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International
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Business advisory services
Audit and accounting
International
Addressing the proposed EIFEL rules
On Feb. 4, 2022, the Department of Finance introduced draft legislation for Excessive Interest and Financing Expenses Limitation (EIFEL) rules, based on OECD's BEPS Action 4 recommendations.
Mandeep Gaheer
Nov 30, 2022
Business advisory services
Valuations
International
Bored monkey or business model? Finding the commercial value in NFTs
Non-fungible tokens (NFTs) are evolving from buzzwords to business models, says Deepak Upadhyaya of Baker Tilly Canada, highlighting key considerations for brands looking to capitalize on them.
Deepak Upadhyaya
May 4, 2022
Business advisory services
Audit and accounting
Private enterprise
International
A streamlined procedure does not clear a GILTI conscience
The 2017 TCJA introduced a transition tax on accumulated earnings of foreign corporations, taxing active foreign income.
Shaun Andresen
Nov 19, 2021
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Transaction services
Private enterprise
International
Succession and estate planning
A hot housing market and a change in use equals tax with no cash. But there is a solution.
Most Canadians know that selling their home normally will not result in income tax thanks to the principal residence exemption (PRE). Unfortunately, people tend to extend this "knowledge" into a feeling that they need never worry about tax when dealing with their principal residence.
Eric Gagnon
Jun 7, 2021
Audit and accounting
Private enterprise
International
Succession and estate planning
Who is more GILTI, Biden or Trump?
The Biden administration’s “Made in America Tax Plan” and what it could mean for U.S. citizens residing in Canada
Todd King
Connor MacKenzie
May 28, 2021
Business advisory services
Audit and accounting
International
Tax advisory
“Show me your papers, please”: zero-rated supplies of exported goods
The Excise Tax Act provides that generally, the supply of goods made in Canada is taxable for GST/HST purposes, and it is the responsibility of the supplier to collect the applicable GST/HST on taxable supplies.
Sep 17, 2020
Audit and accounting
International
Tax advisory
U.S. citizens beware – IRS wants to know about your virtual currency
The U.S. government, along with most governments, has invested resources in understanding cryptocurrency and is developing policies to deal with virtual currency. As of today, Bitcoin still remains the most invested virtual currency on the market with a market cap of approximately $200 billion.
Mar 10, 2020
Business advisory services
Audit and accounting
Private enterprise
International
Tax advisory
Canadians doing business in the U.S.
​With the economy in Alberta the way it is, it is no surprise that oilfield workers are searching for business opportunities south of the border. But they and any other Canadians seeking to establish their business in the U.S. may not realize that there can be a lot of red tape to deal with. Proper planning is key before entering into this type of venture.
Shelley Smith
Nov 20, 2019
Business advisory services
Audit and accounting
Private enterprise
International
Tax advisory
Whitepaper: Expanding your business into Canada
Your business has decided to enter the Canadian market. Congratulations, this is an important step forward! However, launching in Canada is not without its risks and complications.
Nov 5, 2019
Audit and accounting
International
Tax advisory
Smoothing the path to relinquishing your U.S. citizenship
On Sept. 6, the Internal Revenue Service (IRS) announced a new tax compliance program entitled “Relief Procedures for Certain Former (U.S.) Citizens” (Relief Procedures).
Mike Hayward
Sep 11, 2019
International
Tax advisory
Medical professionals and the interplay of the tuition credit and the foreign tax credit
It is not uncommon for recently graduated medical professionals to take up employment in the United States immediately upon completion of their education and practical experience requirements.
Mar 6, 2017
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