Cryptocurrencies has developed into a sizzling topic over the last 2 years. Trending digital currencies such as Bitcoin and Ethereum have increased in value resulting in significant market capitalization, transactional use and legitimacy. With the rise of cryptocurrencies, regulators and taxation authorities have taken notice. Here are the key tax questions and answers, investors and ….
Posts By: Kelly Bird
With cryptocurrency becoming more prevalent in today’s economy, discussion has turned to business transactions being made using cryptocurrency, in particular when buying and selling real estate with cryptocurrency. Already, certain American brokerages are listing residential properties in Bitcoin. In fact, recently there was a much talked about news story about a cryptocurrency tycoon purchasing a $28,000,000 ….
The combination of Canada’s cannabis capital markets and Israel’s clinical research expertise have poised the nations for fruitful collaboration for Canadian cannabis stocks. While Canada has postponed the legalization of recreational cannabis until October 17th of this year, growth in Cannabis stocks has sustained momentum in the country. As discussed in a previous article, Financial ….
Estate freezes have been the cornerstone of estate planning for business owners for as long as capital gains tax has existed in Canada, dating back to 1972. The main driver for its implementation has been income tax minimization at death to the business owner’s estate, in regards to the corporate shares which the business owner ….
On June 21, 2018, the U.S. Supreme Court ruled 5-4 in favour of allowing South Dakota to impose an e-commerce sales tax by Wayfair Inc. (“Wayfair”), a large online furniture and décor retailer, to customers located in South Dakota. Wayfair has no physical presence in South Dakota. It did not have any employees, agents or ….
U.S. citizens abroad who own an interest in a Controlled Foreign Corporation (“CFC”) have been unfairly targeted by two provisions of the U.S. tax reform that was legislated at the end of 2017. The taxes imposed under the Repatriation/Transition Tax and the Global Intangible Low Taxed Income (“GILTI”) regimen can be significant, are not creditable ….
In June 2018, in conjunction with hosting the international tax conference of Nexia International – a global network of independent accounting and consulting firms and one of the top ten global accounting networks, Zeifmans hosted Doing Business Globally: A Tax Update – an international tax seminar in Toronto. The seminar featured 6 speakers from Nexia offices ….