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Tax Considerations for Canadian companies expanding to the United States
Expanding into the U.S. market is not a straightforward decision for Canadian business owners and executives when considering the growth opportunities in the United States. One of the main challenges they face is navigating the U.S. tax rules. The initial thought of having to comply not only with the IRS but with various state and local taxing jurisdictions can be overwhelming. Therefore, understanding the key tax implications when entering the U.S. is critical to mitigating risks of non-compliance, overpayment of taxes and overreporting of tax forms.
Returning to CDK environment: Actions your dealership Should consider
CDK, a solution service provider for car dealerships, has announced the restoration of all services by July 4 following the security incident that occurred on June 19. It is crucial to take steps to ensure the security of your network and the integrity of your data. This article provides a list of actions to consider strengthening your dealership's security posture and preserve the traceability of financial audits. However, it is important to consult your legal advisors in relation to compliance with federal or provincial privacy laws e.g. PIPEDA.
This article is a list of action items to consider as your dealership prepares to return to the CDK environment.
This article is a list of action items to consider as your dealership prepares to return to the CDK environment.
2024 federal budget summary
On April 16, 2024, Deputy Prime Minister and Minister of Finance, Chrystia Freeland, presented Budget 2024.
2024-2025 Québec Budget Summary
The Minister of Finance, Mr. Eric Girard, tabled his 2024-2025 budget plan on March 12, 2024, which plans to support seniors, to improve the fairness and impact of tax credits supporting jobs in the information technology sector and to enhance support for Québec film and television production.
OSFI publishes final guideline on climate risk management for federally regulated financial institutions
On March 7 2023, the Office of the Superintendent of Financial Institutions (OSFI) published its final Guideline B-15 on climate risk management (“Guideline”) applicable to Federally Regulated Financial Institutions (FRFIs).
It will be effective from fiscal year-end 2024 for Domestic Systemically Important Banks (DSIBs) and Internationally Active Insurance Groups (IAIGs) headquartered in Canada. For all other in-scope FRFIs, it will be effective from fiscal year-end 2025. Foreign bank branches are excluded.
It will be effective from fiscal year-end 2024 for Domestic Systemically Important Banks (DSIBs) and Internationally Active Insurance Groups (IAIGs) headquartered in Canada. For all other in-scope FRFIs, it will be effective from fiscal year-end 2025. Foreign bank branches are excluded.
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