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U.S. Individual Taxpayer Identification Numbers (ITINs) are required by the IRS if you have U.S. tax reporting obligations and you are not eligible for a U.S. Social Security Number (SSN).

In 2005, the Canadian Revenue Agency (CRA) launched the Related Party Initiative (RPI), more commonly referred to as the High-Net-Worth Project or the Billionaire's Audit.

Circumstances change. What may have made sense for someone at one time of their life may not make sense at a different time.

Partnerships are a form of business organization often used in business, whether to bring together small groups of joint venturers or larger groups such as investors in private equity funds.

Canada’s 2010 Budget released March 4, 2010 makes several significant changes to the taxation of options and stock appreciation rights (SARs). In general, the new regime takes effect after 4:00 p.m. (EST) on March 4, 2010.

New income tax legislation relating to non-resident trusts is expected to be enacted early in the new year. The legislation is contained in Bill C-10 which is now before the Senate.

Everyone knows that death and taxes are two of life's certainties, but some of us may not appreciate that our tax liabilities don't disappear on death ...

On March 27, 2023, the Federal Government of Canada announced amendments to the Regulations accompanying the Prohibition on the Purchase of Residential Property by Non-Canadians Act...

Finance Minister Jim Flaherty tabled the 2011 federal budget yesterday.

The American Jobs Creation Act of 2004 (AJCA) contains numerous international tax provisions that may be relevant to companies with foreign subsidiaries. Section 422 enables a U.S. corporation to repatriate eligible earnings from offshore affiliates during a designated taxable year with a modest U.S. tax cost. If specified investment requirements and other criteria are met, the taxpayer may claim an 85% dividends received deduction, but no foreign tax credit or deduction for foreign taxes paid.

Budget 2013 announced the Government's intention to consult on possible measures to eliminate the tax benefits that arise from taxing at graduated rates "grandfathered" inter vivos trusts (created by an individual during his or her lifetime before June 18, 1971), testamentary trusts (trusts created by will), and estates (after a reasonable period of estate administration).

The B.C. Minister of Finance Michael de Jong has recently tabled the B.C. provincial budget for the 2013/2014 fiscal year.

On September 21, 2016, Canada and Israel entered into a new income tax convention intended to replace the existing Canada-Israel Income Tax Convention.

The Government of Canada has released this year's Federal Budget, and the Tax group at Dentons has prepared a Special Report providing a detailed analysis and concise summary of the changes featured in the Budget.

In Canada (National Revenue) v Atlas Tube Canada ULC, the Federal Court held that Canada Revenue Agency could compel a private corporation to disclose its draft tax due diligence report during the course of an ongoing audit.

For resident Canadian taxpayers that hold Swiss bank accounts which have not been reported to the Canada Revenue Agency ("CRA"), the window to come clean with Revenue Canada by filing a Voluntary Disclosure...

In a new audit approach CRA has been reviewing the records of Canadian casinos and sending proposed tax assessments amounting to multi millions of dollars to Canadian gamblers on the basis of unreported income.