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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 […]