• Moodys Gartner Blog
  • Our Team
  • Tax well solved

A critical review of recent Canada Revenue Agency views on TOSI and how to use them to your advantage

Since coming into effect at the start of 2018, the new “tax on split income” or “TOSI” rules have been a source of anxiety for financial professionals advising private business owners due to its broad scope and complexity. The saga started on July 18, 2017 when the Department of Finance (“Finance”) introduced the first version

Read more

Announcing our new co-leaders of our US Tax Practice Group, Directors Alexander Marino and Azam Rajan

Moodys Gartner Tax Law is proud to announce the co-leaders of our US Tax Practice Group, Directors of US Tax Law Alexander Marino and Azam Rajan. Together, they exemplify what we’re all about, bringing unique perspective, experience, and the forward-thinking required to turn complex tax issues into straightforward solutions. Join us in congratulating them as they lead

Read more

It’s time for an update in the accounting world

It’s time for an update in the accounting profession. Firstly, the use of the title “accountant” should be regulated; and secondly, while we’re at it, it’s also time for a tax specialization designation. While our firm is a tax law firm, I personally am a professionally designated accountant working with lawyers day-to-day. Given such, I’m going

Read more

Baby, there’s high tax rates outside

I really can’t stay (but baby there’s high tax rates outside) I’ve got to go away (but baby there’s high tax rates outside) This year has been (been hoping for tax a rate win) So very nice (I’ll craft your tax plan, so it’s not on ice) My family will start to worry (but with

Read more

New Canadian beneficial ownership reporting requirements affecting certain corporations may soon become law

The Canadian federal government recently introduced Bill C-86, Budget Implementation Act, 2018, No. 2 (Bill C-86) (the “Bill”). This Bill includes significant proposed changes to the Canada Business Corporations Act (“CBCA”) concerning the disclosure of beneficial ownership of shareholders of federal private corporations. If passed, the amendments to the CBCA will become legally effective six months after receiving

Read more

How to not respond in a non-knee-jerk fashion to US tax reform

Eleven months since the US released and effectuated historical tax reform (and eleven months of listening to the Canadian Department of Finance’s standard speaking point stating that they will not respond to US tax reform in a knee-jerk fashion), the government of Canada today provided a non-response. We believe it’s fair to say, mission accomplished;

Read more

Proposed H-1B Pre-Registration Rule for FY2020

On October 17, 2018, as part of the US Department of Homeland Security’s (DHS) “Fall 2018 Unified Agenda of Regulatory and Deregulatory Actions and Regulatory Plan,” DHS has announced the upcoming publication of a proposed regulation requiring the pre-registration of employers seeking to file H-1B petitions on behalf of applications subject to the H-1B cap

Read more

Is Income Splitting Dead?

With the new “income splitting” rules (known as the “tax on split income” or “TOSI”) now law, effective January 1, 2018, I am constantly asked if income splitting is dead for business owners and their families. Whenever I’m asked this question – especially recently given that we just celebrated Halloween – I think of many

Read more