DR Updates
November 29, 2023
Update on Amendments to the Income Tax Act: Permanent Injunction Granted
The Supreme Court of British Columbia has granted an injunction suspending the application of recently expanded mandatory reporting obligations in the Income Tax Act to members of the legal profession pending the outcome of litigation challenging the constitutionality of the provisions. This legal challenge was initiated by the Federation of Law Societies of Canada in a lawsuit filed on September 11, 2023....
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October 25, 2023
Update on Amendments to the Income Tax Act
The temporary injunction order obtained by the Federation of Law Societies of Canada in conjunction with a petition challenging the constitutionality of amended mandatory reporting obligations under the Income Tax Act has been extended to December 1, 2023. The hearing on the application for an injunction was held in the Supreme Court of British Columbia on October 20, 2023. The judge hearing...
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February 3, 2023
Prohibition on the Purchase of Residential Property by Non-Canadians Act
On January 1, 2023, the Prohibition on the Purchase of Residential Property by Non-Canadians Act, S.C. 2022, c. 10, s. 235 came into force. Subsection 4(1) prohibits non-Canadians from purchasing, directly or indirectly, any residential property situated in Canada. Further, and importantly for lawyers and other professionals involved in real estate transactions, the Act makes it an offence for any person or entity to...
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