Tax Memos
Welch LLP’s Tax Memos are designed to keep you informed on important tax developments. Featured are timely insights on legislative changes, compliance updates, and emerging issues that may impact businesses and individuals. Written in clear, straightforward language, each memo breaks down complex tax matters into actionable takeaways, helping you stay ahead of their obligations and make well-informed decisions with confidence.
Considerations in Incorporating a Business
An overview of the key factors to consider when deciding whether to incorporate a business. It also outlines the advantages and disadvantages of incorporation, with a focus on tax, accounting, legal, administrative, and strategic considerations relevant to business owners.
Use of Investment Holding Companies – Part 1
An overview of the key concepts associated with incorporating a holding company (“Holdco”) in Canada. It outlines the principal benefits, common scenarios where a Holdco may be advantageous as well as other important considerations.
Use of Investment Holding Companies – Part 2
An overview of the tax treatment of investment income earned by a Canadian holding company (“Holdco”), with a focus on the passive income rules under the Income Tax Act (“the Act”). The analysis addresses how these rules affect the corporate tax rate on investment income, the operation of the refundable dividend tax on hand (“RDTOH”) regime and the potential impact on the availability of the small business deduction (“SBD”) for active business corporations.
Use of Trusts in Tax Planning
An overview of the use of inter vivos trusts (created during one’s lifetime) for tax, estate and succession planning and summarizes the key concepts and benefits. It also outlines some specific situations where trusts may be advantageous, as well as other important considerations.
A Practical Guide To Bare Trust Reporting
An overview of the bare trust reporting regime which is effective for the 2026 taxation year as a result of new legislation which received Royal Assent on March 26, 2026. It is intended to assist in determining whether a bare trust arrangement exists and outline the applicable reporting requirements to avoid potentially costly non-compliance penalties.
