Unlike other countries in the developed world, U.S. citizens residing in Canada are required to file income taxes in both Canada and the United States.

<p class="p1"><strong>First, see if it can answer “yes” to one essential question. </strong> <p class="p2">So law firm mergers are back in the news again, to the continued fascination of the legal press. For every combination that is completed and announced, you can count on several others bubbling under in conversations within executive committees and at luncheon gatherings of senior partners, so there likely will be more such deals announced through the balance of the year. 

This article is the third in a series of four examining the Canadian and U.S. income tax implications of the temporary assignment of an employee from Canada to the U.S. Specifically, these articles address the situation of an employee remaining employed by a Canadian entity, but temporarily assigned to work in the U.S. Our previous two articles (Winter 2015 <em>U.S. Tax Alert</em> and Spring 2015 <em>U.S. Tax Alert</em>) examined the importance of the determination of “residency” for personal income tax purposes, and the Canadian and U.S. personal tax liabilities based on different residency scenarios.

Are you a minority shareholder in a company? If so, there’s a chance you may eventually find yourself in a dispute with the majority shareholder(s) who has more control.

A few years ago a man we’ll call “Adam” was working on a complex technical solution for a Fortune 500 company. He hit a wall and needed peer support to resolve the issue. So he posted his question on a public tech forum and within 24 hours had the answer to his problem.

If you’re a doctor, there’s no better way to reduce your tax burden than to form a professional corporation. When doctors come to see me for tax advice, I almost always begin by walking them through these four benefits of incorporation. 

Like many in the rapidly evolving financial service industry, my firm has faced a key challenge in the past few years: keeping talent. Why

What business mindset shapes your leadership values? For many years we’ve embraced the idea that knowledge, combined with technology, is the value capital that drives business growth. 

Businesses often require employees to use automobiles to perform their employment duties. Most often, a business will provide an automobile to the employee or will pay the employee for use of the employee’s own vehicle. These options present different income tax consequences for the employer and the employee.

Family cottages can play an integral role in strengthening family bonds. Over time, traditions are established, festivities are enjoyed and emotional ties are formed, creating a desire to keep these properties in the family for generations. However, a variety of financial and legal concerns can make this more difficult than it sounds. 

<p class="p1">Crowdfunding is defined by Wikipedia as “the practice of funding a project or venture by raising many small amounts of money from a large number of people, typically via the Internet.”<br /> <br />