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Peer-to-Peer Tax Return Filing In Canada
A few months ago, a new client walked into our office holding a letter from the CRA. He looked baffled. “I just rent out my basement on Airbnb on weekends,” he said. “How did they know exactly how much I made?” Read More
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Peer-to-Peer Tax Return Filing In Canada
A few months ago, a new client walked into our office holding a letter from the CRA. He looked baffled. “I just rent out my basement on Airbnb on weekends,” he said. “How did they know exactly how much I made?”
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Loading...2025: How Small Businesses Can Minimize Tax Liabilities
There is a specific feeling every business owner knows. It’s that moment in April (or June, if you’re incorporated) when you look at your net profit, feel a surge of pride, and then look at the estimated tax bill and feel… mostly pain.
(No Ratings Yet)Loading...How to File Your U.S. Tax Return While Living in Canada
It’s a conversation we have almost every week. A client sits down, looking confused and a little frustrated. They’ve lived in Canada for fifteen years, they pay their taxes to the CRA on time, and they consider themselves fully Canadian.
(No Ratings Yet)Loading...How To File Foreign Business Income Taxes In Canada
It used to be that “foreign business income” was something only massive corporations worried about. Today, it’s Mark, a graphic designer in Toronto who freelances for a startup in New York. It’s Sarah, who sells handmade jewelry on Etsy to customers in France.
(No Ratings Yet)Loading...How to Avoid Double Taxation Between the U.S. and Canada
Imagine working hard all year, only to find out that both the Canada Revenue Agency (CRA) and the Internal Revenue Service (IRS) want a full slice of your income. Suddenly, a $100,000 salary could look more like $40,000 after both countries take their cut.
(No Ratings Yet)Loading...How a Tax Accountant Can Simplify Cross-Border Tax Issues
Last month, a client came to us panicking about a $10,000 FBAR penalty notice. She had no idea her Toronto savings account needed to be reported to the IRS.
(No Ratings Yet)Loading...Should You Invest in Cryptocurrency Personally or Through Your Corporation?
As cryptocurrency investing in Canada continues to grow, many incorporated professionals – especially consultants, IT specialists, and entrepreneurs – are asking an important question: Is it better to invest in crypto personally or through my corporation?
(No Ratings Yet)Loading...Cross-Border Inheritance: How Canada and the U.S. Tax Estates and Inheritances
As families live and invest across borders, many people are surprised to learn how differently Canada and the United States handle taxes when someone passes away.
(No Ratings Yet)Loading...Things to Know About Canada/U.S. Cross Border Taxation
If you’re a Canadian with ties to the United States, whether through work, investments, property, or family, your taxes don’t stop at the border. Understanding how cross-border taxation works is crucial to protecting your money and staying on the right side of both tax authorities.
(No Ratings Yet)Loading...Canadian Departure Tax: What You Need to Know Before Moving to the U.S.
Thinking of moving to the U.S.? Don’t forget about Canada’s departure tax – it can cost you thousands if you don’t plan ahead.
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