Kim G C Moody is quoted in the Tax Notes article titled, “‘We Are on Strike,’ CRA Workers Union Announces”, Tax Notes, April 20, 2023
Kim G C Moody is quoted in The Globe and Mail article titled, “Why snowbirds who spend significant time in the U.S. face major tax repercussions”, The Globe and Mail, April 12, 2023
Doug S. Ewens is quoted in the latest Tax Notes article titled “Tax Court Jurisdiction Row to Be Heard by Canada’s Highest Court”, Tax Notes, February 27, 2023
Kim G C Moody is quoted in a Postmedia/MSN article titled, “Charitable status revoked for 12 B.C. charities linked to single Vancouver company”, Postmedia/MSN, February 28, 2023
Kim G C Moody is quoted in the latest Tax Notes titled “CRA Workers’ Unions Are Poised to Begin Strike Votes”, Tax Notes, January 12, 2023
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Enhanced Tax Reporting for Trusts Starting 2022
On August 9, 2022, the Department of Finance released the latest draft legislation with respect to Enhanced Reporting Requirements for Trusts first introduced in the 2018 Federal Budget. The new filing and reporting obligations would require the identity of all trustees, beneficiaries, settlors, and “protectors” who had the ability to exert control over the trustee’s decisions to be disclosed.
The US government is giving the IRS an extra $80 billion in funding under the newly passed Inflation Reduction Act. Where’s that extra money going to come from?
The Inflation Reduction Act seemingly spells bad news for US expats around the world as it includes $80 billion in extra funding for the IRS.
Submission Made to the Alberta Government Proposing Amendments to the Judicature Act to Improve the Ability to Correct Bona Fide Mistakes
The Supreme Court of Canada’s 2016 and 2022 decisions in the Fairmont Hotels and Collins Family Trust cases respectively have substantially reduced the availability to residents of all provinces – except Québec – of the equitable remedies of rectification and rescission to correct a tax-related mistake in completing a transaction or nullify the transaction entirely.
The Inflation Reduction Act of 2022
On Sunday, August 7, 2022, the US Senate passed the Inflation Reduction Act of 2022 (H.R. 5376). The vote to pass the bill was strictly on party lines.
Lesson from the FCA’s Decision in Paletta: Seek a Legal Opinion to Obtain Sound Advice – Don’t Rely on Informal Communications
The process of obtaining comprehensive legal or accounting advice on the tax consequences of a proposed transaction involves a taxpayer disclosing all relevant details of that proposed transaction to his lawyer or accounting tax advisor.
USCIS Publishes New Forms for EB-5 Investor Program
USCIS announced revisions to its Form I-526, Immigrant Petition by Alien Entrepreneur, used for EB-5 Investor cases.
Kim G C Moody is quoted in the Tax Notes article titled, “‘We Are on Strike,’ CRA Workers Union Announces”, Tax Notes, April 20, 2023
Kim G C Moody is quoted in The Globe and Mail article titled, “Why snowbirds who spend significant time in the U.S. face major tax repercussions”, The Globe and Mail, April 12, 2023
Doug S. Ewens is quoted in the latest Tax Notes article titled “Tax Court Jurisdiction Row to Be Heard by Canada’s Highest Court”, Tax Notes, February 27, 2023
Kim G C Moody is quoted in a Postmedia/MSN article titled, “Charitable status revoked for 12 B.C. charities linked to single Vancouver company”, Postmedia/MSN, February 28, 2023
Kim G C Moody is quoted in the latest Tax Notes titled “CRA Workers’ Unions Are Poised to Begin Strike Votes”, Tax Notes, January 12, 2023
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