Canada proceeds with digital services tax despite Trump's threat to terminate trade talks, as tech companies face a 3% tax on ...

Some understand the bill as increasing the rate of U.S. foreign withholding tax by a maximum of 20 percentage points, either to 35 per cent from the 15 per cent rate available under the Canada-U.S ...

As per the Financial Post, Section 899 allows the US to impose retaliatory taxes on individuals and entities from so-called “discriminatory foreign countries” and would explicitly override the current ...

Section 899 of the bill introduces retaliatory tax measures targeting foreign individuals, entities and governments that impose what the U.S. deems “unfair foreign taxes,” such as digital services ...

California Gov. Gavin Newsom reached out to the Trump administration on Monday with hopes that the two can pair up and create a $7.5 billion federal film tax credit to help out the movie business.

If this is your situation, you may be able to reduce the amount of federal tax you have to pay in Canada by claiming a federal foreign tax credit for the foreign tax that you paid. For more ...

In November, 2016, Mr. Bruyea filed an amended U.S. tax return (U.S. form 1040-X) seeking a refund of US $263,523 on the basis that, while the Code allowed no credit for Canadian tax paid on the ...

Canadians have reporting requirements for foreign assets, income and tax paid. Here’s how to claim each of these on your tax return. Residents of Canada are taxable on their worldwide income. So ...

Mexico is considering tax credits to attract foreign firms to invest and produce domestically, targeted at electric vehicles (EV), semiconductors, rare earth minerals, battery and electronics ...