Blog
Corporate Tax Planning
Canada’s Election Brings Plenty of Tax Promises
Canada is about halfway through a Federal Election, just a couple of years after the Liberal party was elected with a minority government in 2019. The election, which is set to take place on September 20 is close, and each of the three major national parties is making plenty of promises related to tax and the economy. We wanted to take a few moments to provide our readers with a breakdown of what each party… Read More
Bitcoin
CRA Continues To Seek Information On Cryptocurrency Holders
As cryptocurrencies continue to play a growing role in the economies of both Canada and the United States, it makes sense that government bodies are trying to get a better understanding of who owns cryptocurrencies and how much those holdings are worth. We wrote in March of this year about the tax obligations people have in relation to cryptocurrencies. Today we wanted to talk a little bit about how the Canadian government is attempting… Read More
Sports & Entertainment
Major News In The Sports Card Business
For professional athletes, and as we have recently discussed, college athletes, the income that can be generated from licensing their names and likenesses to collectible and memorabilia companies can be significant. Just this week, announcements within the industry have made it clear that the market is about to undergo a significant shift. How much is the sports card and memorabilia market worth? The website Sports Card Investor published a story last… Read More
Personal Tax Planning
Biden’s Tax Plan Inches Closer To Law
Back in April, we wrote about how both the United States and Canada were planning on raising tax revenue in large part by imposing higher taxes on people in the highest tax brackets. As Canada gets ready for an election, we are bound to see the major political parties sharing their suggestions for tax planning, though few new details are available at this time. Meanwhile, in the United States, the Biden administration is pursuing… Read More
Business Expansion to the U.S.
Canada and the United States Prepare To Open Borders
As more and more people become fully vaccinated against COVID-19 people on both sides of the US-Canada border, particularly those who travel for work or maintain homes in each country, are looking forward to being able to travel across the border more easily. However, while restrictions are easing, border mobility is still much more difficult than in years past. We wanted to take some time in this week’s blog to update our readers with… Read More