254
1 It should be noted that this restriction is harsher than that applicable to Registered Retirement Savings Plans (“RRPSs”). Due to a specific exclusion in the tax rules governing RRSPs, income and gains realized from qualified investments in an RRSP are tax exempt even if the RRSP was carrying on a business (e.g. day trading securities). See paragraph 1.89 of Income Tax Folio S3-F10-C1, Qualified Investments – RRSPs, RESPs, RRIFs, RDSPs and TFSAs.
By: Matt Maurer & Whitney Abrams
Minden Gross LLP
British Columbia’s Framework for Private Cannabis Retail
On February 5, 2018, British Columbia’s provincial
government announced its framework for the
distribution and sale of recreational cannabis.
The Province is the first in the country that will implement both public and privately-run retail. In either case, the distribution of recreational cannabis will be government-run and will be done exclusively by the Liquor Distribution Branch (the “LDB”). The Province’s Liquor Control and Licensing Branch (the “LCLB”) will be responsible for licensing and monitoring the private retail stores.
B.C. to begin public consultation on marijuana legalization
By Justin McElroy, CBC News
NEWS