News & Events

NDP’s BC Budget Update

The new NDP Government of British Columbia just announced its first Provincial Budget.  The budget included changes to tax rates, among other things.  Please take note of the following tax increases effective 2018:   Increase in personal income tax rate: Effective for 2018 and subsequent years, tax rate increases to 16.8% from 14.7% on taxable […]

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Issue 115

Introduction to Tax Link

Welcome to the Autumn edition of Tax Link.

This edition of Tax Link presents articles sourced from Nexia International’s network of tax experts to provide insight into global issues, topics and trends. Due to the nature of the network the articles are diverse and offer current information for discussion and provide knowledge for practice.

With OECD BEPS being an ever trending topic a number of the articles cover the specifics and general views from different country perspectives. The articles see China’s latest effort to incorporate OECD BEPS concepts into its special tax investigation and adjustment procedures, India’s journey in the adoptions of BEPS and the Swiss outlook on transfer pricing and development of BEPS procedures amongst others articles. The UK discusses the updates from the Finance Bill and recent tax updates, whilst the US provides an overview of Trump and taxes.

Once again I must extend a huge thank you to all the contributors and the publication team for their commitment in producing this Tax Link publication. If you would like any further information on the topics in this edition, the contributor’s details are provided for each article and they are happy to give further detail.

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The July 18 Proposals — New Tax Rules

  • The July 18 Proposals — New Tax Rules For Small Business
  • Convention Expenses
  • Last Year To Use Charitable Donation “Stretch” Credit
  • Computer Consultants
  • Around The Courts

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Sale Of Building Used For Business Or Rental – Possible Denial of Terminal Loss

  • Sale Of Building Used For Business Or Rental – Possible Denial Of Terminal Loss
  • Canadian Inter-corporate Dividends
  • Small Business Corporation Going Public
  • Section 84.1: The Deemed Dividend Trap
  • RRSP Home Buyers’ Plan
  • Around The Courts

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Finance’s Proposed Changes to Tax Planning for Private Companies

On July 18, 2017, Finance released its 63-page consultation paper, “Tax Planning Using Private Corporations”, regarding significant proposed rule changes to address tax planning for private corporations. Specifically, the paper is aimed at tax planning strategies that Finance views to be unfair, including income sprinkling, holding passive investments, and converting income into capital gains with […]

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CRA Access to Your Records

  • CRA Access to your Records
  • Public Transit Pass Credit Eliminated — Timing
  • In Vitro Fertilization as a Medical Expense
  • GST/HST on Settling a Business Dispute
  • Transferring Shares to your RRSP
  • Around the Courts

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Issue 114

Introduction to Tax Link

Welcome to the Spring edition of Tax Link.

This edition is a combination of globally sourced articles contributed by the member firms across the Nexia network, that provide up to date information on areas of the industry that have moved quickly and gained traction with other articles providing a review of national and international legislation, policy change and how it can affect businesses and individuals. The articles in this edition include Australia’s ‘High Court decisions to tax residency of a company’, Swiss relaxation in procedure towards ‘withholding tax’, the United states’ advice to your ‘tax planning toolkit’ and information on ‘Federal reform’.
I must extend a huge thank you to all of the contributors and publication team for their articles and commitment in producing this publication. If you would like any further information on the topics in this edition, the contributor’s details are provided for each article and they are happy to give further detail.

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Issue 26

Notes on the consolidated financial statements

The notes to IFRS consolidated financial statements prepared in the EU must contain disclosures on newly adopted standards and interpretations (IAS 8.28) as well as on standards and interpretations that have been issued but not yet adopted (IAS 8.30). Read more… IASB The IASB published amendments to IFRS 2 “Sharebased payment” on 20 June 2016. These include clarifications
on individual questions concerning the accounting and measurement of cash-settled sharebased payment transactions. Read more… EU Endorsement On 25 November 2016, the EU Commission announced the adoption of IFRS 9 into EU law. The announcement in the Official Journal was made on 29 November 2016. Read more… ESMA The European Securities and Markets Authority (ESMA) has published its annual Public Statement on European Common Enforcement Priorities (the Statement) which identifies enforcement priorities for listed companies’ 2016 financial statements and highlights the need for transparency in disclosing the potential impact of Brexit on issuers’ financial statements.

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