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Cross-Border Tax Issues

How Will The Biden Presidency Impact The Wallets Of Canadians?

The word was watching this week as Joe Biden became the 46th President of the United States. While this is undoubtedly huge news for Americans, the implications of a new president will be felt around the world, and certainly in Canada. In this week’s blog, we want to look at how the Biden presidency could impact Canada and its economy. Biden reverses decision to allow Keystone XL pipeline One of the first announcements to emerge… Read More

Sports & Entertainment

NHL Makes Its Return To Play During COVID-19

Throughout COVID-19 we have been keeping track of how professional and college sports have planned their return to play. With Major League Baseball’s season behind us, the NFL in the playoffs, and the NBA underway, the NHL was the last of the major pro sports to begin a new season. We’d like to take a moment this week to discuss how the NHL has planned their return to play and what lessons may be… Read More

Personal Tax Planning

Husband’s Reassessed Income Results In Loss Of Benefits For Wife

While tax obligations and benefits financial benefits collected from the government might seem like distinct responsibilities and benefits, it can be the case that a taxpayer’s situation might impact their own or their family’s available benefits. A recent decision from the Tax Court of Canada shows how this can be the case. In the decision, a taxpayer appeals a decision to claw back Canada Child Tax Benefits that were paid to… Read More

A home office representing new CRA deduction process for work at home expenses

Corporate Tax Planning

COVID-19 Allows Tax Breaks For Those Working From Home

The COVID-19 pandemic saw a huge increase in the number of people working from home. Many people in all parts of Canada still find themselves working from home, and likely will for some time. Of course, working from home usually means the employee faces costs they wouldn’t otherwise have to deal with when working in an office or other workspace. Employees have had to pay for costs associated with setting up a home office, including… Read More

The Ambassador Bridge representing a US taxpayer spending part of the year in Canada

Cross-Border Tax Issues

Creditors Attempt to Lower Bankrupt’s US Tax Bill to Secure Payment

People who work or do business on both sides of the Canada-United States border often have tax obligations to both governments as well. A failure to employ a tax plan that takes these considerations into account can leave an individual with a larger tax bill than they might expect. In an interesting case from a bankruptcy court in the United States, a taxpayer had entered into bankruptcy. With the IRS as… Read More