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About Chambertin

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  1. I think that is a little overblown. I think there are fewer plans out there to be able to go to a client and say 'I can save you X in tax' but it's an increasingly uncertain world and tax advice at the planning stage is more critical than ever, so I think planning is increasingly moving into here's how to avoid/reduce audit risk, or compliance burdens, etc. rather than "So there this Island, filled with Men..." stuff.
  2. As for what tax accountants do vs tax lawyers, the short answer is the same thing, in terms of planning, advising, etc. Accountants are always involved at the beginning, the lawyers sometimes. The main difference is that the accountants will do the number crunching and tax compliance (filing elections, returns, etc.) and the lawyers do the 'execution' (i.e. legal compliance such as resolutions, agreements, etc.)
  3. I tell my clients when it comes to the exact numbers, get your accountant to do it, because if you as me, I'm more expensive, and I'll probably get it wrong! For a tax lawyer, you want to have financial literacy skills. Being able to read financial statements or a balance sheet is much more important than worrying about doing the calculations.
  4. What do you call it when a bunch of people carrying on a business with a view to profit, argue about the value of their contribution? Rhymes with relationship... One thing they left out is the exceptions that are common in some firms. In addition to a firm not really adhering to its own partnership agreement as "Brian" complained about, but then there are the exceptions, negotiated perhaps to induce me to join, or to induce a merger, etc. and that are no longer justified but you better believe you're prying it out of my cold, dead hands.
  5. This is terrible because they haven't committed to anything. It's an agree to agree. It make you wonder about their sincerity. They can't even commit to an unpaid articling position, wtf?
  6. As a student I don't think any different than other practice areas; you just may be doing a higher ratio of research/writing since there's so much to learn. As associates, again, I don't think it is very different other than, as I understand, billable hours are lower because you have more non-billable time. So the amount of time isn't that different. The lifestyle can vary on the type of tax, public work vs say high net worth estate planning. The former is typically very time sensitive, the latter less so.
  7. Is your family one of these? Can you marry one of them? If that doesn't work, there's no concept of least amount of work, if you want to make partner you have to work the most of anyone. The question you should be asking your relatives is WHY they didn't pursue partnership and setup their own shops.
  8. I don't believe Ryerson is sincere in their desire to provide more access to justice. Their goal was to put forth a proposal that would get approved (and did.) I suspect they will plunge ahead, they've done all the work, all they need to do is double tuition and bob's your uncle. If a new liberal government comes in and funds the law school, so much the better. They'll have funding and won't lower tuition = more profit!
  9. Over/under Ryerson goes ahead with law school sans provincial funding?
  10. I would say two things, actually, three. You wrote so confusingly that I don't quite understand what you meant exactly but generally, I disagree you owe anything to classmates, they had the same shot at applying you did, too bad so sad for them. Second, you're thinking about it wrong, it's not about what YOU prefer, it's about setting yourself up to come as close to guaranteeing an offer as possible. Throw too many balls up in the air, and you won't catch any.
  11. This is the correct answer. You don't learn how to be a lawyer at law school, because law schools aren't interested in teaching you how to be a lawyer, and frankly, they don't know how, because 80% of your teachers will never have practiced a day beyond articling, if that. What you get out of law school is what you put in, so really it's the opportunities et al that separate law schools (beyond obvious stuff like location, tuition, etc.)
  12. I didn't do the math, but sure, that's a great rate (parents guaranteed?) and 30 years, ouch.
  13. I couldn't figure out how they're only paying $2600 a month on a townhouse for $716,000 with a $35,000 down payment. I want to know who their broker is!
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