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A common issue encountered in the tax world is whether legal fees are deductible for tax purposes. The answer is not always straightforward. There are many situations where legal fees can be incurred, and the underlying event giving rise to the fees will determine the tax treatment. Legal fees incurred in the
Toronto, ON – Q2 is the busiest quarter for our firm, but even as we tackled our most essential obligations, we continued to contribute to important causes and participate in community events. After all, the way we see it, there’s always time to help make a positive impact. Contributing to community Partner Ankur Javalekar,
After a last‑minute reprieve for the 2023 tax year, bare trust reporting was deferred for 2024 and 2025. However, these rules are expected to apply starting in 2026. As a result, many arrangements taxpayers would not typically consider trusts may now be subject to reporting requirements. A bare trust is generally
