On October 3, 2016, among a series of other measures, the Department of Finance introduced significant changes to the principal residence exemption rules under the Income Tax Act (Canada).

If you are a U.S. citizen living outside of the United States and you have not been filing your U.S. personal income tax and financial reporting forms, it is time to consider your options.

IFRS 9 Financial Instruments introduces major accounting changes for financial assets that are likely to significantly impact the financial statements of credit unions and other lending organizations, such as leasing companies.

The recent ruling of the Supreme Court of the United States in South Dakota v. Wayfair, Inc., while receiving little coverage here in Canada, may have a substantial impact on how Canadian companies do business ...

Discretionary family trusts are used extensively for tax, family and succession planning, as they afford enormous flexibility

For many business owners, price might not be the most important factor in the negotiation.

CPA Canada has issued Canadian Standard on Review Engagements (CSRE) 2400 Engagements to Review Historical Financial Statements.

IFRS 15 was issued by the International Accounting Standards Board (the IASB) to provide a single global standard prescribing how a reporting entity would recognize revenue from a contract with a customer.

The settlement of an estate can be a magnet for litigation. That's particularly likely in families where the estate is complex, possibly involving ongoing businesses and investment property.

Farmers and farm corporations in supply management sectors buy and sell quota regularly.

It is critical in any succession/estate plan to ensure that financing is in place to fund the purchase of a business interest.

An inversion transaction consists of a plan or a series of related transactions resulting in a foreign corporation becoming a "surrogate foreign corporation" (and thus becoming subject to certain U.S. tax implications).

Canadian residents probably do not give much thought to Obamacare, otherwise known as the Affordable Health Care Act in the United States.

Is yours a mid-sized law firm newly embarking on a PR campaign? Where should you begin? Similar to the pretrial steps taken by parties to a litigation, a good place to start is with "discovery."

Historically, the Government of Canada has supported the agricultural sector with favourable rules in the Income Tax Act (the Act), among other strategies.

For many entrepreneurs, the need to find financing can be like trying to sprint while dragging a weight along the ground.

Employers make annual tax deductible contributions to an RCA that are subject to a refundable 50% withholding tax.

The nil consideration election for GST/HST purposes in section 156 of the Excise Tax Act (ETA) was updated recently with changes in effect Jan. 1, 2015.

The past several years have been a wild ride for many U.S. taxpayers (and tax practitioners), in particular for those residing outside of the country.

On July 18, the Department of Finance released a consultation paper outlining a number of measures designed to close down various tax planning strategies currently available to owners of...