April 2008 Charity Law Insights    You Reap What you Sow    Projet de loi C-10: La jurisprudence concernant les œuvres de bienfaisance à la rescousse    Ontario 2008 Budget Highlights You Reap What you Sow - Adam Aptowitzer Several different groups were involved in the packaging and marketing of the Banyan Tree Program to potential participants. Some of these marketers used a favourable tax opinion letter from Fraser Milner Casgrain LLP, a prominent national law firm, to market the program. Now, many of these participants are banding together in a class action lawsuit to sue these actors and Fraser Milner Casgrain LLP for damages of over $50M. The damages are calculated to include the amounts paid in now missing security deposits, the disallowed tax credits and interest payable on the tax owing as a result of the reassessment. The class action suit is being handled by Hamilton law firm Scarfone Hawkins LLP, which has significant experience in handling class action claims. More... Projet de loi C-10: La jurisprudence concernant les œuvres de bienfaisance à la rescousse - Sebastien Desmarais Le nouveau projet de loi C-10 qui amende la section 125.4 de la Loi sur l’impôt sur le revenu soulève, avec raison, un tollé de réactions. L’indignation envers le projet de loi vise principalement le pouvoir discrétionnaire octroyé au Ministre du Patrimoine canadien de refuser ou de retirer l'agrément des crédits d’impôt à une production cinématographique lorsqu'il est d'avis que celle-ci ne respecte pas «l'ordre public». More... Ontario 2008 Budget Highlights - Steven Szilagyi On March 25th Dwight Duncan, the Ontario Minister of Finance, tabled the Ontario Liberal government’s 2008 Budget. The budget proposes to parallel some of the initiatives that were put forth in the federal budget. As a result, there are some new tax measures that will impact charities. 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