Category: U.S & Cross Border Tax

Payroll taxes for Canadians temporarily working in the U.S.

Are you a Canadian planning on temporarily working in the United States and are worried about how your payroll will be taxed? Learn about a strategy that will help you prevent double taxation and save your hard earned money along the way.

Filing Tax Returns for U.S. Citizens Living in Canada

Over 1 million US citizens are living in Canada. Yet, many of them are unaware of their tax filing obligations. Read more to learn about what you should do so that you will never have to miss a tax filing deadline again.

Tax implications for Canadians working in the U.S.

Are you a Canadian who has a temporary work assignment in the United States?  If yes, then this video is for you. Keep reading to be aware of the relevant tax issues, including how to avoid double taxation.

US Expatriation Tax

Expatriation tax is imposed on individuals who renounce their U.S. citizenship and certain long-term U.S. residents who terminate their residency status.  This tax regime was introduced in 1966 and has been subsequently amended many times.  The most current version of this tax regime is outlined in the Heroes Earnings Assistance and Relief Act (HEART) of … Continue reading US Expatriation Tax

Overview of U.S. gift and estate taxes for Canadians.

If you are a Canadian citizen who has properties you want to give away in the United States, and if you know anyone who is deceased and thinking of transferring property, you may want to know about the tax implications surrounding how U.S. gift tax and estate tax affects Canadians. U.S. gift tax system creates … Continue reading Overview of U.S. gift and estate taxes for Canadians.

U.S. tax implications for Canadians working or living abroad

Are you a Canadian resident who travels to the United States frequently? If so, it is important that you are aware of the “Substantial Presence Test”. This assessment is issued by the IRS and is used to establish the tax status of a non-resident. Calculations are based upon the number of days an individual intends … Continue reading U.S. tax implications for Canadians working or living abroad

Certificate of Coverage for Americans Working in Canada

Are you a U.S. citizen working in Canada? Is the thought of double taxation making you sweat? No need to worry, Allan Madan will take you through vital information pertaining to double taxation surrounding social security.

Canadians Owning a Vacation Property in the US

This article focuses on the tax implications when a Canadian gets rid of a vacation property in the US. Ridding of a property can be taken in two forms: 1) Selling the vacation property or 2) when the taxpayer passes away while having ownership of the property. Selling the vacation property: Once the vacation property … Continue reading Canadians Owning a Vacation Property in the US

Tax implications of sending U.S. workers to Canada.

What are the tax implications for sending US Citizens to Work in Canada? This is a loaded question and the cross border tax implications are complex. In this blog, I will highlight the most important ones.

Taxes for Canadians selling property in the U.S. explained.

Canadians are continuing to invest in the red hot real estate market. But what they don’t realize is the amount of taxes to be paid when the US situated property is eventually sold. In this blog, I will cover the basic taxes for Canadians selling property in the US.

Tips for Americans providing services in Canada.

Are you an American citizens performing services in Canada? Are you confused about your Canadian tax obligations? If the answer to these questions is yes, this blog is for you!

Tax implications for Canadians traveling to the U.S.

Are you a Canadian snowbird? Make sure you understand the tax implications for Canadians traveling to the U.S.

Withdrawing from IRA and 401(k) for returning Canadians.

Are a returning Canadian with an IRA and 401K? The tax man could be around the corner. Learn the best ways for withdrawing your IRA and 401K.

Avoiding U.S. estate taxes with a two-tier partnership.

US estate taxes can bring heavy and unwanted charges that can affect the money you have earned. Setting up a two tier partnership can save you millions.

Tax on dividends from U.S. companies to Canadian parents.

As the last part of the three installments on ‘Foreign Accrual Property Income’, this article will focus on the Canadian taxation of dividends from foreign affiliates and controlled foreign affiliates that earns passive income. If you own a Canadian company that receives dividends from a US or foreign subsidiary then this article is for you. … Continue reading Tax on dividends from U.S. companies to Canadian parents.

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