Tax
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September 06, 2024
Securities regulators from across North America to gather in Vancouver starting Sunday
Securities regulators from across North America will gather in Vancouver this weekend and into early next week to discuss current issues affecting the industry, including emerging regulatory issues related to artificial intelligence (AI).
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August 26, 2024
Canada to implement 100% surtax on Chinese EVs to address ‘extraordinary threat’
Canada is bringing measures to implement a 100 per cent surtax on all Chinese-made electric vehicles (EVs) as Chinese producers “benefit from unfair, non-market policies and practices,” making the Canadian auto sector and workers face “unfair competition.”
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August 23, 2024
Court: PC Bank can claim tax credits for payments to Loblaws on points redemptions
Loblaw’s financial services arm can claim notional input tax credits (NITCs) for redemption payments made to Loblaws when consumers use their credit card points to make purchases, the Federal Court of Appeal has held.
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August 21, 2024
A beginner’s guide to cross-border tax issues for professional athletes: Part two
In part one of this series (see below for the link), we began looking at some of the main tax issues being faced by Canadian athletes who compete in the United States. Part one put a particular emphasis on residency for tax purposes in both Canada and the United States and alluded to the impact the Convention Between Canada and the United States of America (the Treaty) has on residency and the ultimate tax burden of an athlete.
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August 19, 2024
A beginner’s guide to cross-border tax issues for professional athletes: Part one
Professional sports in North America is a multibillion-dollar industry. Television rights, merchandise and sports betting are major areas in which the sporting industry has and continues to expand its global reach. However, at the centre of it all are the athletes themselves.
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August 16, 2024
Surrendering U.S. citizenship: How it can help, how it can hurt
U.S. citizenship is a privilege for many, but it can also be a burdensome and unwanted obligation for others.
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August 15, 2024
When is a tax-free savings account not tax free?
A taxpayer can invest through a Tax-Free Savings Account (TFSA) and the income earned is tax-free even when withdrawn. This is in contrast to the Registered Retirement Savings Plan (RRSP) in which withdrawals from the account are taxed. However, contributions to an RRSP are deductible from taxable income. TFSA contributions are not.
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August 14, 2024
Ontario Court of Appeal overturns fraud convictions, citing ineffective defense counsel
The Ontario Court of Appeal has set aside two fraud convictions, finding that the legal representation the defendant received at trial fell below the standards of reasonable professional judgment and undermined the fairness of his trial.
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August 14, 2024
Canada ‘disappointed’ in U.S. increase in ‘unfair and unwarranted’ softwood lumber duties
In a lingering, decades-long trade dispute, Canada is again crying foul over an increase in U.S. duties on Canadian softwood lumber.
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August 09, 2024
Saskatchewan Court of Appeal quashes property assessment due to reliance on prior year’s decision
The Saskatchewan Court of Appeal has allowed an appeal regarding the assessment of a Saskatoon property that was valued at over $3 million.