Barbara J. Worndl

To print this article, all you need is to be registered or login on Mondaq.com. On April 11, 2020, Parliament enacted the Canada Emergency Wage Subsidy ("CEWS") into law, and it is significantly broader than the framework released by the Department of Finance last week. Most notably, the legislation relaxes the revenue test for the month of March and provides flexibility in determining revenue. What is the CEWS?

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To print this article, all you need is to be registered or login on Mondaq.com. The Federal Court of Appeal in Alta Energy1 held that the Appellant, a Luxembourg corporation, could properly rely on the Canada-Luxembourg Treaty (the "Treaty") to claim an exemption from Canadian tax on a capital gain realized on the sale of shares of a Canadian corporation engaged in oil and gas exploration.2 The Appellant came to hold those shares as a result of an international restructuring.