Forward | Unsubscribe | Sign Up | Archives February 26, 2016
1. Ontario threatens retroactive land transfer tax
A newly filed provincial regulation hints that Ontario’s Ministry of Finance plans to pursue REITs and limited partnerships for retroactive land transfer tax dating back nearly 27 years. The February 18 amendment to the Land Transfer Tax Act cancels the ‘de minimis’ tax exemption that individual or corporate taxpayers previously enjoyed when they acquired a beneficial interest in land through trusts or partnerships, provided their acquired new interest equated to no more than 5 per cent of the annual profits of that partnership.
2. Cogeneration sparks apartment sector interest
Cogeneration in Canada is no longer just for hospitals and industrial facilities—multi-residential property owners are beginning to take note of this energy savings technology too. Read More »
3. Saks Fifth Avenue opens in CF Sherway Gardens
Saks Fifth Avenue opened in Toronto’s CF Sherway Gardens on Thursday, one week after its initial entry into Canada at CF Toronto Eaton Centre. Read More »
4. Leadership development termed vital expense
Canadian companies that prioritize leadership development are six times more likely to meet financial unit goals and have higher growth and revenue expectations. Read More »
5. Acton Quarry named world's first certified aggregate site
The CRH Canada’s Dufferin Aggregates Acton Quarry in Ontario is the world’s first quarry to earn certification as a supplier of responsibly sourced stone, sand and gravel. Read More »
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