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
Kim G C Moody is quoted in The Globe and Mail article titled, “Why snowbirds who spend significant time in the U.S. face major tax repercussions”, The Globe and Mail, April 12, 2023
Doug S. Ewens is quoted in the latest Tax Notes article titled “Tax Court Jurisdiction Row to Be Heard by Canada’s Highest Court”, Tax Notes, February 27, 2023
Kim G C Moody is quoted in a Postmedia/MSN article titled, “Charitable status revoked for 12 B.C. charities linked to single Vancouver company”, Postmedia/MSN, February 28, 2023
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Our Review of the 2024 Federal Budget: An In-Depth Analysis
On April 16, 2024, the government of Canada released its Budget 2024. Overall, this budget can be characterized as a very heavy spending budget with continued large deficits, no fiscal anchor, increasing public debt charges (now estimated to be a whopping $54.1 billion for the upcoming year.
Canadian Citizenship 101: How To Become a Canadian
Have you thought about becoming a Canadian citizen? There are many benefits of becoming a Canadian citizen, including access to healthcare, global mobility, and the ability to renounce another citizenship that may no longer serve your needs.
Have you ever wondered how much your US citizenship is costing you? Why renouncing could save you hundreds of thousands and open new doors for financial opportunities.
As US expats prepare for another expensive and stressful tax filing season, we’ve compiled a list of items that illustrate a few of the standard costs of their US citizenship while living abroad – in addition to the headaches, stress and sleepless nights that come with it.
The EB-5 Attracts More Investors as USCIS Data Trends Positively
Positive trends in filings and processing indicate increasing interest and trust in the EB-5 program as a viable path to a green card and suggest an improving outlook for its future. As stakeholders and prospective investors await further developments, including an upcoming fee increase, it will be important to continue monitoring these numbers in the upcoming quarters.
Looking to make 2024 your last filing year for US taxes? Here’s what you need to do.
In a recent survey, one in five US expats (20%) is considering or planning to renounce their US citizenship. What’s the main reason? The headaches associated with filing US taxes, the complexities of US tax laws, and owing US tax. So far, in 2023, we have seen a big jump in the number of people going through the official process of renouncing.
Intergenerational Business Transfer Rules are Changing in 2024
Finance’s final legislative proposals have substantially tightened the IBT rules from its Bill-C- 208 counterpart. By introducing a new series of management, control, and active business / active engagement tests, the revamped rules attempt to ensure that the IBT exemption will only apply to transactions in which there is a genuine intergenerational transfer of a business.
Alexander Marino recently appeared on the Global Investment Voice Podcast to discuss the benefits of renouncing US citizenship on March 14, 2024.
Alexander Marino guested on the Snowbirds US Expats Radio Podcast about the benefits of renouncing your US citizenship on January 17, 2024.
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
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