United States: IRS Releases Final Forms And Instructions For Reporting Information Under The ACA

The IRS recently released final forms that employers must use to report health coverage that they offer to their employees. These new reporting requirements, which become effective for the 2015 calendar year, were added by the Affordable Care Act (ACA). These requirements are in addition to the requirement already in effect to report the cost of health insurance on Form W-2. Read more about the reporting requirements.
Applicable large employers (with 50 or more full-time […]

By |March 3rd, 2015|

Canada: CRA Releases Important Transfer Pricing Guidance On Management Fees And Other Intra-Group Services

CRA recently released a new Transfer Pricing Memorandum (TPM-15) giving detailed guidance on CRA’s audit approach to management fees and other charges for intra-group services, including on allocation keys for indirect chargebacks and markups on costs. The document expands considerably upon brief guidance on this topic in CRA’s main Information Circular on Transfer Pricing, which dates back to 1999. The new TPM is therefore a useful roadmap for Canadian companies, large and small, that […]

By |March 2nd, 2015|

Canada: The (Carbon) Taxman Cometh: The Impact Of Carbon Taxes On Landlords And Tenants

What is a Carbon Tax?
A carbon tax is a tax on the greenhouse gas (GHG) emissions generated from burning fossil fuels. In economic terms, it means putting a price on each tonne of GHG emitted. This increase in price will then, theoretically, discourage their use on the basis of economic inefficiency. In practical terms, it means the government placing a surcharge on the use of different forms of energy/fuel based on their carbon content […]

By |March 2nd, 2015|