Kenneth Keung and Evan Crocker are quoted in Investment Executive article titled “CRAʼs 10% interest rate on overdue tax raises risks“, published on November 13, 2023.
Kenneth Keung quoted in Investment Executive article titled “Window closing on family business transfers using Bill C-208”, published on October 10, 2023.
Kim G C Moody is quoted in the Tax Notes article titled “Canada’s Supreme Court Upholds GAAR Application in Deans Knight”, May 30, 2023
Kenneth Keung and Evan Crocker are quoted in the Investment Executive article titled “Tougher minimum tax regime poses planning challenge”, May 8, 2023
Kim G C Moody is quoted in the Tax Notes article titled, “‘We Are on Strike,’ CRA Workers Union Announces”, Tax Notes, April 20, 2023
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Travelling to the US? If you’re a US expat who doesn’t renounce properly, your trip may never get off the ground.
Air travel can be stressful. Rising airfares and hotel costs, flight cancellations, pilot strikes, long security wait lines, and lost luggage are just some of the headaches that travellers face as more and more people head to the US. US expats may want to be extra cautious, especially if they fall into one of two categories.
US Admits Israel Into Visa Waiver Program
On September 27, 2023, Secretary of Homeland Security Alejandro N. Mayorkas and Secretary of State Antony J. Blinken announced in a joint statement that the US would be admitting Israel into the Visa Waiver Program (VWP). This expansion will be welcome news to Israelis wishing to visit the US as it aims to strengthen further the security, economic, and people-to-people ties between the two countries.
Will Charities Suffer from the Proposed AMT Legislation?
What will be the impact that the new AMT will have on charitable giving? At this point, it is hard to quantify. The vast majority of Canadian taxpayers will be unaffected by this proposed legislation. However, high net-worth / high-income individuals faced with an increased tax burden may alter their philanthropic practices.
What the recent FATCA decision means for US Expats (and the news is not good).
The Supreme Court of Canada handed down a landmark decision to dismiss an application for leave to appeal a challenge to the constitutionality of Part XVIII of the Canadian Income Tax Act. The decision obliterated any hope of striking down FATCA (Foreign Account Tax Compliance Act) legislation that allows Canadian banks to share the banking information of any US citizens living in Canada.
Canada’s Tech Talent Strategy: Creation of Open Work Permit for U.S. H-1B Visa Holders
For those in specialty occupations looking to immigrate to Canada temporarily, a new government strategy includes the creation of an open work permit stream for H-1B ‘specialty occupation’ visa holders in the United States.
Why US Citizens Who Are Residents of Canada Should Take Note: The Supreme Court of Canada Has Dismissed the Constitutionality Challenge of US FATCA
In a decision dated July 13, 2023, the Supreme Court of Canada has dismissed an application for leave to appeal filed by the appellant challenging the constitutionality of Part XVIII of the Canadian Income Tax Act.
Kenneth Keung and Evan Crocker are quoted in Investment Executive article titled “CRAʼs 10% interest rate on overdue tax raises risks“, published on November 13, 2023.
Kenneth Keung quoted in Investment Executive article titled “Window closing on family business transfers using Bill C-208”, published on October 10, 2023.
Kim G C Moody is quoted in the Tax Notes article titled “Canada’s Supreme Court Upholds GAAR Application in Deans Knight”, May 30, 2023
Kenneth Keung and Evan Crocker are quoted in the Investment Executive article titled “Tougher minimum tax regime poses planning challenge”, May 8, 2023
Kim G C Moody is quoted in the Tax Notes article titled, “‘We Are on Strike,’ CRA Workers Union Announces”, Tax Notes, April 20, 2023
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