Feigenbaum Law

cross-border business

USMCA

NAFTA

Introducing the USMCA: Goodbye NAFTA

After more than a year of negotiations and mere hours before a midnight deadline, Canada, the U.S., and Mexico have reached a tripartite trade deal. No longer known as NAFTA, the new agreement is called the United States-Mexico-Canada Agreement, or USMCA. In a joint statement, Canadian Foreign Affairs Minister Chystia Freeland and U.S. Trade Representative Robert Lighthizer said, about the new agreement: It will strengthen the middle class, and… Read More

NAFTA

Corporate Tax Planning

Canadian Government Speaks to Washington About Thousands of Canadians Affected by U.S. Tax Reforms

CBC News reports that the Canadian government is in discussions with Washington about the impact of the Republican’s Tax Cuts and Jobs Act. Retroactive Repatriation Tax Part of the U.S’ $1.5 trillion tax overhaul package was a one-time retroactive Transition Tax, also known as the Repatriation Tax. This provision was intended to discourage U.S. multinational companies, such as Microsoft and Apple, from leaving their money in foreign subsidiaries. However, this provision is… Read More

Rules of origin

NAFTA

NAFTA Discussions Continue with Focus on the Automotive Sector

Ongoing NAFTA discussions resumed today, with a continued focus on the automotive sector. Canada’s Foreign Affairs Minister, Chrystia Freeland, met with U.S. Trade Representative Robert Lighthizer and Mexican Economy Minister Ildefonso Guajardo today,  told the media that she believes strongly that the rules of origin for autos in the highly integrated industry lie at the heart of the negotiations. Rules of Origin for Autos Freeland predicts that the parties getting these rules… Read More

Davos

NAFTA

Economic Discussions Conclude at Davos: What is the Prognosis for NAFTA and the TPP?

The World Economic Forum took place this week in Davos, Switzerland. Global business and political elite gathered to set the agenda for international commerce. The theme of this year’s forum was “Creating a Shared Future in a Fractured World” Canada’s Agenda In a speech to Davos delegates, Prime Minister Trudeau noted that Canada is working hard to “make sure ‘our neighbour to the south’ realizes that protecting NAFTA is in everyone’s best interests”. In a… Read More