1993: Good Year for Baseball – Bad Year for Litigation

Wednesday, August 10th, 2016

What made 1993 a memorable year? Justice Howard addressed that question in the opening seven paragraphs of his decision in Meriano v Benoot, 2016 ONSC 4839. Bill Clinton, Sir John Major, Kim Campbell and Jean Chretien all took office.  Czechoslovakia separated into the Czech Republic and Slovakia. Prince changed his name ...

Determining the CAPITAL DIVIDEND ACCOUNT BALANCE: no longer a shot in the dark?

Tuesday, August 9th, 2016

The capital dividend account (“CDA”) is a tax free surplus account within a private corporation which gives shareholders designated capital dividends, tax-free. The CDA typically contains the non-taxable portion of the company’s capital gains net of capital losses, capital gains received by other companies, proceeds of life insurance on death ...