The recently released federal budget proposes to increase the capital gains inclusion rate to 66.67% from 50%. This change is scheduled to come into effect on June 25th, 2024. Although there are still lots of unanswered questions, there are already some...

For non-residents of Canada that have Canadian sourced income, it is important to understanding the potential withholding tax implications. As always, for a more detailed discussion, please reach out. Click Here

For U.S. persons living in Canada, knowing the Passive Foreign Investment Company (PFIC) rules is extremely important. Examples of holdings that typically fall under these rules are Canadian mutual funds and exchange trade funds. For more information...