Recent Publications

The material contained in our publications is necessarily of a general nature and cannot be regarded as legal advice.

Members of our firm have recently published articles or delivered presentations on the following topics:

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New Era in Estate Planning

June 2015

The “New Era in Estate Planning” was presented at the JCF Professional Development Seminar, in June 2015. Abstract “Changes to the Taxation of Estates, Testamentary Trusts and Life Interest Trusts. New rules effective 2016 will affect all those involved in estate planning, whether as financial advisors, tax advisors, or will preparers, as well as those…

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Canada moves closer to automatic exchange of foreign bank information

June 2015

(Originally published at this link)   Canada moves closer to automatic exchange of foreign bank information Canada has moved one large step closer towards exchanging financial information automatically with member countries with its signature of the Organization for Economic Cooperation and Development’s (“OECD”) Multilateral Competent Authority Agreement on June 4, 2015. In doing so, Canada…

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Foreign Reporting – Are you High Risk?

January 2015

(Originally published at this link)   In early December, the Canada Revenue Agency (“CRA”)’s Offshore Compliance Section sent letters to certain taxpayers, urging them to review their tax filings in order to ensure that foreign assets with a cost… In early December, the Canada Revenue Agency (“CRA”)’s Offshore Compliance Section sent letters to certain taxpayers,…

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Recent developments in taxation

October 2014

The “Recent Developments in Taxation” presentation was presented to the Accountants’ Study Group, in October 2014. The topics include : Recent Legislative Proposals and Other Initiatives in the International Area Voluntary Disclosure and Audit Update Recent Developments in Revenue Quebec Audit and Objections Recent Developments in Revenue Quebec Collection Practices Recent Developments in Caselaw pertaining…

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Report On Recent Developments – Jun 2014

June 2014

OECD PUBLISHES STANDARD FOR AUTOMATIC EXCHANGE OF FINANCIAL ACCOUNT INFORMATION In February, 2014, the Organization for Economic Cooperation and Development (“OECD”) published a Standard for Automatic Exchange of Financial Account Information (the “Standard”). In May, 2014, more than 60 jurisdictions including Canada, the U.S., Switzerland, and Israel, endorsed the Standard with the OECD’s Declaration on…

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Report On Recent Developments – Feb 2014

February 2014

Canada and U.S. reach agreement on FATCA Canada and the U.S. have recently signed an intergovernmental agreement (“IGA”) regarding the Foreign Account Tax Compliance Act (“FATCA”). The U.S. enacted FATCA to require non-U.S. financial institutions to report accounts held by U.S. persons (U.S residents and U.S. citizens, including dual citizens or residents of other countries)…

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