Phase-Out of Recaptured ITCs – Reminder
Jul 4, 2017
Ontario introduced the Phase-Out of Recaptured ITC rules (RITC) for large businesses effective July 1, 2010. These rules have had...
Tax Planning Update – U.S. Closer Connection, Form 8840
May 31, 2017
U.S. tax rules contain a mathematical formula to determine tax residency. This formula involves counting the number of days that...
Ontario Provincial Budget Commentary
Apr 28, 2017
On April 27, 2017, Finance Minister Charles Sousa tabled his fifth Budget. The deficit for the 2016-17 fiscal year is...
Ontario Introduces a New 15% Property Tax on Foreign Buyers
Apr 21, 2017
As expected, Ontario has announced that effective April, 21, 2017, a new tax of 15% will be payable on the...
2017 Federal Budget Commentary
Mar 23, 2017
The Federal Government’s 2017-18 Budget gives Canadians a taste of what they might expect over the next couple of years:...
Do you need to complete a US 1040 Personal Tax Return?
Feb 22, 2017
The 2016 U.S. tax return for an individual; Form 1040 is due on April 18th, 2017. However, if a U.S....
Are you ready for Tax Time?
Feb 16, 2017
The May 1, 2017 deadline to file your 2016 personal income tax return is quickly approaching. As a result of...
Lipton LLP announces our latest promotions
Jul 25, 2016
2016 Federal Budget Commentary
Mar 23, 2016
When the new government said last year that it would return Canada to deficits, few expected the numbers to jump...