Ruminations of a Toronto Tax Lawyer: UPDATE: The Domestic & International Tax Treatment of Crowdfunding

Thursday, 27 March 2014

UPDATE: The Domestic & International Tax Treatment of Crowdfunding

It seems equity crowdfunding in Ontario may become a reality much sooner than expected. Recently, Sunita Doobay wrote on the topic in the March 2014 issue of Thomson Reuters Carswell Newsletter Privately Held Companies and Taxes. Since then, regulators in six different provinces have jointly released a proposed framework that would allow companies to raise funds online for equity. Sunita has revisited the issue and summarized the proposed changes in an update to the newsletter.

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Sunita Doobay, LLB, LLM, TEP is a cross-border Canada - U.S. tax lawyer in Toro nto with TaxChambers LLP. Her tax law practice covers the full range of income taxation. With a tax law background of over 20 years, she has provided and continues to provide tax advice to publicly and privately held companies and their shareholders on domestic and international tax matters. She is a frequent speaker, author and editor of the Thomson Reuters

Carswell Newsletter Privately Held Companies and Taxes. She is a member of the American Bar Association, International Fiscal Association, Society of Trusts and Estate Practitioners, the Canadian Tax Foundation and the Prospectors and Developers Association of Canada. She is a member of the Ontario bar and of the New York State Bar. She can be followed on Twitter https://twitter.com/sunitadoobay