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Sports & Entertainment

United States Supreme Court Opens Door To NCAA Athlete Compensation

Just a few months ago we wrote about the United States Supreme Court’s plans to hear a petition from the NCAA regarding two lower court decisions that held the organizing body of college athletics could not put a cap on compensation offered to Division 1 football and basketball players. Just this week the court returned its decision, putting the matter to rest. Why weren’t college players compensated to begin with? When the NCAA… Read More

Sports & Entertainment

Post-Secondary Canadian Esports Organization Forms

At Feigenbaum Law, we have an interest in the professional and collegiate sporting world, and this does not exclude esports, which have continued to make huge gains in mainstream acceptance over the last few years. We’ve blogged in the past about the inclusion of esports in US colleges, and we wanted to follow that up today with news of the launch of a Canadian Collegiate Esports League. Formation of Canadian Collegiate Esports… Read More

A paper tax statement for 2019 representing tax deadlines in Canada

Uncategorized

Appeals Continue To Follow Crackdown On Tax Scam

A few months ago we provided an update on one of the appeals related to a tax shelter that had been exposed as a sham, leading thousands of Canadians having their taxes re-assessed and penalties imposed. The tax shelter, known as the Global Learning Gifting Initiative (GLGI), continues to cause ripples across Canada’s tax law world, most recently with another failed appeal before the Tax Court of Canada. How the tax… Read More

Bitcoin

NFTs Open Doors To New Revenue Streams For Athletes

For the last few years, the financial world has been inundated by news related to Bitcoin and other cryptocurrencies. This has been a topic we have frequently blogged about, as more and more people, including individual investors, are looking to cryptocurrency as a way to invest. Non-fungible tokens, or NFTs, are a new form of digital assets that have recently made headlines and have also provided economic incentives for athletes, artists, and others. What… Read More

Personal Tax Planning

Taxpayer Fights Penalty Imposed For False Statements

People typically don’t like paying tax, at least certainly not more than they are supposed to pay. It’s not uncommon for people to make claims of expenses or losses in order to reduce their tax burden. Of course, it’s also illegal to file tax returns that are not accurate. On occasion, people may hire third parties to prepare their taxes for them. What happens when a taxpayer hires a company who makes false statements on… Read More