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B.C. Provincial Budget Tax Updates 2024
The B.C. government has announced changes to provincial tax laws in its Budget 2024 Taking Action For You, released on February 23, 2024. This summary highlights key changes shaping the provincial tax landscape for the foreseeable future. Corporate and personal tax rates remain unchanged for 2024. Tax targeting home flipping activity: The budget provides details […]
Taxation of the Hockey Player Versus the Movie Star
March 4, 2024This is a story of the unusual difference between the Canadian taxation of non-Canadian professional athletes versus non-Canadian actors and actresses. Chapter 1 – The Hometown Hockey Hero Jonathan Tavares grew up in Ontario and played nine seasons for the New York Islanders. He became a free agent in summer 2018 and chose to play […]
Navigating Tax Strategies in a High-Interest Rate Environment: Considerations for Non-Resident Investors in Canada
February 15, 2024Prepared by Danny Guérin, Myriam Vallée and Justine Lambert, Andersen in Montreal (Canada) INTRODUCTION The significant surge in inflation throughout 2022 has been a predominant concern for the economic community and the government alike as the inflation averaged 6.8%, reaching a peak of 8.1% in June of 2022[1] However, the implemented tightening of monetary policy […]
Renunciation of U.S. Citizenship
August 29, 2023Renouncing U.S. citizenship is a significant decision with wide-ranging implications. Renunciation may have adverse U.S. tax implications. This blog will break down the tax complexities surrounding the renunciation process and provide you with an essential understanding without getting lost in the jargon. Who is a Covered Expatriate? A covered expatriate includes individuals who renounce their […]
