Canadian Clean Technology Investment Tax Credit

Canadian Clean Technology Investment Tax Credit

On August 4, 2023, Deputy Prime Minister and Minister of Finance Chrystia Freeland published legislative proposals (the “Proposal”) relating to various incentives discussed in Budget 2023, including the new Clean Technology Investment Tax Credit (“ITC”). Leo Berwick...
FIRPTA Traps – Greenfield Projects and Start-up Businesses

FIRPTA Traps – Greenfield Projects and Start-up Businesses

By now, most foreign investors that are investing in US real property or US infrastructure projects have likely encountered the Foreign Investment in Real Property Tax Act of 1980 (“FIRPTA”). In general, FIRPTA was enacted to impose a tax on gains derived by foreign...
What is FIRPTA? A Guide for Buyers and Sellers in M&A Deals

What is FIRPTA? A Guide for Buyers and Sellers in M&A Deals

What is FIRPTA? The Foreign Investment in Real Property Tax Act (FIRPTA) is a tax law that enables the IRS to tax non-US persons on their dispositions of U.S. Real Property Interests (USRPI).  Understanding the application of FIRPTA is critical in conducting tax...