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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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Don’t let the tax tail wag the dog

At Moodys, our bench strengths are Canadian, US, and cross-border tax advisory services. We are a unique multi-disciplinary firm that employs both accountants and lawyers to arrive at optimal solutions for our clients. However, what does “optimal solutions” mean? Good question.

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Tax resiliency

I was catching up on my reading over the weekend and I came across a short essay published by the Harvard Business Review. Two paragraphs of the article struck a chord. They read as follows:

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Canada Revenue Agency (“CRA”) trust audits: An update

Our firm’s June 21, 2010 blog (yes, that’s over two years ago), discussed the CRA’s domestic trust audit project. Our February 9, 2011 blog discussed the CRA’s high net worth audit initiative (or what the CRA calls the “Related Party Initiative” or “RPI” for short). These are two very high profile audit initiatives undertaken by the CRA. What is the status of these projects? Good question.

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Employees profit-sharing plans: A technical review and update

In 2004, I provided a technical review of employees profit sharing plans (“EPSPs”) as part of a paper that I wrote for the Canadian Tax Foundation. The 2012 Federal Budget significantly changed the game. Accordingly, I thought it might be time to update my 2004 analysis.

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Small-firm practitioners: How can they cope with the fast pace of change?

One of the largest sources of work for our firm is from accounting and law firms who need specialized domestic and cross-border tax advice. Such practitioners are great friends of our firm.

As the world becomes more complex, small-firm accountants and lawyers can have a very difficult time keeping up with the pace of change that occurs around them.

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The story of the cow, the pipeline and MacDonald (regarding the taxpayer’s victory involving subsection 84(2) and the GAAR)

Well, it has been quite a week… first we have a story about a runaway cow that walks up to the drive-through window at a McDonalds restaurant in Brush, Colorado. That’s pretty funny stuff, but the story of the very recently released Tax Court of Canada’s decision in MacDonald, as discussed below, is even better.

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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