Opportunity: Canadian Dollar Stabilizes, Somewhat
Things have started to turn around for the Canadian dollar in the second quarter of 2025. It hit a 22 year low in January of 2025. Investors and property owners, who have been swooning at the high burn rate in their travel plans and property maintenance abroad, may wish to consider recent more positive trends and consider some risk mitigation opportunities now that the dollar is stabilizing somewhat.Evelyn Jacks: “Fiscal cliff” has immediate implications
The U.S. is fast approaching its “fiscal cliff” and how it resolves that challenge has implications for Canada and the world.
The law determines judges’ decisions
A recent Tax Court of Canada (TCC) decision shows that, despite personal feelings of sympathy, judges must follow the letter of the law.
Tax preparers and filing electronically
As of January 2013, tax preparers who receive payment to prepare more than 10 income tax returns in a year will be required to file those returns electronically.
Improving cross-border tax compliance
Canada and the United States are working toward improved cross-border tax compliance.
News from Tax Court: Crown appeals Guindon
The Crown has appealed a recent Tax Court of Canada (TCC) decision that ruled penalties were criminal in nature, not civil. If the ruling is upheld, advisors will come under increased scrutiny.
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