An article co-authored by Jennifer Lee, Zachary Kling, Jonathan Rhein, Zaira Cortes Rivero and Peter Glicklich is published in Bloomberg Tax. The article, focused on the U.S. Corporate Alternative Minimum Tax (CAMT), warns that the application of certain aggregation rules as described in recent IRS guidance may subject more corporations to the tax and CAMT-related compliance.
The Proposed Enhancement of the CRA’s Audit Powers, Part One: Under Penalty of Perjury
May 03, 2024 - The following article was originally published in Law360 Canada. Budget 2024 proposes to substantially bolster the Canada Revenue Agency’s (CRA) audit powers, underscoring the increasing burden on taxpayers to comply with information requests and the consequences of non-compliance. ...
Federal Budget 2024: How It Impacts You and Your Business
Apr. 16, 2024 - The Honourable Chrystia Freeland, Deputy Prime Minister of Canada and Minister of Finance, delivered the Liberal Party’s federal budget (Budget 2024) on April 16, 2024. Budget 2024 included a number of proposed changes to the Income Tax Act (ITA) and other tax legislation. The most...
