Monthly Archives: January 2018

Tax and Filing Requirements: SUPPORT OF REFUGEES

Two Technical Interpretations (May 26 and March 3, 2017) considered whether support provided to a refugee would be required to be reported on a Form T5007, Statement of Benefits.Essentially, the CRA considered whether the support would constitute “social assistance” which would require a T5007. If the amount is not considered “social assistance”, no T5007 would… Read more »

The IRS is Targeting Smaller Foreign Entities: OPERATING A BUSINESS IN THE U.S.

The IRS has recently noted that they are rolling out campaigns to focus on entities below the “big fish” that have historically been targeted. Such campaigns include: Related party transaction campaign – a redefined focus on mid-market entities to determine compliance with U.S. transfer pricing requirements. Inbound distributor campaign – reviewing whether S. affiliates distributing… Read more »