News

TEI Submits Comments on CAMT Proposed Regulations

On January 16, TEI submitted comments on the proposed regulations on the corporate alternative minimum tax (CAMT). TEI’s comments addressed foreign tax credit considerations and provided recommendations for modifications to adjusted financial statement income related to the treatment of investments in certain financial instruments and the treatment of certain covered… Read more »

TEI World Tour
International President Josephine Scalia’s travels have been underscored by global engagement and inspiration

TEI International President Josephine Scalia is no stranger to worldwide travel, but this go-around, she got firsthand experiences with the Institute’s global community—in droves. Since August, Scalia traveled from her native Canada, throughout the United States, to the Middle East, and across Asia, with her journey ending in December. “In… Read more »

CRA Responds to TEI’s 2023 Liaison Meeting Commodity Tax Questions

The Canada Revenue Agency (CRA) has submitted its written responses to TEI’s December 2023 CRA-TEI liaison meeting questions regarding commodity taxes. Review the CRA’s responses here.

British Columbia Minister of Finance Responds to TEI’s Submission on the Definition of Software for the PST

TEI received a letter from the British Columbia minister of finance in response to the Canadian Commodity Tax Committee’s March 29, 2024, submission. The committee had submitted a letter addressing the 2024 British Columbia budget changes to the provincial sales tax’s (PST’s) definition of “software,” including the retroactive impact of… Read more »

TEI Submits Comments on Simplifying Pillar Two Reporting

On December 17, TEI submitted comments to the Organisation for Economic Co-operation and Development (OECD) recommending that it simplify the Pillar Two reporting requirements. TEI recommended that the OECD help coordinate the timing of payments, adjustments, and refunds across jurisdictions, which would reduce multinational enterprises’ compliance burdens. Other recommendations included… Read more »

TEI Holds TechTAXcelerate 2024 Webinar Series

From December 16 to 19, TEI hosted its second annual TechTAXcelerate webinar series, an innovative event dedicated to exploring the transformative role of technology and artificial intelligence (AI) in modern tax practices. Over four days, attendees participated in eight ninety-minute sessions led by industry experts, in-house technology pioneers, and leading… Read more »

TEI Canadian Committees Meet With CRA and Department of Finance Canada

TEI’s Canadian Income Tax Committee (CITC) and Canadian Commodity Tax Committee (CCTC) held liaison meetings with the Canada Revenue Agency (CRA) and the Department of Finance Canada on November 19 and 20 in Ottawa. The meetings were well attended by members of the committees. Benjamin R. Shreck and Kelly Madigan,… Read more »

TEI Holds 2nd Annual Ethics CPE Webinar Series

From December 9 to 12, TEI hosted its 2nd Annual Ethics CPE webinar series, offering tax professionals an opportunity to earn 2024 ethics credits while enhancing their understanding of critical ethical issues in the tax practice. The series featured seven one-hour webinars covering a range of topics, including privilege and… Read more »

TEI Holds 2024 Federal Tax Course – Level 1 (Simulive Edition)

From September 30 to November 20, TEI hosted its Federal Tax Course – Level 1 (Simulive Edition), a comprehensive virtual program designed to provide foundational knowledge and practical insights into federal taxation. Tailored for tax professionals with five or fewer years of experience or those seeking to refresh their skills,… Read more »

TEI to Comment on New Proposed Section 987 Regulations

The US Treasury Department and Internal Revenue Service published new proposed regulations under Section 987 in December. The proposed regulations were accompanied by lengthy final regulations under Section 987, which incorporated several of TEI’s comments from the Institute’s submission regarding the 2023 proposed regulations. TEI is contemplating submitting comments on… Read more »