Tax and Financial Updates

Most Canadian tax residents are familiar with the US estate tax rules and draw comfort from the provisions of the Canada–United States tax treaty (the “US Treaty”). The US Treaty effectively protects individuals against US estate tax on US assets if their total worldwi...

Most Canadians don’t have to worry about US estate taxes, especially after the recent US tax legislation (effective as of 2018) increased the US estate tax exemption from $US 5.6m to $US 11.18m. This increase effectively protects most US citizens or domiciles living in...

There is a common misconception among many Canadian individuals that they can avoid being taxed in Canada on their investment income if they set up a trust outside Canada (“offshore”). That is rarely the case actually. If the trust is managed from within Canada, the tr...

Individuals who relocate to Canada have a whole series of tax issues they typically worry about. What is often overlooked, however, is that offshore family trust that was settled years ago by either that individual, or a member of his or her family: “certainly, Canada...

On February 21, 2017, Finance Quebec proposed that it will introduce three new tax measures; two of which are the subject of this article.(1) These two measures will (a) increase the Quebec stock option deduction from 25% to 50% for options on certain large publicly tr...

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UK Tax HMRC Requirement to Correct

October 19, 2017

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