Blog
Tax Compliance
The Importance of Record-Keeping for Tax Purposes
As the calendar year draws to a close, many business owners are preparing to begin the process of filing their taxes. Since the outbreak of COVID-19, there has been an increase in the number of people working from home. This can lead to a greater need to organize receipts to show which expenses can be classified as business expenses and which are personal. A recent decision from the Tax Court of Canada highlights… Read More
Sports & Entertainment
Major League Baseball Enters Lockout
Outside of critical institutions such as education and healthcare, there is likely no public outrage equal to that which comes as a result of a labour stoppage than when they occur for major league sports. Much like other unionized workplaces, Major League Baseball, the National Football League, the National Basketball Association, and the National Hockey League, all operate with collective bargaining agreements (“CBAs”) between players and owners. Much like CBAs in other workplaces,… Read More
Tax Disputes & Litigation
Supreme Court of Canada Clarifies Application of the General Anti-Avoidance Rule to Tax Treaty Exemption
The Supreme Court of Canada recently released a decision in which it had to determine whether the general anti-avoidance rule under Canadian tax legislation could be applied to a company that had claimed a tax exemption under a tax treaty with Luxembourg. American Company Incorporates Subsidiaries in Canada and Luxembourg In 2011, two American firms founded an American company for the purpose of acquiring and developing unconventional oil and natural gas properties. The company… Read More
Property
No Intention of Taxpayer to Flip Condo for Profit, Despite Less Than One Year of Possession: Tax Court
As a law firm assisting clients in both the United States and Canada, we have many clients who own property in each country and may sell their property for profit or continue to maintain personal homes on both sides of the border. It’s not uncommon for Canadians to move to the United States (and vice versa) for short or long timeframes. When doing so, that person might decide to sell their property in Canada. Read More
Personal Tax Planning
Canadian At Centre Of Alleged Tax Scheme
At Feigenbaum Law, we help clients establish personal and corporate tax strategies that are compliant with applicable laws and that take advantage of current and future opportunities to reduce tax burdens. This can be a nuanced practice, particularly when clients have businesses or personal interests in both the United States and Canada. It’s important for people looking to reduce their tax obligations to work with experienced and knowledgeable professionals to ensure everything is… Read More