It is clear to business leaders, either motivated by profit or not, that government and its legislation will continue to make it increasingly challenging to run a profitable or financially viable not-for-profit venture.

In the 2013 Budget, the Minister of Finance proposed making changes to the way Canadian taxpayers disclose their foreign investment holdings.

The small business deduction has been the focus of much attention recently, with perceived abuse of the available deferral provided to corporations.

If you have worked in both Canada and the United States or are contemplating a move to the U.S. after years of working in Canada (or vice versa) ...

This article is the third in a series of four examining the Canadian and U.S. income tax implications of the temporary assignment of an employee from Canada to the U.S.

When a Canadian company creates a U.S.-based subsidiary, one of the first issues to be addressed is how to fund those operations.

The Internal Revenue Service (IRS) has announced it will begin to wind down the 2014 Offshore Voluntary Disclosure Program (OVDP) and close it entirely on Sept. 28, 2018.

On March 22, 2016, the Minister of Finance, Honourable Bill Morneau, tabled Budget 2016. Budget 2016 contains numerous business income tax measures.

In today's increasingly digital world, having tools and programs that are as advanced as those of the competition plays a critical role in the success of any business.

In our November 25, 2014 Tax Alert, we outlined how the rules could result in a mismatch of tax liability to assets.

This article is the fourth and final part in a series examining the Canadian and U.S. income tax implications of the temporary assignment of an employee from Canada to the U.S.

This article is the first in a series of four parts that will examine the Canadian and U.S. income tax implications when an employee employed by a Canadian entity is assigned temporarily to work in the U.S.

The U.S. Internal Revenue Service (IRS) recently announced a special voluntary disclosure initiative that should be of particular interest to U.S. citizens resident in Canada.

On April 23, 2015 Finance Minister Charles Sousa tabled his third Budget.

Today, no one seems to doubt the existence of tax havens. But tax hell... does it exist?

Cell phones are with individuals at all times. Access to the physical device is usually secured through a password. This creates an element of trust.

Work in progress (WIP), work performed but not yet billed, is a ubiquitous aspect of business for professionals. Under the Income Tax Act, WIP is deemed to be inventory.

From a taxation perspective, the period from July 2017 to February 2018 has been one of the most tumultuous in recent history for Canadian private company owners.

The Harmonized Sales Tax (HST) was introduced in Ontario on July 1, 2010, bringing about changes for many businesses.

It's that time of year again – as an employer, what should you know about taxable benefits and the GST/HST?