The Top Ten US Tax Reform Changes That Will Impact Everyday Canadians

We needed to catch our breath before we could write about the Tax Cuts and Jobs Act of 2017-2018 (interchangeably, "TCJA" or "Act"), the massive tax reform bill that President Trump signed into law on December 22, 2017.¹ Why? Because we haven't exhaled since the Act was introduced on the House floor as H.R. 1 last November 2, 2017.

Like many of you, we wished that it would go away, because clearly, it had to be some nightmare bill that would be quickly extinguished before the holiday season got into full swing. Alas, it was not to be. Instead, week after week for the next six weeks, we sat transfixed before our computer monitors, watching the House and Senate webcasts on H.R. 1 as it dramatically swept through the U.S. Congress with the trademark plot twists and turns of a daytime soap opera.² Even better than a soap opera, it was like watching a PBS Masterpiece Theatre production that nearly shared the same opening day as the film Star Wars: The Last Jedi ("TLJ"). ³