It has been reported and now confirmed there is a new CRA project – Class 10 vehicles. What is a “Class 10 Vehicle”? Included in Class 10 vehicles are: Pick-up truck or van used to transport goods or equipment seats 1-3 people and used 50% or more for business. Pick-up truck with extended cab, ...
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The “Trump Transition Tax” has caused a great deal of anxiety among affected owners of Canadian businesses, imposing millions of dollars in double-tax liabilities on thousands of people. The IRS only recently (April 2) released the guidelines for reporting. Revising earlier guidance, the IRS ...
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The US Tax Reform enacted in December, 2017 made sweeping changes. In addition to reducing the US corporate rate to a flat 21% in most cases, the law proposed to transition the US to a system of taxing foreign corporate holdings based on the residency of the foreign corporation. To get there, ...
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