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When you have enough residential ties inCanada, you need tofile a Canadian tax return. Residential ties include a home in Canada, a spouse or common-law partner in Canada, dependants in Canada, economic ties in Canada (like a Canadian bank account or credit card), a Canadian driver's lice...
Current tax rules related to digital assets are in some instances unclear and require significant judgments to be made in interpretation of the law, including but not limited to the areas of income tax, information reporting, transaction level taxes and the withholding of tax at source. Additional...
As mentioned in the introduction, the Canada Revenue Agency (CRA) requires regular reporting of Canadian sales tax, payroll taxes, and income taxes. Each province and territory has its own tax-related requirements as well. These regulations are often referred to as government compliance requirements...
Additionally, in September 2020, the Company sold its Canadian headquarters in Brampton, Ontario for approximately $16.7 million, net of costs to sell, and leased back the facility for a term of five years on market rate terms at an average annual base rent of $0.9 million, plus taxes, ...
; standalone selling price of material rights and the period of time over which to defer and recognize the consideration allocated to the material rights; allowance for expected credit losses; liabilities relating to transaction losses; stock-based compensation; and accounting for income taxes. ...
EBIT Earnings (Loss) Before Interest and Income Taxes EIP Equity Incentive Plan EMBP Executive Management Bonus Plan ERG Employee Resource Group ESG Environmental, Social and Governance ESPP Employee Stock Purchase Plan Exchange Act Securities Exchange Act of 1934 FASB Financial Accounting Standards Board...
◦international political factors, political stability, tariffs, border taxes or restrictions on remittances or transfers out of the outbound countries in which we operate; ◦currency restrictions and volatility in countries in which we operate or plan to operate; ◦consumer fraud and other risks...
Key Takeaways A consolidated tax return allows affiliated entities to report their taxes jointly on one return. This benefits a corporation that operates through many legal entities and wishes to be seen as one entity. Items that are consolidated typically include capital gains, net losses, and ce...