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Venture Capital Catalyst Initiative: 2017 Federal Budget to Boost Capital Support for Start-Ups

The 2017 federal budget demonstrates the government’s commitment to innovation, stating that “Canada must do more to encourage innovation. The future success of all Canadians relies on it.” To foster innovation, the government announced plans to evaluate and modify various programs that fund innovation, with the goal of consolidating and simplifying the programs that support Canadian entrepreneurs. The changes are expected to advance Canada’s position as a world-leading innovation economy, improving its ability to create jobs and increase business investment in the country. [April 28, 2017] More...

What you need to know about potential changes to US import/export rules

Canada, Mexico and the United States are partners in the world’s largest trade agreement, the North American Free Trade Agreement (NAFTA). NAFTA came into effect in 1994 to remove the barriers to the flow of goods and services between Canada, Mexico, and the United States. However, as part of its “America First” agenda, the Trump administration has stated its intention to pursue fundamental changes to NAFTA to provide favourable terms for US businesses. [April 13, 2017] More...

Planning around the 2017 federal budget: Possible changes to the capital gains inclusion rate

With the 2017 federal budget likely due to be released in late February or March, there is speculation that the government may curtail the preferential tax treatment afforded to gains on the disposition of capital property. [January 26, 2017] More...

Post-election outlook—US corporate tax

The election of Donald J. Trump as the next US President and the Republican sweep of the House of Representatives and the Senate create the very possibility of significant US tax legislation in the next two years. [November 18, 2016] More...

Post-election US Tax Outlook

Surprising the vast majority of pollsters and many political pundits, Donald J. Trump prevailed in the US election on November 8, and will be inaugurated as the country’s 45th president on January 20, 2017. Among his policy priorities, Trump has outlined a range of tax measures that could result in substantive changes for US taxpayers, including Canadian residents who file tax returns with the IRS. [November 14, 2016] More...

2016 Year-end tax planning guide

Nobody likes to pay too much tax. Luckily, there are a number of tax-saving measures that can help with just that—both for businesses and individuals. But, in order to capitalize on these opportunities, now’s the time to review your 2016 tax situation to see if any apply to you. [November 10, 2016] More...

Final US related-party debt regulations will impact US subsidiaries of Canadian parent companies

On October 13, the US Treasury Department and the IRS released new final and temporary Section 385 regulations (TD 9790) addressing the treatment of related-party debt. [October 27, 2016] More...

Changes to principal residence exemption–trusts and non-residents

On October 3, 2016, Federal Finance Minister Bill Morneau announced changes which will affect trusts and non-residents owning residential property in an effort to ensure “housing markets are stable and functioning efficiently.” [October 26, 2016] More...