Tag: us and cross border tax
Doing Business in the U.S. for Canadian Companies
Chapter 1: Introduction The United States is the world’s largest economy and most dynamic consumer market, making it an attractive destination for Canadian companies seeking expansion. With strong bilateral trade, close geography, a shared language, and cultural familiarity, the U.S. is a natural next step for Canadian entrepreneurs. However, entering the U.S. market requires a … Continue reading Doing Business in the U.S. for Canadian Companies
Changing how you use property? Here’s how to save on taxes
When a Canadian taxpayer changes the use of a property from personal use (such as a principal residence) to income-producing use (such as a rental), or vice versa, the Income Tax Act may trigger a deemed disposition at the property’s fair market value.
Cross Border Tax | Tips for Americans Moving to Canada
Are you planning a move from the United States to Canada? Congratulations – but along with your big move comes a web of complex tax implications that many Americans aren’t prepared for. Expert cross-border tax accountants from Madan CPA understand how overwhelming this can be. This guide highlights key tips every American moving to Canada … Continue reading Cross Border Tax | Tips for Americans Moving to Canada
How to Manage Canadian-Source Income as a Non-Resident
Navigating the complexities of international tax can be daunting, especially when transitioning to non-residency status from Canada. Many individuals choose to become non-residents for various personal and financial reasons, seeking opportunities and advantages beyond Canada’s borders. However, it’s crucial to understand that severing physical residency does not necessarily eliminate all Canadian tax obligations.
The Impact of US Tariffs on Canada’s Economy
The ongoing trade dispute between the United States and Canada – in which leaders of both countries are imposing, or threatening to impose, tariffs on key goods – has left Canadians and business owners feeling unsettled about the economy. While the immediate impacts are evident in rising costs and uncertainty, the long-term consequences may force … Continue reading The Impact of US Tariffs on Canada’s Economy
An Accountant’s Tips for Cross Border Real Estate Investing
Investing in U.S. real estate offers a wealth of opportunities, from generating passive income to building long-term wealth. However, for Canadian investors, understanding the tax implications and choosing the right investment structure is critical. By strategically planning your investments with the help of a cross border accountant, you can navigate these complexities and make informed … Continue reading An Accountant’s Tips for Cross Border Real Estate Investing
SOCIAL CONNECT