December 21, 2011

Government Passes Stricter Rules for RRSPS

As part of the 2011 federal budget, the Minister of Finance (Canada) modified the rules applicable to the taxation of registered retirement savings plans (“RRSPs”) (the new rules also apply to registered retirement income funds). Bill C-13 received Royal Assent on December 16, 2011, and these amendments generally are effective as of March 23, 2011.

Clients note the team is "the first choice for cross-border hospitality work" adding, "(they advise) clients on a variety of hospitality concerns, from renovations and construction projects to matters involving hotel management agreements and financing agreements." — Chambers Canada
One source praised the team's "very strong collaboration and team culture," adding, "They work seamlessly on files." — Chambers Canada
The team is well respected for its tax planning advice on capital markets and private equity investment deals, and also acts on corporate restructuring work. — Chambers Canada
Goodmans Tax Group is known for its significant experience in the energy, financial services, mining and real estate sectors. — Chambers Canada
Goodmans LLP's Tax team is heavily involved in high-profile M&A, capital markets and restructuring matters...In addition to undertaking tax matters for clients based in Canada, the group acts for those located further afield internationally ... — The Legal 500 Canada
One source commented: "They are absolutely top-notch, insightful, good business advisers who are practical, very technical and extremely strategic," concluding: "I value their opinion on all tax matters." — Chambers Global
Clients note, "The team is a clear market leader in tax structuring." — Chambers Global
Dynamic tax structuring team, particularly well regarded for its significant expertise in domestic and cross-border M&A matters. — Chambers Global

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