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Indirect tax Tax advisory
Oh! Taxman, what big teeth you have!
Today, no one seems to doubt the existence of tax havens. But tax hell... does it exist? Based on the testimony of taxpayers and tax practitioners, one might wonder. Reports of abuse and misconduct by the tax authorities seem increasingly common.
Mar 5, 2014
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International Tax advisory
RESP and TFSA Accounts for U.S. Citizens
Recently, Canada and the U.S. reached an agreement providing that Canada will assist with the collection and reporting of information to the U.S. Internal Revenue Service (IRS) on U.S. persons living here in Canada in order to comply with the U.S. Foreign Account Tax Compliance Act (FATCA). See our February U.S. Tax Flash for details on the agreement.
Feb 25, 2014
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Tax advisory
U.S. Citizens in Canada: Are you sure you don’t owe U.S. income tax?
The U.S. income tax filing requirements of U.S. citizens living in Canada has seen more than its fair share of press coverage in recent times. That said, despite the onerous personal income tax filing obligations and related foreign bank and financial account disclosure requirements imposed on U.S. citizens living outside of the U.S., few of these taxpayers end up owing U.S. income tax.
Mike Hayward Feb 25, 2014
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Tax advisory
Considerations on incorporating your business or professional practice
If you have an unincorporated business or professional practice, consider incorporating to take advantage of various tax planning opportunities not otherwise afforded to unincorporated businesses.
Feb 4, 2014
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Indirect tax Tax advisory
Providing services to a non-resident? Prove it!
This article is to shed light on the age-old question – are the services I am providing to a non-resident exempt from tax or not? As is true of most questions relating to sales tax implications, there is no clear-cut answer. To answer this question, you need to contemplate several other questions first.
Feb 3, 2014
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International Tax advisory
Snowbirds and the Closer Connection Exception
Fall is the time of year when Canadian snowbirds pack up and head south for the warmer winter in the U.S. Some limit their stay to a maximum of 182 days, under the mistaken belief that this will avoid being considered a resident of the U.S. for income tax purposes (and conveniently brings them home just in time for spring). Many do not realize that the U.S. residency rules for income tax purposes involve a much shorter time period.
Shelley Smith Dec 5, 2013
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Do you have workers on your farm?
Workers include all full and part-time employees, casual or seasonal labour, family members and anyone else you pay for working on your farm. If you have employees, there are certain things to keep in mind. You must register with the Canada Revenue Agency and calculate and withhold monthly source deductions from your employees’ gross wages. Remitting the source deductions must be done on a timely basis or you could face late filing penalties and interest. T4s must be issued to your employees each year and also filed along with the T4 Summary to the CRA by the last day of February.
Nov 26, 2013
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Restructuring and recovery services
Preventing Corporate Insolvency
Too much success may be bad for your company's health. Is it possible for a company to have too much success? Can it have too much new business, sales figures that are too high, and a bottom line that is too good for the health of the company?
Oct 31, 2013
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Restructuring and recovery services
How to secure the investment in your business
For many entrepreneurs who want to set up their own business, getting started includes digging deep into personal bank accounts and possibly taking on a second mortgage for start-up financing.
Oct 31, 2013
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The Power of Branding: Live it, Own it
Branding reaches us starting at a very early age. We identify brands at a glance. The competition for our attention is critical.
Oct 4, 2013
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How to Make Your CRM Work for You
If you are like most law firms, you have a CRM – Customer Relationship Management system – in place. A CRM is more than a glorified Rolodex or database. The purpose of a CRM is to help your lawyers, marketing and business development personnel, PR team, and support staff manage interactions with current and future clients in the hopes of increasing your client base and, ultimately, profits.
Oct 4, 2013
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