Category: Tax News

Tax-News.com: NAFTA Talks Continue

Tax-News.com: NAFTA Talks Continue by Mike Godfrey, Tax-News.com, Washington 24 November 2017 Negotiators from Canada, Mexico, and the US have concluded a fifth round of talks on the modernization of the North America Free Trade Agreement. According to a trilateral statement issued by the parties, chief negotiators concentrated on making progress, “with the aim of

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Category: Tax News

Halfway through fiscal year, here’s where federal deficit stands

Halfway through fiscal year, here’s where federal deficit stands The federal government ran a deficit of $5.9 billion over the first half of its fiscal year, a more modest dive into the red over the same period last year, the monthly fiscal monitor report says. Between April and September of the 2016-17 fiscal year, the Liberals ran

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Category: Tax News

RBC, CIBC and FTI execs win WCM awards

RBC, CIBC and FTI execs win WCM awards RBC’s Harleen Bains, CIBC’s Susan Rimmer and Franklin Templeton Investments’ Duane Green received leadership awards Thursday from Women in Capital Markets (WCM). The awards recognize senior executives, male and female, who have combined professional excellence with a commitment to advancing and championing women in capital markets. Bains is managing director

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Category: Tax News

Looking at real estate? Go global

Looking at real estate? Go global The key to real estate investment is taking a global approach, says Chip McKinley, senior vice-president and portfolio manager with Cohen & Steers in New York. Listen to the full podcast on AdvisorToGo. Doing so means “you can take advantage of different property cycles that are going on in

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Category: Tax News

Tax-News.com: Canada Pledges To Respond Better To Taxpayer Relief Requests

Tax-News.com: Canada Pledges To Respond Better To Taxpayer Relief Requests by Mike Godfrey, Tax-News.com, Washington 21 November 2017 The Taxpayers’ Ombudsman has said that the Canada Revenue Agency (CRA) must improve its response to taxpayer relief requests. The Ombudsman’s latest report, entitled “Without Delay,” examined the service experienced by taxpayers who are waiting for a

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Category: Tax News

CRA misinformed 30% of callers, auditor finds

CRA misinformed 30% of callers, auditor finds Some taxpayers may be filing tax returns using erroneous information supplied by Canada Revenue Agency, the federal auditor general warned Tuesday after tabling an audit that found just getting through to the department’s helplines is an even greater challenge than the government lets on. Michael Ferguson’s latest report to

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Category: Tax News

More to U.S. corporates than interest rates

More to U.S. corporates than interest rates Andrew Kronschnabel has more on his mind than rising interest rates in the U.S. Listen to the full podcast on AdvisorToGo. With the odds of a December Fed rate hike at 91.5%, according to CME’s FedWatch Tool on Nov. 20, the markets are already prepped. If the expected

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Category: Tax News

These 12 states would feel impact of U.S. NAFTA pullout

These 12 states would feel impact of U.S. NAFTA pullout A new projection from the biggest business lobby in the United States shows the 12 states that would likely feel the impact of NAFTA’s cancellation the most also voted for Donald Trump. The U.S. Chamber of Commerce has stepped up its efforts to save the

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Category: Tax News

Feds name new infrastructure bank board

Feds name new infrastructure bank board The federal government has named the 10 board members who will steer the new Canada Infrastructure Bank. The arm’s-length corporation based in Toronto will be responsible for financing large infrastructure projects across the country, leveraging $35 billion in government funding. Former RBC executive Janice Fukakusa is chair of the board and will

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Category: Tax News

Tax-News.com: Canada, Antigua And Barbuda Sign TIEA

Tax-News.com: Canada, Antigua And Barbuda Sign TIEA by Mike Godfrey, Tax-News.com, Washington 15 November 2017 Canada and Antigua and Barbuda have signed a new tax information exchange agreement. The agreement was signed on October 31, the Canadian Government announced on November 14. Negotiations were launched in November 2010. The agreement provides for the mutual exchange

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