February Updates

Welcome to the latest installment of Overheard at Crowe Soberman! ?

In this edition, we cover essential topics for athletes and professionals alike. Learn about safeguarding your assets and legacy, navigating Quebec's tax landscape, managing endorsement income, complying with new supply chain regulations and more.

Stay connected and informed with our monthly roundup, tailored to meet the diverse needs of our audience. Subscribe today to never miss an update! ?

Recent Thought Leadership?

Leave a Legacy, not a Lawsuit?

Professional athletes live in a world of high stakes and fleeting fame. Amidst the glory, an often-overlooked reality looms: careers are short, injuries are common, and life is unpredictable.?Wills and powers of attorney are crucial for safeguarding assets, ensuring child guardianship, and managing taxes.?Learn more here. ?

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Performing or Working in Quebec??

Non-residents face a 15 per cent federal withholding tax in addition to a nine per cent tax in Quebec, and you may be required to file an income tax return.?Learn more about your Quebec contract and potential waiver eligibility here. ?

Taxing Times: Athletes Face Off Against Canadian Sales Tax?

Navigating the financial landscape as a professional athlete involves more than just playing the game. Beyond team salaries, endorsement income adds another layer of complexity, especially when it comes to taxes. This article delves into the intricacies of managing endorsement income and navigating the Goods and Services Tax/Harmonized Sales Tax (GST/HST) in Canada. Read more here. ?

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Bill S-211 Unveiled: Ensuring Ethical Practices in Your Supply Chain?

Bill S-211, the Fighting Against Forced Labour and Child Labour in Supply Chains Act, is now in effect, emphasizing transparency and accountability. Is your business prepared? Learn about compliance and the implications for your operations here. ?

New Tax Reporting Requirements for Bare Trusts | BNN Bloomberg ?

Tax Partner, Ali Spinner, FCPA, FCA, TEP sheds light on the new tax reporting requirements for bare trusts on BNN Bloomberg.?Don't?miss out on?crucial insights for navigating these changes effectively. Watch the full interview here.?

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Tax Season Odyssey 2024: Getting Ready for Tax Season?

Discover the five-step approach that will help you streamline?your 2023 tax return?and maximize your savings in this recent article.?Optimize your preparation here.?

Crowe Community ?

Meet our Winter Co-ops ?

Our Winter Co-op Season is in full swing, and we're thrilled to introduce you to some of the brilliant minds joining us this season. Meet Nicole Suszycki , Jenna Akroyd-Snider ,? Noah Durrell , Abhishek Trivedi and Caleb Chramow .?At Crowe Soberman, we believe in nurturing talent and providing valuable experiences to the next generation of professionals.

Our co-op program offers hands-on learning opportunities, mentorship, and exposure to diverse projects, setting the stage for a successful career.

Learn more about our co-op and internship programs here.