Ramsay Lampman Rhodes construction lawyers are involved in many aspects of construction law including drafting and structuring of construction contracts, mediations, arbitrations and litigation. Our litigation lawyers have appeared before the British Columbia courts on behalf of a range of clients including owners, developers, contractors, trades and suppliers. The range of work involved spans a variety of construction-related disputes, from delay claims and claims for extras to lien rights, collection matters and defective workmanship claims.
New Tax Rules for 2023: Bare Trusts Face Unexpected Reporting Requirements and Penalties – UPDATE
UPDATE: CRA exempts bare trusts from trust reporting requirements for 2023 tax year.
Read the CRA Announcement: March 28, 2024: Bare trusts are exempt from trust reporting requirements for 2023
New Trust Reporting Requirements – Bare Trusts are Caught
Almost all trusts must now file a T3 Trust Income Tax Return, regardless of activity or income. The filing deadline is April 2, 2024, and a failure to file may result in penalties and unfavourable tax implications. Notably, “bare trusts” are caught by the new rules. Bare Trusts In fairly simple terms, a bare trust…
James Rhodes Joins the RLR Partnership
We are delighted to announce that effective January 1, 2024, James Rhodes joined Ramsay Lampman Rhodes as a partner. With a focus on real estate and business law, James has consistently demonstrated outstanding dedication and expertise that has benefited our clients. Join us in congratulating James. We are confident that his contributions to the firm…