The Canadian Business Council (CBC) Abu Dhabi participated in the Networking Evening with H.E. Ambassador Lana Nusseibeh, Permanent Representative of the UAE to the United Nations on Thursday, 22 February 2018 at the Beach Rotana Abu Dhabi.
Over 150 members and guests from various Abu Dhabi business groups have attended the event and enjoyed the two-hour program.
H.E. Ambassador Lana Nusseibeh addressed the attendees in her remarks detailing five key areas of UAE's strategic global priorities at the United Nations, namely;
1. Women's empowerment & gender equality
2. Creating opportunities for youth
3. Governing the digital space
4. Post-oil economy & leading the energy revolution
5. Region-specific issues
Please click here to learn more about these key areas.
Right after her remarks, the attendees had the opportunity to ask questions wherein H.E. Ambassador Nusseibeh gladly welcomed.
The event ended with a presentation of Plaque of Recognition to H.E. Ambassador Nusseibeh and a group photo opportunity with Ambassadors and chairpersons of the participating business groups.
Wayne Bewick, representing Trowbridge Professional based in Toronto, in collaboration with the Canadian Business Council (CBC) Abu Dhabi hosted a seminar on “Real Estate in Canada and the Greater Toronto Area”. The event took place on 6 February 2018 at the Hilton Abu Dhabi, a CBC Gold member.
Mr. Bewick presented the latest Canadian tax changes, Canadian residency for tax purposes, Canadian filing/reporting requirements, the tax issues of owning a Canadian property and other investments and Canadian tax planning around moving back/to Canada. He stated that there is a general increase in targeting non-compliant individuals with foreign assets. The Canadian Revenue Agency (CRA) announced that in 2016, they were spending $450M over 5 years to target tax evaders, starting with the Isle of Man and moving to other jurisdictions. Some of the worth-noting are the foreign buyers tax in Vancouver & Toronto has increased to 15%, changes to the principal residence exemption and voluntary disclosure program; family tax splitting, art, fitness, education & textbook credits are gone. Mr. Bewick shared the comparison of a Canadian resident tax person versus a non-resident in Canada per year as
$10,000 as a resident
$0 as a Non-Resident
$27,000 as a resident
$73,000 as a resident
Mr. Bewick briefly introduced Trowbridge Professional and the services they offer. They provide pre and post - departure counselling, prepare the Canadian arrival, departure and non-resident tax returns, prepare non-resident rental returns while abroad, and prepare Canadians for their arrival back to Canada in the future and the arrival tax returns.
The one hour presentation concluded with a question and answer from the attendees and a raffle draw of one hour free consultation generously provided by Trowbridge Professional.
About Trowbridge Professional Corporation
Trowbridge Professional Corporation is a Canadian accounting firm that specializes in international tax services. We provide a wide range of corporate and expatriate tax services to Canadian and foreign-based individuals and corporations in a variety of industries. All of our professionals have in-depth tax experience and stay informed on current developments in tax legislation and the potential impact on our clients. Our corporate accounting, bookkeeping and payroll services team has many years of industry experience, helping global companies expand into new markets in Canada and helping companies in Canada grow with financial confidence. We offer a complete solution to help you meet your international tax and corporate accounting objectives. Our goal is to simplify the financial complexities of global business and living abroad, and make taxes less taxing.
To reach Trowbridge Professional, please contact, Wayne Bewick at email@example.com or call 416-214-7833 x 101
About Canadian Business Council of Abu Dhabi
Canadian Business Council (CBC) is a membership-based organization that represents Canadian business people and companies in Canada and in the United Arab Emirates. CBC hosts many business events and supports its members to create business opportunities in the United Arab Emirates through a wide network of relationships and contacts in the two countries. CBC membership includes businesspeople that work in the UAE-based companies and Canadian companies and represent them in the UAE. CBC members share common interests in creating excellent business relations and to strengthen trade relations between the UAE and Canada.
To reach the Canadian Business Council or for more information about CBC’s membership and sponsorship benefits, please visit the CBC website: http://www.cbcabudhabi.com or email, firstname.lastname@example.org
Room 201, Second Floor, Nexus Business Services, Daughters of Al Otaiba Building, Khalifa St. PO Box 105075, Abu Dhabi, United Arab Emirates
Telephone No. +971 2 626 8663 | Email: email@example.com