Year End Planning    Best Holiday Wishes from Drache LLP    Ontario Government Misses the Mark Again - More on Doctors’ and Dentists’ Professional Corporations    Gifts to Employees    Don't Forget the Interest Payments    Year End Tax Loss Selling - The Importance of Timing    Choose Your Newsletter Options from Drache Best Holiday Wishes from Drache LLP From all of us at Drache LLP, we wish you and your families the very best this holiday season. It has been a pleasure to serve all of you this past year. We wish you happiness, health, wealth -- and fewer taxes in 2006! More... Ontario Government Misses the Mark Again - More on Doctors’ and Dentists’ Professional Corporations - Charles Rotenberg One can only wonder in amazement at how many times it will take for the Ontario Government to get it right. They finally allowed professionals in Ontario to incorporate, but restricted shareholdings in professional corporations to licensed professionals and did not allow professionals to include family members. All other provinces have allowed family members as non-voting shareholders. Since the professionals still maintain their professional liability personally, the argument about the restriction being for the benefit of the public is specious. More... Gifts to Employees - Charles Rotenberg As we approach the Christmas season, it is important to note the Canada Revenue Agency (CRA) administrative policy regarding non-cash gifts to employees. In the past, the CRA policy was that one non-cash gift per year could be given to an employee on a non-taxable basis, as long as the gift had a value of less than $100.00 and the employer could not deduct the value of the gift. More... Don't Forget the Interest Payments - Charles Rotenberg Many years ago, high tax individuals used to lend money to spouses and children in order to generate investment income in the hands of lower rate family members. This included loans made directly to individuals and loans to family trusts. The income attribution rules were amended to include attribution on these loaned monies. If the loan proceeds were used to buy property... More... Year End Tax Loss Selling - The Importance of Timing - Charles Rotenberg Timing is important in all things - none as much as in tax matters. Near the end of each taxation year, investors consider which securities might be sold to trigger capital losses (or gains) in the year. More... Choose Your Newsletter Options from Drache As our respective client groups continue to ask for more and more targeted information, we are pleased to respond by adding two new newsletter categories to our newsletter option lists. These include: Tax and Estate Planning for Professionals and Charity Law Insights. To learn more about the your newsletter options and manage your account please visit our Newsletter Sign Up page on the Drache website. More... You are receiving this e-mail because you have subscribed to one of our Drache LLP newsletters. You have complete control to review, update your newsletter options or unsubscribe at your discretion. If this email was forwarded to you, we invite you to subscribe to this newsletter or others that appeal to you. Your subscription information is private, please feel free to review our privacy policy. © Drache LLP Barristers & Solicitors, 222 Somerset St. W., 2nd Floor, Ottawa, Ontario K2P 2G3 Phone: (613) 233-2675 Facsimile: (613) 233-6752 Email: crotenberg@drache.com