Month: January 2017

Tax-News.com: British Columbia To Amend Foreign Buyers Tax

Tax-News.com: British Columbia To Amend Foreign Buyers Tax by Mike Godfrey, Tax-news.com, Washington 31 January 2017 The British Columbia Government is to amend the foreign buyers tax to exempt those with work permits. Premier Christy Clark said: “We are going to lift the foreign owners tax on people who have work permits who are paying

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Month: January 2017

Tax-News.com: OECD Progresses With MAP Peer Review Work

Tax-News.com: OECD Progresses With MAP Peer Review Work by Ulrika Lomas, Tax-News.com, Brussels 31 January 2017 The OECD is seeking taxpayers’ input on the mutual agreement procedure frameworks in place in the second batch of countries that will now be peer reviewed under Action 14 of the OECD’s base erosion and profit shifting Action Plan.

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Month: January 2017

Tax-News.com: Canadian Manufacturers Call For Boost To Tax Competitiveness

Tax-News.com: Canadian Manufacturers Call For Boost To Tax Competitiveness by Mike Godfrey, Tax-news.com, Washington 31 January 2017 Industry body Canadian Manufacturers and Exporters (CME) has urged the Canadian Government to create a globally competitive business tax structure that supports growth. CME has released “Manufacturing a Competitive Business Environment in Canada,” the first of five reports

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Month: January 2017

No foreign buyers tax for those with work permits: B.C. premier

No foreign buyers tax for those with work permits: B.C. premier British Columbia is amending its tax on foreigners buying property in Metro Vancouver. Read: No foreign buyer tax in Ontario Premier Christy Clark says the levy will be lifted for those who have a work permit and pay taxes in B.C., in order to

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Month: January 2017

Filing taxes after someone has died

Filing taxes after someone has died Dealing with the death of a loved one is difficult. So, the last thing you’ll want is for a client to have to figure out how to handle someone’s taxes after they pass away. When discussing a client’s estate plans, consider sharing the following steps with them and their

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Month: January 2017

Tax-News.com: EU Provides Update On Ongoing Free Trade Talks

Tax-News.com: EU Provides Update On Ongoing Free Trade Talks by Ulrika Lomas, Tax-News.com, Brussels 26 January 2017 The European Parliament has provided an update on the trade agreements under negotiation by the EU. Parliament’s International Trade Committee on January 24 voted in favor of the Comprehensive Economic Trade Agreement (CETA) with Canada. Parliament as a

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Month: January 2017

CRA business-inquiries phone line gets a C-

CRA business-inquiries phone line gets a C- Third time isn’t a charm for the CRA’s business inquiries phone line. As part of its red tape awareness week, the Canadian Federation of Independent Business (CFIB) has conducted its third secret shopper evaluation of  CRA’s call centre, giving it a grade of C-minus. Read: CRA tweaks process

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Month: January 2017

CI figures out how clients will be taxed on payments related to no-contest settlement

CI figures out how clients will be taxed on payments related to no-contest settlement CI Investments has worked out a tax arrangement after an administrative error had left hundreds of thousands of clients short a collective $156.1 million. Last year, we reported on the record no-contest settlement between CI Investments and the OSC regarding understated

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Month: January 2017

Tax-News.com: EP's International Trade Committee Approves CETA

Tax-News.com: EP's International Trade Committee Approves CETA by Ulrika Lomas, Tax-News.com, Brussels 25 January 2017 The European Parliament’s International Trade Committee has approved the Comprehensive Economic and Trade Agreement (CETA) with Canada. A draft recommendation on the deal was passed by 25 votes to 15, with one abstention. Artis Pabriks, the rapporteur for the agreement,

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Month: January 2017

Tax-News.com: Canadian Businesses Concerned Over NAFTA Changes

Tax-News.com: Canadian Businesses Concerned Over NAFTA Changes by Mike Godfrey, Tax-news.com, Washington 25 January 2017 Uncertainty over the future of the North American Free Trade Agreement (NAFTA) will be a drag on Canadian business investment in 2017, according to research by the Canadian Chamber of Commerce. The Chamber’s 2017 Crystal Ball Report warns that the

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