Update: Agreement on Second Stimulus Package Announced Sunday, December 21, and a deal has finally been reached on a second stimulus package. After months of partisan stalemate, the 4 leaders of the Senate and Congress finalized an agreement on a package that will include $600 stimulus checks mailed to millions of Americans within a few…
Federal and Provincial Governments May Split Marijuana Tax Revenue This week, Prime Minister Justin Trudeau discussed new plans for a potential excise tax on the legal sale of recreational marijuana, the latter of which is set to take effect on July 1st, 2018. “The proposal we put forward is $1 excise tax per gram, up…
Best Canadian Cities to Live In – 2020 ******** IMPORTANT NOTICE: Although moving to Canada can be a beautiful experience the tax and financial planning issues that arise can be both complex and difficult to manage. If you need help navigating the management of your US investments before your move to Canada please sign up…
Canadian Cities Entering Bid for Amazon’s Second Headquarters Amazon recently began accepting bids for the location of its future second headquarters, and multiple major Canadian cities – including Ottawa, Toronto, Calgary, and Vancouver – are joining the race. While Amazon’s primary headquarters is in Seattle, Washington, there are indeed some advantages for Canadian cities as…
Finance Minister Morneau Optimistic About Tax Reform, NAFTA Talks Despite the rising Canadian dollar and uncertainty surrounding NAFTA negotiations with the U.S., Finance Minister Bill Morneau is cautiously optimistic about the positive state of Canada’s economy. So far in 2017, the Canadian dollar is up 10.7% against the U.S. dollar. Morneau spoke from Ottawa to…
Canada Reclaims Top Spot in U.S. Real Estate Investments Canada consistently ranks high among foreign investors in the United States, and has again surpassed China as the number-one investor in U.S. real estate. According to a new report from commercial real estate firm JLL on the first six months of 2017, Canada’s investments in U.S….
OPTrust Remains Confident in U.S. Investments Despite various political risks in the U.S. in 2017, the “strong foundations” of its economy continue to inspire confidence in Canadian investors, according to Hugh O’Reilly. O’Reilly is the President and CEO of OPTrust, which oversees one of the largest pension funds in Canada. OPTrust manages over $19 billion…