Publications

Start adding items to your reading lists:
or
Save this item to:
This item has been saved to your reading list.

Tax Insights: New QST registration rules – Implications to asset managers providing services to Quebec residents

The March 27, 2018 Quebec budget proposes to expand the Quebec Sales Tax registration rules to non-residents of Quebec that supply services and incorporeal moveable property (i.e. intangible property) to individuals that reside in Quebec.

Start adding items to your reading lists:
or
Save this item to:
This item has been saved to your reading list.

Tax Insights: 2018 Federal budget – GST/HST implications for investment limited partnerships

The February 27, 2018 federal budget proposes to expand the application of the Selected Listed Financial Institution rules to investment limited partnerships effective January 1, 2019. If an election is made, the rules can apply as of January 1, 2018.

Start adding items to your reading lists:
or
Save this item to:
This item has been saved to your reading list.

GST/HST & QST alert for financial institutions: Penalties are being assessed for failing to file Annual Information Returns

The CRA is issuing notional assessments to financial institutions for failing to file GST/HST Annual Information Returns; significant penalties have been imposed. Similar requirements apply for QST purposes for QST registrants.

Start adding items to your reading lists:
or
Save this item to:
This item has been saved to your reading list.

Tax Insights: Collecting and reporting US and foreign TINs – IRS issues additional guidance

The IRS recently issued Notice 2017-46, which provides guidance to Model 1 IGA financial institutions (FIs) required to obtain and report US taxpayer identification numbers (TINs) related to US reportable accounts, and to FIs required to collect foreign TINs from non-US account holders for accounts maintained at a US office or branch.

Start adding items to your reading lists:
or
Save this item to:
This item has been saved to your reading list.

Tax Insights: Common Reporting Standard becomes effective July 1, 2017 – Be ready

The Common Reporting Standard (CRS) for automatic information exchange becomes effective July 1, 2017, in Canada. To help you be ready, this Tax Insights discusses recent CRA and Organisation for Economic Co-operation and Development guidance concerning the Foreign Account Tax Compliance Act and the CRS.

Start adding items to your reading lists:
or
Save this item to:
This item has been saved to your reading list.

Tax Insights: Gerbro Holdings – TCC did not apply offshore investment fund rules to investment in tax haven

In its recent decision in Gerbro Holdings Company v. The Queen, the Tax Court of Canada (TCC) refused to apply the offshore investment fund tax rules (in section 94.1 of the Income Tax Act (Canada)) to interests held by a Canadian investor in funds based in low- or no-tax jurisdictions—in this case five funds based in the Cayman Islands, the Netherlands Antilles and the British Virgin Islands.

Start adding items to your reading lists:
or
Save this item to:
This item has been saved to your reading list.

Tax Insights: Mutual fund switch corporations – Draft legislative proposals implement 2016 federal budget measures

On July 29, 2016, the Department of Finance released for consultation draft legislative proposals implementing the 2016 federal budget measure that is intended to eliminate the tax-deferred switching of different classes of shares issued by a mutual fund corporation – commonly referred to as “switch funds.”

Start adding items to your reading lists:
or
Save this item to:
This item has been saved to your reading list.

Tax Insights: Alert for asset managers – New final section 871(m) regulations on dividend equivalent payments may apply to you

On September 17, 2015, the IRS released final and temporary regulations under Section 871(m) of the Internal Revenue Code that prescribe rules for treating “dividend equivalent payments” with respect to US equities as US-source dividend income.

Start adding items to your reading lists:
or
Save this item to:
This item has been saved to your reading list.

Tax Insights: Trust loss restriction rules – Draft legislative proposals modify tax rules affecting funds and asset managers

On January 15, 2016, the Department of Finance released for consultation draft legislative proposals that would amend the “trust loss restriction rules.” The proposals address certain concerns raised by the asset management industry with the currently enacted rules.

Start adding items to your reading lists:
or
Save this item to:
This item has been saved to your reading list.

Contact us

Diane Kazarian
Managing Partner, Greater Toronto Area
Tel: +1 416 365 8228
Email

Stay Connected: