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Insight on what’s happening in the world of tax, law and accounting so you can stay ahead.

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Alexander Marino recently appeared on the Global Investment Voice Podcast to discuss the benefits of renouncing US citizenship on March 14, 2024.

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Alexander Marino guested on the Snowbirds US Expats Radio Podcast about the benefits of renouncing your US citizenship on January 17, 2024.

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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.

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Kenneth Keung quoted in Investment Executive article titled “Window closing on family business transfers using Bill C-208”, published on October 10, 2023.

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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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The best tax advice you’ll ever receive: AVOID CHARITABLE TAX SHELTERS

Last week, a longtime colleague of mine sent me a link to some promotional material that a charitable tax shelter had recently distributed. The material was trumpeting a “win” in the Federal Court regarding a procedural matter for a taxpayer involved in a charitable tax shelter. To “celebrate” such a “win,” the tax shelter was offering a discount, for a “limited time” to its subscribers for its latest offering. As I read the material, my stomach turned. For those of you who know me, it will be no surprise that I despise charitable tax shelters.

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The Federal Court of Appeal decision in MacDonald : The best things in life are worth waiting for

On April 26, 2012, our firm wrote about the Tax Court of Canada’s decision in MacDonald that dealt with pipeline transactions and the possible application of subsection 84(2) of the Income Tax Act (the “Act”). Almost a year to the day later, April 25, 2013, the Federal Court of Appeal (“FCA”) released its decision in the Government of Canada’s appeal. For the reasons discussed in this blog, the decision is an unfortunate reversal of the good news that was discussed in our previous blog.

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Kim Moody discusses Alberta’s recent court battle and resulting loss of $120 million in corporate taxes

Kim Moody was quoted in the Calgary Herald discussing the loss Alberta suffered in a six-year battle against nearly a dozen corporations it argued were illegally avoiding paying tax.

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New US tax law may negatively affect Canadian retirement plans

On April 2, 2013, we were in Washington DC to present the Canadian perspective on the proposed regulations under IRC 1411, the provision that implements the 3.8% tax on net investment income that was enacted as part of the US health care overhaul in 2010.

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Three important changes to IRS Streamlined filing procedures for US taxpayers resident in Canada

The IRS recently released answers to frequently asked questions regarding its new Streamlined filing compliance procedures (“Streamlined”) for US persons who reside outside of the US and are not current on their tax and filing obligations.

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The 2013 Canadian Federal Budget: Lots of technical tax changes

Budget Day 2013 finally arrived on March 21, 2013. By now you have likely received dozens of Budget 2013 summaries. After having had the opportunity to absorb the proposed tax changes, we are excited to share our reflective comments on some of the key proposed measures that will affect our clients and friends. This is lengthy so apologies in advance.

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***CLICK FOR ALL NEWS***

Alexander Marino recently appeared on the Global Investment Voice Podcast to discuss the benefits of renouncing US citizenship on March 14, 2024.

***CLICK FOR ALL NEWS***

Alexander Marino guested on the Snowbirds US Expats Radio Podcast about the benefits of renouncing your US citizenship on January 17, 2024.

***CLICK FOR ALL NEWS***

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.

***CLICK FOR ALL NEWS***

Kenneth Keung quoted in Investment Executive article titled “Window closing on family business transfers using Bill C-208”, published on October 10, 2023.

***CLICK FOR ALL NEWS***

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