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U.S. tax reform for Canadians: The Tax Cuts and Jobs Act of 2017 (Webinar)

Jan 9, 2018

The U.S. taxation system has undergone the most significant overhaul in decades now that U.S. tax reform has become law. The final legislation, the Tax Cuts And Jobs Act (the TCJA), will reshape the competitive landscape for Canadian businesses with cross-border ties. 

Canadians are major stakeholders in the U.S. economy, and that’s why it’s crucial for your business to understand and plan for the shifting economic and legal framework ahead resulting from U.S. tax reform. This presentation by Paul Seraganian, Managing Partner of Osler’s New York Office, and Jennifer Lee, a partner in Osler’s Taxation Group, explores the new U.S. tax landscape in detail and outlines the implications for Canadians. Paul and Jennifer provide an overview of the key components of the legislation most relevant to Canadian businesses in the cross-border space, including the following:

  • A timeline for the TCJA and general outlook for tax planning
  • Key U.S. domestic and international provisions and U.S. “headline” tax rates going forward
  • Limitation of Interest Expense Deductibility – Section 163(j)
  • Immediate expensing
  • Limiting use of net operating losses (NOLs)
  • FDII rules
  • Lower rates for pass-throughs
  • Key U.S.-inbound tax changes including related-party anti-hybrid provisions
  • Base Erosion and Anti-Abuse Tax
  • Key U.S.-outbound rule changes including CFC rules
  • Global intangible low-taxed income (GILTI)