North America: Tax

Prediction markets have emerged as one of the fastest-growing areas of online speculation, forecasting, and information-based trading.

Canadian taxpayers—particularly entrepreneurs, real estate investors, and high-net-worth individuals—face significant risk during a CRA tax audit where capital gains may be recharacterized as fully taxable business income, often resulting in a costly CRA tax reassessment.

For too long, Canadian tax law penalized business owners who wanted to keep their life’s work in the family. A sale to a stranger entitled the vendor to the lifetime capital gains exemption (LCGE) — currently $1,302,938 for 2026, indexed annually — sheltering over a million dollars of gain from tax.

Prediction markets have emerged as one of the fastest-growing areas of online speculation, forecasting, and information-based trading.

Canadian taxpayers—particularly entrepreneurs, real estate investors, and high-net-worth individuals—face significant risk during a CRA tax audit where capital gains may be recharacterized as fully taxable business income, often resulting in a costly CRA tax reassessment.

For too long, Canadian tax law penalized business owners who wanted to keep their life’s work in the family. A sale to a stranger entitled the vendor to the lifetime capital gains exemption (LCGE) — currently $1,302,938 for 2026, indexed annually — sheltering over a million dollars of gain from tax.

Cyber‑enabled cargo theft is a modern form of freight theft in which criminals use digital impersonation, stolen credentials and system manipulation to fraudulently obtain cargo...

The Autumn Budget contained a range of pensions-related announcements with implications for employers and trustees of all occupational pension schemes.

The Chancellor has today announced her highly anticipated autumn Budget.

Cross-border couples face complex tax implications when a Canadian spouse names their U.S. citizen partner as beneficiary of a Tax-Free Savings Account (TFSA). While TFSAs offer tax advantages in Canada, the IRS treats income from these accounts differently for U.S. persons, creating unexpected reporting obligations and potential tax consequences that require careful estate planning coordination between both countries.

Navigating the complex landscape of US federal income tax rules is crucial for investors and sponsors in private equity, venture capital, and hedge funds. Understanding how different investor categories—from US taxable entities to foreign pension funds—face distinct tax sensitivities can significantly impact investment returns and structural decisions when forming or investing in funds.

Many immigrants had a career before they moved to Canada and they might be eligible to receive a foreign pension from another country.