Posts By: Kelly Bird

Significant U.S. tax exposures for Canadian family trusts with U.S. beneficiaries or U.S. Settlors/Grantors

Posted -

As most are aware, the IRS has undertaken an initiative to identify unreported foreign income of U.S. taxpayers. While most of the attention has been focused on U.S. expatriate citizens who are behind in their U.S. tax filing obligations, little attention has been paid to U.S. citizen and resident tax obligations with respect to Canadian ….

Own land in an Ontario corporation? Learn the new rules that apply

Posted -

If an Ontario corporation owns land in Ontario, it is now required to prepare and maintain registers of ownership interests in the land at it’s registered office. The register must identify each property and state the date of acquisition of the property and the date of its disposal (if applicable). The rules affect all entities ….

In Loving Memory of Charles Meyer Zeifman

Posted -

Charles Meyer Zeifman (Meyer) had a vision – to create a workplace committed to quality, service and client relationships. Meyer’s journey to achieve his vision was not easy, however. Meyer originally aspired to be an architect. Unfortunately, his aspirations took a turn sideways when he was unable to complete the final examinations that were only ….

Highlights of the proposed Trump Tax Plan

Posted -

President Donald Trump has released a brief document outlining what his administration is calling “the biggest tax cut in U.S. history”. Canadians should not assume the proposed Trump Tax Plan outlined below will become law. There is no “Budget Night” equivalent in the U.S.  A description of the legislative hurdles facing the president will follow ….

Top Ten Real Estate Financial Management Tips for in 2017

Posted -

Real estate has been one of the hottest investment vehicles across Canada in recent years, and 2017 is shaping up to be no different. To make sure your real estate business provides the returns you’re looking for, it’s important to stay ahead of the curve when it comes to managing CRA tax rules and other ….

In Loving Memory Of Carolynn P. Orth

Posted -

It is with deep sadness that Zeifmans announces the passing of our beloved partner, Carolynn P. Orth. Carolynn passed away on March 29, 2017 after a long battle with cancer. We are grieving at the loss of Carolynn, who was such a significant part of the fabric of Zeifmans and whose passing has left a ….

2017 Federal Budget Commentary

Posted -

March 22 marked the release of the 2017 federal budget (Budget) of the Justin Trudeau Liberal Government. The Budget was clearly impacted by the shift in policies of the recently elected US President and his administration. Accordingly, the Budget adopted a very cautious approach to revenue generation and new spending initiatives, as it is unclear ….

Zeifmans Sponsors 2017 LandPro Conference

Posted -

On March 7th, 2017, 600 land professional delegates attended the 2017 LandPro Conference at the Paramount Conference Centre in Woodbridge, Ontario. Zeifmans LLP was a platinum sponsor and hosted a booth at the conference. Ahmad Aslam, Partner at Zeifmans introduced key note speaker, Benjamin Tal, Deputy Chief Economist at CIBC. To view photos of the ….

Capital Gains and the 2017 Federal Budget

Posted -

The tax hit on capital gains has not changed much in Canada over the last sixteen years. That might change, however, when the Canadian government releases its upcoming budget. Nathan Choran, Tax Partner at Zeifmans shares how you can stay ahead of the curve before the release of the 2017 Federal Budget. Click here to ….

The U.S. Election Hangover: What Canadians Can Expect on the Tax Front from a Trump Presidency

Posted -

For the first time in 88 years, Americans have elected a Republican President and Republican majorities in both house of congress. The election provides an almost unprecedented opportunity to reshape the U.S. tax system. It would appear as though individual, corporate and estate taxes will likely be slashed. As well, the proposed repeal of Obamacare ….