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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 is quoted in an article titled “Trump bump: U.S. citizenship renunciation inquiries surge in Canada, lawyers say” on CBC News, January 28, 2025.

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Alexander Marino is quoted in an article titled “‘Scary’: Why US expats are tossing their citizenships – and it’s not just Trump” in The Sydney Morning Herald, November 1, 2024

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Kenneth Keung is quoted in the Investment Executive article titled “Quirk in capital gains tax rules raises risks for incorporated clients,” published on July 24, 2024.

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Kenneth Keung is quoted in the Investment Executive article titled “How should trusts flow out capital gains to beneficiaries in 2024?”, July 5, 2024.

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Kim G C Moody, Kenneth Keung, and Christopher Ellett are quoted in the Investment Executive article titled “When is the latest clients can sell assets prior to June 25?”, published on May 17, 2024.

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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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The upcoming 2013 Federal Budget

Last year, before the 2012 Federal Budget, I mused in a blog as to what it may contain. Accordingly, in the same vein and perhaps starting a little tradition for our firm, I’ll continue what I called “sport fishing for tax practitioners.”

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Would a pickup truck by any name be as depreciable?

On January 31, 2013, the Tax Court of Canada released Myrdan Investments Inc. v. The Queen and Daniel Halyk v. The Queen. These cases involve a business owner and the various business uses of his truck in the Alberta oil-patch. Automobile audits by the Canada Revenue Agency (“CRA”) are very common. Accordingly, these cases should be of particular interest to business owners who use motor vehicles for work and to their tax advisors.

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***CLICK FOR ALL NEWS***

Alexander Marino is quoted in an article titled “Trump bump: U.S. citizenship renunciation inquiries surge in Canada, lawyers say” on CBC News, January 28, 2025.

***CLICK FOR ALL NEWS***

Alexander Marino is quoted in an article titled “‘Scary’: Why US expats are tossing their citizenships – and it’s not just Trump” in The Sydney Morning Herald, November 1, 2024

***CLICK FOR ALL NEWS***

Kenneth Keung is quoted in the Investment Executive article titled “Quirk in capital gains tax rules raises risks for incorporated clients,” published on July 24, 2024.

***CLICK FOR ALL NEWS***

Kenneth Keung is quoted in the Investment Executive article titled “How should trusts flow out capital gains to beneficiaries in 2024?”, July 5, 2024.

***CLICK FOR ALL NEWS***

Kim G C Moody, Kenneth Keung, and Christopher Ellett are quoted in the Investment Executive article titled “When is the latest clients can sell assets prior to June 25?”, published on May 17, 2024.