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Canada Federal Budget 2021 Highlights
Prepared by Andersen in Canada, Montréal Partner Patrick Coutu and Tax Managers Divya Katyal and Omar Yassine. . On April 19, 2021, the Minister of Finance, Chrystia Freeland, presented the 2021 Federal Government’s budget. Below is an overview of some of the major tax related announcements of this budget: . 1. Application of the GST/HST […]
Top 5 Tax Issues: Canadians Doing Business in the U.S.
April 20, 2021This article considers the top 5 tax issues for Canadians doing business in the U.S. Conducting business in the U.S. can be a complex and challenging proposition because of the differences from conducting business in Canada. Significant tax issues can arise. This commentary is intended to highlight relevant U.S. tax issues and does not constitute tax […]
Canadian COVID-19 Guidelines – International Tax
April 6, 2021On April 1, 2021, Canada Revenue Agency (“CRA”) updated its guidance with Part VII – Supplemental Guidance[1] which provides further relief from Canadian residency and Canadian permanent establishment for certain non-residents of Canada and businesses by extending the relief period to December 31, 2020. The updated guidelines also provide an alternate method for cross-border employment income […]
Mandatory Disclosure for Aggressive Tax Planning (ATP) – Revenu Québec
March 29, 2021Prepared by Andersen in Canada, Montréal Partner Patrick Coutu and Tax Manager Divya Katyal The Aggressive Tax Planning Research and Integrity Branch of Revenu Québec has recently issued a statement to broaden measures to combat aggressive tax planning. The disclosure obligations will now be extended to specified transactions by the Minister of Revenue published on […]