Blog
Tax Planning
Looking at the Canadian Government’s Economic Plans as Parliament Gets Set to Return
With the Canadian federal election now close to two months behind us, the Liberal Government has sworn in a new cabinet and plans to return to the House of Commons later this month. An item on the minds of many Canadians is what to expect from next year’s budget and the government’s economic plans. Many Canadian businesses and individuals are still dealing with the fallout of the COVID-19 pandemic. The government will only be tabling… Read More
Sports & Entertainment
How College Athletes Are Being Compensated Following Supreme Court Ruling
In the final days of June 2021, the United States Supreme Court issued a landmark decision that paved the way for college athletes in the United States to be compensated beyond scholarships. We blogged about that decision in late June, and with major college sports such as football and basketball well underway, we wanted to take a moment to update our readers on how the NCAA, as well as college athletes, have responded… Read More
Tax Disputes & Litigation
Taxpayer Looks to Walk Back Reported Income
One of the most important aspects of personal tax planning and compliance is to ensure you provide accurate reports to the Internal Revenue Service if you live in the United States or the Canada Revenue Agency if you live in Canada. Underreporting income can lead to penalties, while overreporting income can lead to having to pay more in tax than you should be required to. In a recent case heard by the United… Read More
Business Management
Checking in on the Canadian Economy as Benefits are Set to Run Out
As the COVID-19 pandemic began to largely shut down the Canadian and American economies in the Spring of 2020, governments on both sides of the border acted quickly to help individuals and businesses survive the economic impacts they were experiencing. This week, as Canadian businesses and individuals prepare to see many benefits end, we wanted to check in on the health of the economy. Benefits set to expire After being extended many times… Read More
Cross-Border Tax Issues
Land Border Between Canada and the United States Set To Reopen
At Feigenbaum Law, we represent clients who have cross-border business or tax and estate interests. As such, many of our clients spend a considerable amount of time traveling between the United States and Canada. Over the course of the COVID-19 pandemic, cross-border travel was all but shut down for all non-essential travel, leaving many of our clients and others unable to move freely between the two countries. Good news came this week as… Read More