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The Ontario government announced this fall that the Ontario Interactive Digital Media Tax Credit program is under review as the program has seen a rapid increase.

Effective July 01, 2015, this date marks the beginning in the gradual reduction in Recaptured Input Tax Credits (RITC) requirements for large business with annual sales greater than $10 million...

A discussion on some of the more contentious cross-border issues affecting foreign corporations doing business in Canada, and Canadian corporations doing business abroad.

The President of the United States on Friday March 27, 2020 signed into law the Coronavirus Aid, Relief, and Economic Security Act, known as the CARES Act.

Very soon, an Alberta corporation will no longer be required to have any Canadian citizens on its board of directors. In addition, director resident information will no longer be collected.

It has been a long-standing stereotype that Canadians live in a deep freeze for 364 days of the year and are crushed under some of the highest taxes in the world.

An M&A Series by Cassels Brock, partner Andrew Reback looks at tax related issues that may arise whenever shares of companies are purchased or disposed of.

On December 30, 2004, the Quebec Minister of Finance, the Honourable Yves Séguin, on behalf of the Quebec Government, announced an increase in the rate of the Quebec Refundable Tax Credit for Film or Television Production Services from 11% to 20% of eligible Quebec labour costs

Québec’s Finance Minister, Nicolas Marceau, unveiled the province’s strategy to correct its budget deficit in 2013-2014 by implementing spending restraints and imposing higher taxes for the wealthy while sparing mining companies from the anticipated increase in mining royalties…. for the time being.

On February 5, 2014 Canada and the U.S. executed a model 1 intergovernmental agreement ("IGA"), which relieved Canadian financial institutions from many of the onerous obligations under FATCA.

The Canadian federal budget tabled on March 29, 2012 (the "Budget") proposed a number of important amendments that affect cross border planning with Canadian corporations.

In 2004, the U.S. Congress enacted section 409A of the U.S. Internal Revenue Code to eliminate perceived abuses in the taxation of non-qualified deferred compensation.

The Minister of Finance for Canada - the Honourable James Flaherty - tabled the Conservative Government's federal Budget 2009 titled "Canada's Economic Action Plan" at 4:00 p.m. this afternoon.

On December 30, 2024, the Federal Government proposed an extension of the 2024 charitable donation deadline from December 31, 2024, to February 28, 2025...

On October 16, 2017, the Federal Government announced that it will lower the small business tax rate from 10.5 to 10 per cent, effective January 1, 2018, and to 9 per cent, effective January 1, 2019.

With the Canada Revenue Agency cracking down on unreported international investments, taxpayers need to understand the risks they now face — and learn how to effectively manage the new challenges...

International tax treaties generally tax income from business on a net basis. This contrasts with the taxation of investment income, which is taxed on a gross basis.