Business restructuring is an integral part of the journey for a business enterprise, often triggered by the change in economic, regulatory or business dynamics. In the past, multiple measures were ...

Herbs R Us operated a cannabis boutique and dispensary in Vancouver, British Columbia, notably one operating without a licence and which marketed itself using adult-themed content including nudity and ...

Last week, the Federal Court of Canada issued its long-awaited decision in Energizer Brands, LLC v Gillette Company, 2023 FC 804. The case is noteworthy because it is a “comparative advertising” case, ...

When an attorney hangs a shingle and goes into practice on her own, the simplest way to form the law firm is as a sole proprietorship. The attorney calculates all the income on her personal tax return ...

‘Goodwill’ is the recognition a business wins for delivering high quality products or services over several years. In common parlance, it is usually recognized basis the valuation of various ...

ITAT Delhi held that the amendment excluding goodwill from depreciation under Section 32(1)(ii) applies prospectively from 01.04.2021. The Tribunal allowed depreciation on goodwill for earlier ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Jonathan Ford’s article about the rise of company’s discretion when it comes to goodwill accounting makes for ...

Goodwill may not be figuring expressly in the inclusive list of intangible assets mentioned in section 32 of the Income-tax Act qualifying for depreciation but being an asset belonging to the same ...

This report is one of a series on the adjustments we make to convert GAAP data to economic earnings. Reported earnings don’t tell the whole story of a company’s profits. They are based on ...

The legalization of recreational cannabis in Canada in 2018 was accompanied, naturally, by an increase in cannabis-related trademark use, often with humorous or satirical undertones, such as Fifty ...

The Finance Bill, 2021, has held that goodwill of a business will not be considered as a depreciable asset. Depreciation on goodwill will not be available, in any situation. “The amendment denying ...