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We are all Canadian. Today we took the opportunity to come together as a firm and show our support for the Humboldt Broncos. We ask that you hug somebody you love today, because tomorrow is not a guarantee.   We may not know any of the young men or women who were involved in this terrible accident, but we share in the overwhelming sense of grief and love because,  we are all Canadian.


On July 18, 2017, the Department of Finance Canada released draft amendments to the Income Tax Act (Canada) and a discussion paper proposing significant changes to the taxation of private corporations in Canada (collectively, the “July Proposals“). The July Proposals seek to increase the tax paid by private corporations on investment income and also eliminate common tax planning arrangements for corporate shareholders. As summarized in our article of September 20, 2017, three of the most disconcerting points of the July Proposals were: (1) restrictions on the ability to income split among family members; (2) higher tax on passive investment income earned within a corporation; and (3) restrictions on the conversion of income into capital gains.

During the consultation period, we understand that the Government received over 21,000 submissions in response to the July Proposals. After the consultation period formally ended on October 2, 2017, the Government announced certain amendments to the July Proposals during the week of October 16, 20171 (the “October Announcements” and, together with the July Proposals, the “Proposals“). It is clear that our voices are making a difference and we applaud those of you who shared your story and set out your concerns to your Member of Parliament and The Department of Finance Canada during the consultation period.

As a brief summary, the October Announcements set out the Government’s intention to:

  • Lower the federal small business tax rate to 10% effective January 1, 2018, and to 9% effective January 1, 2019;
  • Simplify the proposed changes to income splitting;
  • Not move forward with the proposed measures to limit access to the Lifetime Capital Gains Exemption;
  • In relation to the proposed measures concerning the way passive investment income is taxed within a private corporation:
  • Ensure that all past investments and the income earned from those investments is protected; and
  • Protect up to $50,000 per year of passive income in a private corporation; and
  • Not move forward with the proposed measures relating to the conversion of income to capital gains.

Although the Government has abandoned or retrenched some of the July Proposals, the proposed changes that are moving forward remain problematic and will negatively impact the way private corporations and their shareholders are taxed in Canada. It is particularly concerning that the Government is pressing forward with the proposed changes relating to income splitting (despite the intention to simplify these proposals) as such changes will likely have the largest impact on family businesses.

We continue to be of the opinion that not only will the Proposals have a significant adverse impact on the Canadian economy, but will also be a pressing issue leading up to the next federal election.

Although the formal consultation period has come to a close, we encourage you to continue to reach out to your Member of Parliament to share your views and concerns regarding the Proposals. As mentioned above, it is clear that our voices are making a difference and we feel it is important to keep the conversation open.

The information provided above is of a general nature and has been provided as a courtesy to our corporate clients. This email has been sent to our contact on file so please feel free to share the information contained herein as you feel may be appropriate. While we have strived to ensure the information contained herein is accurate and has been obtained from reliable sources, the content of this email should not be acted upon without prior consultation with your professional advisors.

If you would like to further discuss the Proposals, please contact your tax advisor or one of our corporate lawyers.

KELOWNA, BRITISH COLUMBIA–(Marketwired – Sept. 4, 2014) – Federal Court win for award winning distillery in long running trademark dispute with City of Terrace and the Kitasoo Band Council over the use of the SPIRIT BEAR name.

Urban Distilleries - Spirit Bear

You can read more about Magellan Law Group’s latest win on our intellectual property blog at

To view recent new stories please visit the following links:

Magellan recognized by Municipality of Langley Profiles of Excellence.

Read more about Magellan Law’s “focus on law with a passion for customer service.”

Russell McRae a local House Portrait artist has created this beautiful painting of our new office. Russell creates these stunning paintings for Realtors, Lawyers and Mortgage Brokers. After a Real Estate transaction has completed the new home owner is given a gift of a painting of their new home. A truly memorable and highly personal gift.

To see more of Russell’s paintings, you can view his website here at

Thank you to Russell for this wonderful picture of our new home!

Magellan Offices in Langley BC

Steven Fruitman, a Director of the Centre For Child Development with Sophie Tweed-Simmons

On the evening of June 11, 2012, Karen and I attended an event at the ULounge in Surrey in support of Sophie’s Place. This year I became a new Director of the Centre for Child Development which houses Sophie’s Place, a facility providing service to children of Greater Vancouver who are the victims of sexual, mental and physical abuse.

My decision to become a Board member for the Centre was largely driven by the fact that I am the father of a child with developmental disabilities and I could not be more proud to have the Centre associated with Sophie’s Place. The ability to support young victims of abuse in a child friendly facility using a multi-disciplinary approach is something that we can all be proud of. Thank you to Surrey Mayor Dianne Watts for leading this project which was constructed by volunteers and staff in only four weeks!

The patron of Sophie’s Place is Sophie Tweed-Simmons. Most of us know Sophie as the daughter of legendary KISS rocker Gene Simmons and Playboy Playmate Shannon Tweed. She stars alongside her family in the reality TV show “Gene Simmons Family Jewels”. There is so much more to this young lady than her lineage and her day job. Sophie attended the event last night and demonstrated that she is much more than simply the name behind “Sophie’s Place”. She graciously had her picture taken with anyone that asked, chatted with guests and spoke to the crowd on numerous occasions thanking them for their support. The results of growing up famous in Hollywood are constantly splashed across the headlines and adding a reality show into the mix is usually a recipe for disaster. Sophie, who is only 19-years-old, is a refreshing exception to her Hollywood peers and I am sure she has made her famous parents very proud. We are lucky that she has found a connection to her Mother’s birth country and that she is the patron of Sophie’s Place.

For more information on the work being done by The Centre for Child Development and Sophie’s Place, please go to

Today is the day!

We would like to take this opportunity to congratulate the Fraser Valley Real Estate Board for promoting and organizing such a well-run event.  It was our first appearance and we had a blast.  It was great meeting you all and, in many cases, putting faces to names.  We intend to return next year.

We would also like to thank all of you who took the time to drop by our booth for a chat and to enter our draw.

So, without further adieu, the winner of the Magellan Law Group wine basket is ………. Drum roll please ………………

Michele Cummins of Royal LePage Wolstencroft Realty.

Congratulations Michele!!!

Please contact us at your convenience so that we can arrange delivery or pick up of your basket.

As an aside, for those of you who didn’t have a chance to pick up our handouts on Completing a Home Purchase from both the Buyer’s and Seller’s perspective, those articles have been posted on our “Articles” page together with two new articles on the implications of a collapsing real estate deal (again, from both the Buyer’s and Seller’s perspectives).

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