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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.

On February 9, Chief Justice ("CJ") Rossiter of the Tax Court of Canada ("TCC") provided the third TCC reopening update. Here are our top ten highlights.

The City of Montréal (City) recently published a draft bylaw titled By-law concerning the transfer for the purposes of establishing, maintaining and improving parks and playgrounds...

When the Canada Revenue Agency (CRA) investigates potential tax fraud, they will typically rely on search warrants in order to seize books and records to gather evidence.

The rules around interest deductibility are becoming more and more complex. As a business grows and expands their operations to new jurisdictions, and adopts a corporate structure designed...

Every year, as June 15 rolls around, hundreds of thousands of Americans living abroad receive the same...

In a recent research study, the US Department of the Treasury identified a considerable number of non-resident aliens (NRAs) who were not reporting income from US rental properties

Parents with kids in post-secondary schools often get a case of sticker shock around this time of the year.

The IRS started to accept 2016 individual tax returns on January 23, 2017. A nonresident alien individual must renew his or her Individual Taxpayer Identification Number (ITIN) in order to file...

As stated in our previous blogs, on January 09, 2012 the IRS extended the Offshore Voluntary Disclosure programs indefinitely for US citizens who live abroad and who are not current on their US tax obligations.

On October 6, the Ontario government introduced Bill 213: Better for People, Smarter for Business Act, 2020 and the purpose is to make incorporation more welcoming to foreign-owned or foreign-controlled corporations.

The federal government's 2014 Budget contained a host of changes, including "proposals" to change the taxation of eligible capital property (i.e., goodwill, patents, trademarks, intellectual property, etc.)...

A T5018 is a CRA taxpayer information return known as the statement of contract payments.

The Tax Court of Canada has established a pilot project for regular motion days in Toronto for the period of February to September 2016. The Court will review the initiative in September 2016.

Most are not impacted and read them out of curiosity. However, for some Canadian residents, there may be cause for concern, but also, a solution.

Most taxpayers know that when you sell an asset which has increased in value, the federal Income Tax Act provides that you will generally be liable for capital gains tax...

When non-Canadian residents decide to start a corporation in Canada to operate a business, an important typical question is how to fund that business.