Insights
What Trump’s Victory Means to Canadians Doing Business in the U.S. and American Expatiates Living in Canada
Donald Trump’s victory coupled with what appears to be a Republican sweep of both houses of Congress sets the stage for tax legislation to be passed early in Trump’s term. ...
Insights
Pycap and Zeifmans partner up to support international start-ups entering Canada
Zeifmans is excited to announce its newest partnership with Pycap, an innovative Venture Capital Firm and Canada’s Leading Startup Visa (SUV) incubator. The firm, which is registered with the Federal ...
2023 Budget Tightens Tax rules while Investing in Clean Tech
The 2023 Federal Budget, presented by Finance Minister Chrystia Freeland on March 28, forecasts a $43 billion dollar deficit, with both spending cuts and tax increases. High income individuals may ...
The Supreme Court Rules in Favour of the Taxpayer in an FBAR Penalty Case
On February 28, 2023, the U.S. Supreme Court released a 5-4 decision against the IRS’s position on the imposition of nonwillful violations of timely Foreign Bank Account Reporting (“FBAR”) reporting ...
How the CRA’s GST/HST tax rules affect new residential properties
The GST/HST ramifications and potential self-assessment for builders of new residential properties is often a complicated endeavor, especially for those planning on renting once construction is completed. If GST/HST rules ...
Tax Insights: A summary of The Underused Housing Tax (UHT) for Canadians
Canada’s newest Underused Housing Tax (UHT) was enacted last summer, meaning some residential property owners (i.e., those not considered “excluded owners”) are expected to file a UHT return and pay ...
Financial complications: how the economic climate affects buying or selling a pharmacy
Economic challenges facing pharmacies Before starting the process, it’s important to understand the economic issues you’ll be facing whether you’re buying or selling. They include: Soaring inflation. After hitting ...
TFSAs for U.S. citizens: might be worthwhile with some caveats
Since the Tax-Free Savings Account (TFSA) was introduced in 2009, it has been used by Canadians to earn investment income on a tax-free basis. Many U.S. citizens, however, have shied ...
How psychedelic startups can survive in a declining market
The psychedelics market saw an interesting shift several years ago. Long associated with party drugs, psychedelic substances were now being touted as potentially game changing treatments for a variety of ...
Congrats to our 2022 CFE writers!
Life is full of milestones, and this is just the beginning of the journey. Zeifmans LLP is proud to congratulate our team members on successfully completing the 2022 Common Final ...