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U.S. tax return and Section 899 removed from U.S. tax legislation

Relief for Canadian investors: Section 899 seemingly removed from U.S. legislation

Individual Canadian investors and Canadian businesses with U.S. assets are breathing at least a tentative sigh of relief today. At the Trump administration’s request, U.S. Senators appear to have agreed to remove the contentious Section 899 from the One Big, Beautiful Bill Act, the tax and spending legislation currently before Congress. While this is a […]

Section 899 and a U.S. tax return

Section 899 of ‘One Big, Beautiful Bill Act’ could be a nightmare for Canadian investors, businesses

Of all the economic disruption caused by the Trump administration in recent months—roiling markets and global investment patterns with tariff threats, upending longstanding agreements with trade partners and generating widespread economic uncertainty—his One Big, Beautiful Bill Act could have the most direct non-tariff impact on Canadian business owners and investors. Indeed, Section 899 of the […]