GTN Mobility Tax Blog

Just when you may have thought cross-border taxation was getting simpler, the Canada Revenue Agency (CRA) recently put forward Technical Interpretation (CRA Views 2019-0832211I7) to provide further guidance on the concept of sourcing a cross-border employee’s compensation when in receipt of Restricted Stock Unit (RSU) benefits. What the CRA has brought forward is a new methodology of sourcing and is referred to as the “Hybrid Methodology.” They have stated this methodology will be their approach as of the 2021 tax year.

Without a doubt, COVID-19 has changed the way we live and work, especially within the global mobility industry. As vaccines finally make their way around the globe, organizations are realizing the traditional idea of having employees in the office every day may not be the way of the future. Programs and policies need to adapt to a new way of managing a remote workforce.

More than 50 million Americans face hunger every day; meanwhile, 40% of the food produced in the United States every year is wasted. Move For Hunger offers a sustainable solution to this inexcusable paradox—and we at GTN couldn’t be more excited to partner with them for our annual 2021 Beards & Braids for Busy Season campaign.

An article on mobility strategy during a global pandemic that has significantly curtailed global travel? Surely you jest! However, there may be no better time than now to address your mobility program and its ability to scale with your organization’s global goals. Call us optimistic, but, based on recent discussions with clients and related news reports, we foresee what could be a surge in global mobility later this year once global vaccination efforts ramp up. Now is the time to evaluate your mobility strategy to ensure your organization is ready once the floodgates open. So where do you begin?

In December, the Washington Post asked its readers to sum up calendar year 2020 in one word or phrase. They received over 2,000 responses with exhausting, lost, and chaotic rounding out the top three. And though it was all three of these words and more, 2020 was also a year when many of us took time to reexamine what is most important, where we want to spend our time, and how much we can accomplish when we all come together and give back.

In late December, the United Kingdom (UK) and the European Union (EU) finally reached a Brexit agreement. This agreement, called the EU-UK Trade and Cooperation Agreement (TCA), was approved on December 24, 2020 and is awaiting full ratification.