractors for charges such as fuel, insurance, or licensing fees. Anyone who has entered into such an arrangement should review their contracts from a GST/HST perspective. While the nature of such a payment may not make a material difference economically, the parties may be unknowingly exposing themselves to GST/HST liability.