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The cost of being a US citizen living abroad extends well beyond going through the motions of staying US tax compliant annually. It includes legal/accounting fees, huge failure-to-file penalties if late...

In our last two blogs on subsection 55(2), we provided our reasons for disagreeing with to the CRA's position regarding the application of subsection 55(2) to a transaction...

On March 29, 2012, The Honourable Jim Flaherty, Minister of Finance released the 2012 Federal Budget.

On February 27, 2018, the federal government released its annual "budget." This summary focuses only on the tax measures as it relates to private clients and our related commentary.

At this time of year, many tax professionals are inundated with tax questions and assumptions about how busy they may (or may not) be.

In Greek mythology, Icarus flew with wings made of feather and wax but he was overly-ambitious.

Post-mortem planning to avoid long-term double taxation for shareholders of private corporations is a fundamental planning objective.

On Friday June 7, 2019, the Canada Revenue Agency ("CRA") Roundtable of the annual STEP Canada National Conference was held.

The focus of this article is to examine the entitlement of a client of a law firm that employs accountants to assist its lawyers in the provision of legal advice...

It's The Most Tax-iest Time Of The Year

If you are one of the many US citizens contemplating renouncing your US citizenship, Congress recently sent a fairly clear message that now, as opposed to later, may be the right time to get out of the club.

On November 30, 2020, the Canadian Federal Government released the Fall Economic Statement 2020 (the "Economic Statement").

Well, the 2019 Federal Budget was released today. Overall, outside of a couple of surprises, the tax content was almost not newsworthy.

The 2017 Federal Budget contains a proposal to repeal section 34 of the Income Tax Act (the "Act").

As discussed when when we first wrote about this topic in 2015, our firm has long believed that accountants and lawyers should work together in the delivery of tax services.

WhamLast Christmas, I gave you my tax issues But the very next day you threw them away This year, to save me from tears I'll give them to Moodys Tax firm

Canadians who thought they had invested in a partnership when they invested in a US Limited Liability Limited Partnership may be surprised in the coming weeks to find they actually own a "hybrid entity".