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TaxEd International

Trends, analysis, and insights in international tax
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Overview

Fasken’s TaxEd International provides insight, comment and analysis on international and Canadian tax developments of interest to businesses and individuals who embark on local and cross-border ventures.

Analysis

  • The 2023 Fall Economic Statement, 11/27/2023
  • Bill C-47: New Rules for Reportable and Notifiable Transactions Take Effect, 7/10/2023
  • Determining The Province Of Employment For Employees In Remote Work Arrangements, 10/11/2023
  • Incorporation for Real Estate Professionals, 2/9/2021
  • Selected Tax Measures in Canada’s 2022 Fall Economic Statement, 11/10/2022
  • Incorporating an Ontario Corporation: Bill 213 Amendments and Tax Considerations, 8/20/2021
outdoor currency sign Blog Post The 2023 Fall Economic Statement On November 21, 2023, Chrystia Freeland, the Deputy Prime Minister and the Federal Minister of Finance, unveiled the 2023 Fall Economic Statement (the “Economic Statement”). While the primary emphasis of the economic statement appears to be the Federal Government’s housing action plan and addressing issues of inflation and affordability, it also proposed technical updates on various tax-related matters. Read more
outdoor currency sign Blog Post Bill C-47: New Rules for Reportable and Notifiable Transactions Take Effect On June 22, 2023, Bill C-47, An Act to implement certain provisions of the budget tabled in Parliament on March 28, 2023, received royal assent. Read more
outdoor currency sign Blog Post Determining The Province Of Employment For Employees In Remote Work Arrangements The Canada Revenue Agency (“CRA”) is introducing a new administrative policy (the “Policy”) relevant to remote workers to be effective on January 1, 2024. The policy will provide more certainty with respect to the province of employment of employees that are in a remote work arrangement in another province and are “attached” to an establishment of the employer. Read more
outdoor currency sign Blog Post The 2023 Fall Economic Statement On November 21, 2023, Chrystia Freeland, the Deputy Prime Minister and the Federal Minister of Finance, unveiled the 2023 Fall Economic Statement (the “Economic Statement”). While the primary emphasis of the economic statement appears to be the Federal Government’s housing action plan and addressing issues of inflation and affordability, it also proposed technical updates on various tax-related matters. Read more
outdoor currency sign Blog Post Bill C-47: New Rules for Reportable and Notifiable Transactions Take Effect On June 22, 2023, Bill C-47, An Act to implement certain provisions of the budget tabled in Parliament on March 28, 2023, received royal assent. Read more
outdoor currency sign Blog Post Determining The Province Of Employment For Employees In Remote Work Arrangements The Canada Revenue Agency (“CRA”) is introducing a new administrative policy (the “Policy”) relevant to remote workers to be effective on January 1, 2024. The policy will provide more certainty with respect to the province of employment of employees that are in a remote work arrangement in another province and are “attached” to an establishment of the employer. Read more
outdoor currency sign Blog Post Incorporation for Real Estate Professionals Accountants, engineers, lawyers, doctors, dentists.  Now real estate professionals join the Ontario regulated professionals who are able to personally incorporate their business.  Following several other provinces,[1] on October 1 2020, the Ontario government passed O/Reg 536/20: Personal Real Estate Corporations, under the Real Estate and Business Brokers Act, 2002, which provides that real estate salespeople and brokers may incorporate in Ontario. Read more
outdoor currency sign Blog Post Selected Tax Measures in Canada’s 2022 Fall Economic Statement This update is intended for those seeking additional insights into the Fall Economic Statement 2022 including its impact on both domestic and multinational enterprises. The Minister of Finance (Canada), the Honourable Chrystia Freeland, presented the Government of Canada’s (the “Federal Government”) Fall Economic Statement 2022 (the “Fall Economic Statement”) on November 3, 2022. Read more
outdoor currency sign Blog Post Incorporating an Ontario Corporation: Bill 213 Amendments and Tax Considerations On December 8, 2020, Bill 213, Better for People, Smarter for Business Act, 2020 received royal assent. The bill includes significant amendments to the Business Corporation Act (Ontario)[1] (the “OBCA”). The amendments to the OBCA in Bill 213 were proclaimed into force on July 5, 2021. Bill 213 eliminates the requirement that 25% of the directors of an Ontario corporation must be resident Canadians. Read more
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Cross-border (Canada/US)

  • The 2023 Fall Economic Statement, 11/27/2023
  • Clean technology investment tax credit, 10/19/2023
  • Revised proposals to amend the general anti-avoidance rule, 10/18/2023
outdoor currency sign Blog Post The 2023 Fall Economic Statement On November 21, 2023, Chrystia Freeland, the Deputy Prime Minister and the Federal Minister of Finance, unveiled the 2023 Fall Economic Statement (the “Economic Statement”). While the primary emphasis of the economic statement appears to be the Federal Government’s housing action plan and addressing issues of inflation and affordability, it also proposed technical updates on various tax-related matters. Read more
outdoor currency sign Blog Post Clean technology investment tax credit On August 4, 2023, the Department of Finance (“Finance”) released draft legislation (the “August 4th Proposals”) in respect of the clean technology investment tax credit (“Clean Technology ITC”), which was initially proposed in the 2022 fall economic statement and updated in the 2023 federal budget (“Budget 2023”). Read more
outdoor currency sign Blog Post Revised proposals to amend the general anti-avoidance rule On August 4th, 2023, the Department of Finance Canada (“Finance”) released draft legislative proposals which included revised proposals to amend the general anti-avoidance rule (the “GAAR”) in section 245 of the Income Tax Act (Canada) (the “ITA”) (the “Revised GAAR Proposals”). The revised proposals follow several GAAR proposed amendments initially introduced in the 2023 Federal Budget (“Budget 2023”) tabled on March 28th, 2023. Read more
outdoor currency sign Blog Post The 2023 Fall Economic Statement On November 21, 2023, Chrystia Freeland, the Deputy Prime Minister and the Federal Minister of Finance, unveiled the 2023 Fall Economic Statement (the “Economic Statement”). While the primary emphasis of the economic statement appears to be the Federal Government’s housing action plan and addressing issues of inflation and affordability, it also proposed technical updates on various tax-related matters. Read more
outdoor currency sign Blog Post Clean technology investment tax credit On August 4, 2023, the Department of Finance (“Finance”) released draft legislation (the “August 4th Proposals”) in respect of the clean technology investment tax credit (“Clean Technology ITC”), which was initially proposed in the 2022 fall economic statement and updated in the 2023 federal budget (“Budget 2023”). Read more
outdoor currency sign Blog Post Revised proposals to amend the general anti-avoidance rule On August 4th, 2023, the Department of Finance Canada (“Finance”) released draft legislative proposals which included revised proposals to amend the general anti-avoidance rule (the “GAAR”) in section 245 of the Income Tax Act (Canada) (the “ITA”) (the “Revised GAAR Proposals”). The revised proposals follow several GAAR proposed amendments initially introduced in the 2023 Federal Budget (“Budget 2023”) tabled on March 28th, 2023. Read more

Team

Primary Contacts
  • François Barette, Consultant | Tax Law, Montréal, QC, +1 514 397 5259, [email protected]
  • Claude E. Jodoin, M Fisc, Partner | Tax Law, Montréal, QC, +1 514 397 7489, [email protected]
  • Kevin H. Yip, Partner | Tax Law, Toronto, ON, +1 416 865 5497, [email protected]
Tax Lawyer in Montréal, François Barette, Fasken François Barette Consultant | Tax Law Montréal, QC +1 514 397 5259
Claude E. Jodoin, Partner | Tax Law Claude E. Jodoin, M Fisc Partner | Tax Law Montréal, QC +1 514 397 7489
Kevin Yip Toronto Lawyer Kevin H. Yip Partner | Tax Law Toronto, ON +1 416 865 5497

Authors

  • Kevin H. Yip, Partner | Tax Law, Toronto, ON, +1 416 865 5497, [email protected]
  • Christopher Steeves, Partner | Leader, Tax Law, Toronto, ON, +1 416 868 3401, [email protected]
Kevin Yip Toronto Lawyer Kevin H. Yip Partner | Tax Law Toronto, ON +1 416 865 5497
Christopher Steeves Toronto Lawyer Christopher Steeves Partner | Leader, Tax Law Toronto, ON +1 416 868 3401

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