ARTICLE · 13 NOVEMBER 2017

U.S. Tax Reform For Busy Canadians

Osler, Hoskin & Harcourt LLP

The release of H.R. 1, or the Tax Cuts and Jobs Act [PDF], by the U.S. House Committee on Ways and Means on November 2 marks the beginning of what will surely be a raucous and frantic push...

CanadaTax

Osler, Hoskin & Harcourt LLP

Lynne Lacoursière

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The release of H.R. 1, or the Tax Cuts and Jobs Act [PDF], by the U.S. House Committee on Ways and Means on November 2 marks the beginning of what will surely be a raucous and frantic push to enact U.S. tax reform. The draft legislation would usher in sweeping changes and shift paradigms that have shaped cross-border tax planning for decades. Many of the changes proposed in the bill were anticipated; others were not. Overall, if enacted, this bill would have a deep impact on Canadian businesses and investors with U.S. operations or assets. While there are many details to unpack in this 429-page document, two clear overarching themes emerge from this bill that Canadian businesses should take note of:

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U.S. Tax Reform For Busy Canadians

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