The year 2017 was eventful from both Canadian and U.S. tax perspectives. In Canada, the Liberal government introduced new rules on income splitting and released controversial proposals on the taxation...

On October 15, 2012, the Canadian Minister of Finance tabled in the House of Commons a Notice of Ways and Means Motion to implement proposed tax changes.

The Department of Finance announced this morning that it will amend the Income Tax Act (Canada) (the "Tax Act") in response to certain transactions involving "stapled securities" that it considers to be end runs around its efforts to tax income trusts.

Last week, the IRS granted a further four-month extension of the deadline for pre-2010 FBARs in situations where a U.S. person had signature or other authority over a foreign financial account but did not have a beneficial interest in such account.

The IRS has announced a delayed phase-in of the Foreign Account Tax Compliance Act ("FATCA") information reporting and withholding tax requirements.

Investors and operators are shifting from broad AI excitement to disciplined evaluation of practical adoption and durable business models. Key considerations include evolving pricing strategies, vertical AI opportunities for startups, and the importance of deep customer understanding in converting AI interest into sustainable revenue.

With royal assent to Bill C-56, The Affordable Housing and Groceries Act, occurring on December 15, 2023, important changes to Canada's competition law framework came into force.

Our Doing Business in Québec guide provides an overview of the legal framework governing Canadian business operations in the province of Québec. This guide provides up-to-date information...

The recently updated guide is a resource for foreign and domestic acquirers, targets, investment banks, shareholders and directors...

Davies' Canadian Mergers & Acquisitions guide draws on our substantial cross-border M&A experience to offer guidance on both the legal framework and practical aspects of Canadian mergers and acquisitions...

The percentage rises to 96% in the United States, which is one of the leading enforcers of foreign bribery offences.

While Canada, along with the rest of the world, continues its efforts to address the COVID-19 pandemic, several recent federal and provincial announcements have confirmed that government has not lost sight of the threat posed by global climate change.

The Ontario government's 2021 budget was delivered on March 24, 2021. Although there was no doubt that the focus of the budget would be on the ongoing health...

The Commercial List of the Ontario Superior Court of Justice recently granted an order structurally similar to a reverse vesting order in the receivership proceedings of Vert Infrastructure Ltd. (Vert).

The trial judge found that several allegations in the affidavit were inaccurate, incomplete or simply misleading.

It was a pleasure to connect with international colleagues at IBA 2024 in Mexico City last week. We look forward to welcoming attendees to Toronto next year, when it will be the host destination for IBA 2025.

In our annual Tax Review and Outlook report, we outline significant tax developments that shaped the Canadian and U.S. tax landscapes over the past year and consider what to watch for in the year ahead.

As the U.S. tax reform process continues, the comprehensive tax bill that passed the House of Representatives in May is now under active consideration in the Senate. Earlier this week, the Senate Finance Committee...

NAFTA, the first multilateral free trade agreement between the United States, Mexico and Canada, became effective on January 1, 1994.

As pointed out above, the reporting obligation is only on the title insurance company, if any, that is involved in the transaction.