Gregory Ross has accepted an invitation from the Lord President of the Court of Session, Scotland to deliver a talk on Mobility of the Legal Profession at the Commmonwealth Law Conference in Glasgow later this year. His fellow speakers are from Canada and Uganda. A link to the full paper will be made available after […]
Tax Question:What is the cost of asking tax questions? How can I avoid huge fees when I have a “simple” or “quick” question? Facts:One of the things that often creates unnecessary friction between clients and advisors is the cost versus value of advice asked for and received. For example, a client might ask what seems […]
Tax Question: What tax implications does the 2015 British Columbia (BC) provincial budget have for owner managed businesses? Facts: BC Provincial Finance Minister Michael de Jong introduced the 2015 budget on February 17, 2015. The BC provincial budget was aimed at balancing expenditures and revenues and did not introduce any significant tax measures. In fact the […]
By “securitisation” is meant the operation by which a securitisation vehicle acquires or takes on risks linked to loans, goods or liabilities accepted by a third party by issuing transferable securities the value or yield of which is dependent on these risks. Practically speaking, a securitisation operation consists of bringing together a group of assets […]
Tax Question:What is the Small Business Job Credit and how can I take advantage of it? Facts:On September 11, 2014 the Minister of Finance announced the introduction of this credit. It is a two year measure that will help small businesses by lowering their Employment Insurance premiums from the legislated rate in 2015 and 2016. Discussion:A […]
Tax Question:Why should I stay connected to my accountant throughout the life cycle of my company? Facts:Having a strong relationship with your accountant can add value to your business. Your accountant should be one of the professionals you approach when making important business decisions. Keeping your accountant in the loop can help you make wise business […]
In Canada a company can be asked to prepare financial statements with one of five levels of report; No Report, Notice To Reader, Review Engagement, Audit Report or Forensic Audit Report. The costs go up with each level of service. Financial statements are required for a number of reasons such as accompanying tax returns, reporting […]
On November 27, 2014 Law No. 5,134, which regulates lawyers’ and solicitors’ fees who work in the City of Buenos Aires (hereafter the “Law”), was published in the Official Gazette. The Law, which was promoted by Jorge Rizzo and Daniel Lipovetsky from the City of Buenos Aires’s Bar Association (“CBABA”), was approved in a special […]
With a collapsed energy market in Argentina and a change of the current administration in 2015, it is clear that Argentina will have to develop and invest in the energy sector, and especially in the renewable energies sector. The purpose of this note is to briefly develop some of the main traits of the renewable energy legislation in – and theprospects for – Argentina. National System for Wind […]
The SOPARFI (Société de Participations Financières) is not a special type of company but an ordinary commercial entity governed by common law, specifically the 1915 Law on commercial companies. It does not enjoy any special tax regime and is fully taxable. There are no restraints on its field of activity. A Soparfi can, however, significantly […]
Tax Question: How is corporate tax calculated if my company has income in more than one province in Canada? Facts: If your company is a Canadian taxpayer, Canadian corporate tax is calculated by allocating taxable income between the provinces in which your company has a permanent establishment presence. Discussion: The company is considered to have […]
Along with stock and real estate portfolios, the global rich are now buying a new form of economic security: passport portfolios. Wealthy investors from around the world are increasingly shopping for visas or citizenship in other countries, hoping for a personal hedge against their own volatile governments or economies. A vast majority are new millionaires […]