An increasing number of Canadian clients are working or doing business in the U.S. They may face strict U.S. tax requirements
Potential change in tax treatment could have big consequences
Americans in Canada face higher taxes, compliance costs
The move will allow the parent firm to invest in real estate while the bank subsidiary can meet new capital requirements
Canada's regulators have to keep up with global regulatory developments, but in a way that is suitable for the domestic market
Tax benefits from leveraged life insurance arrangements to be reduced
Changes will effect mutual funds that use these contracts to increase yields
The feds want to ensure the corporate and personal tax systems are more fully integrated
Changes will extend time for reassessment and form T1135
The government is proposing to raise the limit for small businesses by $50,000