Canada

High-income backdown; Direct File collision; the vaping excise mess; and other highlights from our favorite tax bloggers.

U.S. lawmakers and government officials view the tax as unfair and have threatened to retaliate if Canada moved forward with it.

The firm employs about 7,700 people in Canada and had already cut about 2% of its workforce in the country at the end of last year.

Sustained high interest rates are pushing Canada toward a recession.

The Chartered Institute of Management Accountants and the Chartered Professional Accountants of Canada signed a memorandum of understanding.

Ottawa has pledged to implement a new digital services tax in early 2024, unless a global tax agreement is ratified by OECD countries.

The Biden administration secured an extension of a worldwide freeze on new digital taxes, putting it on a collision course with Canada after Ottawa refused to endorse the deal.

Finance Minister Chrystia Freeland is planning to raise billions of dollars from banks and insurance companies by changing the tax rules for dividends they get from Canadian firms.

BlueMail offers email-messaging hybrid app, and Tenenz debuts a free tax highlights video that firms can customize and use for lead generation.