There's another birther controversy in the U.S. -- this time involving Canada.
The online registration system for financial institutions that need to register with the IRS under the Foreign Account Tax Compliance Act (FATCA) is now open.
There are several approaches to determining the value of a business.
The IRS has released a draft version of Form 8966, which banks and other financial institutions will use to comply with FATCA.
If you have business owner clients who have to purchase cars or trucks for their companies, there are easy ways to help them save tax.
For many Canadian families a straightforward transfer of assets will meet their primary estate planning needs. But increasing complexity around issues of asset control, protection and tax-efficiency can make the use of trusts a better option.
As tax controversies continue to make headlines around the world, a new EY survey finds risk management is the top transfer pricing priority for 76% of Canadian companies.
Borrowing to invest doesn’t always lead to tax deductions.
When Patricia was six, her parents’ Californian advisor suggested they buy basic whole life insurance for Patricia and her two siblings under the umbrella of one of their own policies. When she left for Harvard at 18, her parents transferred the policy to her name.
The OECD’s Action Plan on Base Erosion and Profit Shifting presented to the G20 Finance Ministers at their meeting in Moscow represents a significant development in global collaboration to modernize the international tax system, a KPMG report explains.