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Chambertin

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  1. Crypto Currency and Law

    I don't see the huge advantage of 'smart' contracts to cover transactions between party A & B. We have taken a couple of centuries to build a pretty good system. However, where there is a transaction that needs to be verified by a central database, I can see how blockchain would change things. For example, property conveyances (house, cars, etc.) could be done person to person with no additional verification needed. It could be huge for VAT's.
  2. Crypto Currency and Law

    The Young Practitioner's of the Canadian Tax Forum did a seminar in November on this. It will certainly impact tax (what doesn't?) and it seems like it may be regulated by securities law though that is still being decided. Must be tough to advise right now with the law still being figured out. It's tough to even advise a client if they're gains are on income or capital, or even what bitcoin is (CRA does not take the view it is a currency at the moment) One issue I see right now is the power consumption requirements, bitcoin is hitting limits it takes too much electricity to mine/verify transactions. I agree with conge, at some point, blockchain has the potential to radically alter anything based on a central database/verification system so in addition to the above, voting, secure identities are others.
  3. Tax Lawyers

    That's unique in my experience, good for you!
  4. Partnership Arrangements

    Luckycharm is right, I would want to see the last few years of financial statements, and then give it to an accountant and get their advice. Then you have to look at the partnership agreement, as to how the pie is carved up.
  5. Tax Lawyers

    Welcome! Were/are you a CA?
  6. Tax Lawyers

    FWIW, I get emails/calls from headhunters and they want planners probably 4 or 5 to 1 though I think that's because I'm in the 3-4 year range where that is a desirable amount of experience for a planner, less so for a litigator. I suspect it's about 5-7 for a litigator. In terms of stable/predictable, I would say as a litigator generally yes, because I'm always litigating against the DOJ and they're reasonable and sane, and not jerks so I get a lot of control over my deadlines and while things never quite go as expected, generally I can see the peaks and valleys a ways away.
  7. Tax Lawyers

    Agree, it's hard to justify paying for it out of your own pocket. As mentioned, the CTF is the organization for tax professionals in Canada. In terms of the market, I think it's great for tax lawyers right now. Many tax lawyers I know are getting calls by headhunters, but primarily for planning, especially if you have a few years experience.
  8. Tax Lawyers

    You would know more than I. I suppose it depends if it really is tax or bust for the student, then might as well indicate as such and if the firm likes you but just can't accommodate you at the time, like you said, they will likely reach out to see if they can find someone who does need a tax associate. But if you'd like to do tax, but also would be interested in something else, that's different I think. I know some of my colleagues strongly wanted to do tax litigation but would have been happy litigating if they couldn't do tax litigation. For me, I only wanted tax, but was ok with planning or litigation or a mix.
  9. Tax Lawyers

    Exactly, my point is simply that not summering/articling in tax doesn't put you behind the eight ball in any way, as bob says, it's preferable. As far as signalling interest in tax, I haven't worked at a national firm, but signalling your strong interest in tax can backfire. If they don't need a tax associate, and you've sent too strong a signal it's tax or bust, it's not rocket science what they're going to do on hireback.
  10. Tax Lawyers

    What Bob said, that's what I did. When I've spoken to people, I've reminded students that it's almost impossible to article in tax so there's no need to focus your efforts on tax. I think only Thorsteinssons and some of the accounting firm captive law firms. At the big national firms, you can at most do a few tax files or perhaps a rotation at most. So 99% of tax lawyers articled doing something other than tax (likely corporate) and getting hired into the tax group or finding a tax position afterward. I would add considering clerking at the Tax Court, especially if you're thinking litigation. I found it to be a great experience.
  11. I was being serious, though perhaps it may be fair to say tax lawyers perhaps more than any others, can dress terribly as long as they know their shit. I think a client will tolerate a really weirdly dressed, or even sloppy tax lawyer who's brilliant but I don't think you can get away with the same in M&A.
  12. Very true for the old timers. In general, and I can only comment for men, I find tax lawyers to be the most genuinely into clothes and thus the best dressers of lawyers.
  13. This. Hire an accountant, they could also be a source of referral work!
  14. Suits For Men

    I totally agree. I am not wearing a tie or jacket most days, and have been not wearing my french cuff shirts for that reason, which has made me painfully aware I have too many French cuff shirts.
  15. Sure, they make it easy for you to become a fee paying member. That's how they get you.
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