The Supreme Court of Canada today released its judgment in St. Michael Trust Corp. et al v. The Queen, 2012 SCC 14, denying the taxpayer’s appeal and holding that the appellant trusts, both of which had a Barbados resident trustee and were formed under the laws of Barbados, were resident in Canada and subject to Canadian tax on the gains realized on the sale of certain shares.

Click here to read the April 12 Tax News Flash.

Aird & Berlis LLP is pleased to present the April 2012 edition of Doing Business in Canada. This publication was developed to provide a general overview of Canadian national and provincial law and is intended for those planning to start, acquire or invest in a business in Canada.

A&B is proud to announce that, on March 2, 2012, our firm donated one million Aeroplan miles to the Air Canada Foundation. The not-for-profit organization, which focuses on the health and well-being of children in need, was launched on February 29.

As one of the first donors to Air Canada’s new Foundation, we are pleased that our firm’s Aeroplan miles donation will be used to provide flights to children and their parents so that they can obtain medical care from pediatric hospitals, such as The Hospital for Sick Children in Toronto.