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Personal Tax Planning

Case Alert: Donations to US Charities for Quebec Residents

A recent decision released by the Quebec Court of Appeal has left residents of the province without certain benefits under the Canada-U.S. Tax Convention (the “Treaty”), impacting the availability of tax deductions for donations made by Canadian companies to US charities. Article XXI(7) of the Treaty contains provisions which allow Canadian corporations to deduct from their taxable income the value of donations made to a US registered charity, as if those donations had been… Read More