US and Cross-Border Tax

Holly Haber Writes Article for the Jewish Foundation of Toronto

Fuller Landau Team • May 28, 2020 Holly Haber, Partner in our US Tax practice, recently authored an article for the Jewish Foundation of Toronto, where she outlined what US residents holding inheritances and cash gifts in Canadian investment accounts need to know. To read the full article, click here. ... Read More

COVID-19: Learn more about the US Government’s Paycheck Protection Program

Jeffrey Brown • April 02, 2020 Jeffrey BrownCOVID-19:  Learn more about the US Government’s Paycheck Protection Program The US Small Business Administration (SBA)’s Paycheck Protection Program (PPP) was created by The Coronavirus Aid, Relief, and Economic Security Act (the CARES Act) to help small businesses impacted by COVID-19. The CARES Act provides $349 billion of funding for SBA lo ... Read More

COVID-19: US employment tax relief provisions explained

Jeffrey Brown • April 02, 2020 Jeffrey BrownIn this update, we explain the US employment tax relief enacted in recent COVID-19-related legislation. On March 31, 2020, IRS issued Notice 2020-22 outlining the following: The penalty relief applicable to deposits of US Federal employment taxes including income tax withheld, Federal Insurance Contributions Act (FICA) and Railroad Retirement Tax A ... Read More

COVID-19: US government signs CARES Act into law

Jeffrey Brown • March 29, 2020 Jeffrey BrownOn Friday March 27, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) into law. The CARES Act includes several tax changes relevant to our clients including the following: Suspension of the 80% taxable income limitation on net operating loss (NOL) deductions for tax years 2018 through 2020 put into ... Read More

COVID-19: Temporary Wage Subsidy for Employers – Further Information

Gordon Jessup • March 22, 2020 Gordon JessupThe Temporary Wage Subsidy for Employers was announced by the Government of Canada on March 18, 2020.  It is a three-month measure to assist eligible employers by reducing the amount of payroll deductions required to be remitted to the Canada Revenue Agency (CRA). An eligible employer is a Canadian-controlled private corporation (CCPC), a non-prof ... Read More