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. Read More

Selling a business is one of the biggest financial decisions an entrepreneur can make. Beyond negotiating the right price, business owners need to carefully consider how the sale will be structured, since taxes can drastically affect how much money you actually keep. Read More

Estate planning is about more than just deciding who will inherit your assets. In Canada, when someone passes away, the Canada Revenue Agency (CRA) treats their assets as if they were sold at fair market value the day before death. This is called a “deemed disposition”, which can create a significant tax bill for your surviving loved ones if your assets have appreciated over time. Read More

First Year U.S. Tax Issues for Canadians Moving to the U.S.

More Canadians are crossing the border to live in the U.S. than ever before, whether for career growth, business opportunities, education, or family. While the excitement of a new chapter is undeniable, moving to the U.S. means stepping into a very different tax system – one that may treat you as a resident for tax purposes sooner than you expect. Read More

As a Canadian accountant, I often get asked about HST: what it is, how to register for it, and how businesses can manage it efficiently. Whether you’re a small business owner just starting out or a seasoned entrepreneur, understanding HST is crucial to keeping your business compliant and optimizing your tax strategy. Read More