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Are you developing innovative processes or products, undertaking experimentation or solving technological problems? If so, you may qualify to claim SR&ED tax credits. This Canadian federal government initiative is designed to encourage and support innovation in Canada. Our R&D professionals are a highly-trained, diverse team of practitioners that are engineers, scientists and specialized accountants.
Keeping track of changes and developments in GST/HST, Quebec sales tax and other provincial sales taxes across Canada, can be a full-time job. The consequences for failing to adequately manage your organization’s sales tax obligations can be significant - from assessments, to forgone recoveries and cash flow implications, to customer or reputational risk.
Global mobility services
In today’s competitive and global marketplace, your employee mobility strategy is a critical factor for success. International opportunities are key to attracting top talent and instilling a global mindset across your organization. Your people truly are your most valuable asset, and as your expatriate workforce continues to grow, a seamless global mobility program is essential to achieving your overall business goals.
US corporate tax
The United States has a very complex and regulated tax environment, that may undergo significant changes. Cross-border tax issues could become even more challenging for Canadian businesses looking for growth and prosperity in the biggest economy in the world.
US personal tax
Whether your business is only beginning to sell to US customers, or US customers represent the core of your business, anticipating and dealing knowledgeably with the US tax environment is critical to your bottom line. Our full-service US corporate tax group can help in all tax aspects of doing business in the US. Given high US corporate tax rates, don't be surprised by a US tax liability only to find out that there were planning opportunities available to reduce it.
While there is great opportunity for businesses looking to expand globally, organizations are under increasing tax scrutiny. Regardless of your company’s size and level of international involvement—whether you’re working abroad, investing, buying and selling, borrowing or manufacturing—doing business beyond Canada’s borders comes with its fair share of tax risks.
Transfer pricing is a complex area of corporate taxation that is concerned with the intra-group pricing of goods, services, intangibles, and financial instruments. Transfer pricing has become a critical governance issue for companies, tax authorities and policy makers, and represents a principal risk area for multinationals.
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Like many private business owners today, you’ve spent your career building and running your business successfully. Now you’re faced with deciding on a successor—a successor who may or may not want your direct involvement and share your vision.
Tax Reporting & Advisory
The financial and tax reporting obligations of public markets and global tax authorities take significant resources and investment to manage. This requires calculating global tax provision estimates under US GAAP, IFRS, and other frameworks, and reconciling this reporting with tax compliance obligations.
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There’s no business quite like mining. It’s volatile, risky and complex – but the potential pay-off is huge. You’re not afraid of a challenge: the key is finding the right balance between risk and reward. Whether you’re a junior prospector, a senior producer, or somewhere in between, we’ll work with you to explore, discover and extract value at every stage of the mining process.
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In adopting such a framework, tech companies need to look at three primary factors: their intellectual property (IP), their remote workforce and their funding arrangements.
When it comes to IP, transfer pricing issues commonly arise if tech companies cannot clearly establish which corporate group owns their IP. This task is complicated by the fact that IP is portable and often developed by remote teams working in multiple countries—leading to complexity for tax authorities to assess the jurisdiction under which the business profits related to that IP should be taxed.
Similar challenges arise for companies that rely on remote workforces. Specifically, tech companies could inadvertently create a taxable presence in a foreign jurisdiction if they have employees or directors operating there—resulting in potentially significant, tax consequences.
Yet another hurdle tech companies face in setting up effective transfer pricing frameworks relates to funding. Without the proper processes and policies in place, companies could miss opportunities to access available government incentives or find themselves unable to deduct interest paid on intercompany loans from business profits.
Given the repercussions of a transfer pricing misstep—including its potential dampening affect on corporate valuation during an M&A transaction—it’s imperative to address these risks upfront. In this article, we explore each of these issues in further detail and outline strategies tech companies can use to establish effective transfer pricing policies.
This article discusses transfer pricing and tax opportunities and challenges commonly encountered by tech companies.
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