Blog

The NFL logo against a backdrop of footballs representing NFL fallout from COVID-19

Sports & Entertainment

Professional Sports Seasons Remain Undetermined

It has been a few weeks since we visited the world of professional sports and how they are operating through the COVID-19 pandemic. With the NHL and NBA playoffs over, discussions have begun as to when and how play will resume for their upcoming seasons. Meanwhile, Major League Baseball is concluding their playoffs and the NFL appears to be struggling to keep their season afloat. NFL Play is off to a Rocky Start Unlike… Read More

An arena where an esports competition is taking place

Sports & Entertainment

IBM Enters the E-sports Arena

While video games have always been popular amongst younger generations, it’s also become big business. Prior to COVID-19, it was not uncommon for arenas around the world to be packed with people watching professional gamers battle for supremacy on the game of their choice. The best players in the world are able to make a fantastic living as gamers, and where there’s money to be made you can be sure there are large corporations looking… Read More

Glasses on an open calendar representing CRA extensions due to COVID

Business Management

Canada Revenue Agency Further Extends Deadlines and Exemptions

It has been a few weeks since we last updated our readers on how the Canada Revenue Agency is continuing to react to the COVID-19 pandemic. There were a number of announcements made in September that will be of interest to business owners as well as Canadians and Americans who spend time in one another’s country. Extension of Travel Restrictions Relief On September 2, the CRA announced an extension to their travel restrictions which could… Read More

Banknotes in different international currencies representing a currency exchange scam

Litigation

CRA Investigating Possible Currency Exchange Scam

A recent investigative report by the Toronto Star alleges that two former Toronto Maple Leaf players, Darcy Tucker and Shayne Corson, were involved in a foreign currency trading scheme that was designed to defraud the Canada Revenue Agency (CRA). The story looks at how the scheme worked, and why the CRA says it was a scam. What is the Foreign Exchange Market? The foreign exchange market (the “Forex”) is a legitimate… Read More

American currency representing tax filing obligations on dual US citizens who live outside the US

Cross-Border Tax Issues

New Tax Risks For Dual Citizens Living In Canada

COVID-19 has brought with it many extensions to tax-related obligations for both Americans and Canadians. However, it doesn’t mean that tax obligations have gone away entirely. One item that has been a contentious topic over the last few years is the requirement for US/Canadian dual citizens living in Canada to file income tax in the United States as well as Canada. We wanted to take this opportunity to remind dual citizens of their obligations to… Read More