Featured Articles
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. Read More
Filed under:
All Articles Posts
Common taxable benefits for employees explained.
If you have a job and are concerned about paying too much in taxes then this article is for you. In this article, we will review the two most common taxable benefits that are provided by employers to employees.
(No Ratings Yet)
Loading...Tax Tips for Canadians Investing in American Real Estate
One of the most significant road blocks for Canadian real estate investors looking to invest in Canada or the United States is the significant tax implications that may arise. That is why it is crucial that you utilize the best type of partnership structure for your situation. In this presentation, Allan Madan explains the tax … Continue reading Tax Tips for Canadians Investing in American Real Estate
Loading...How Corporations are Taxed on Dividends Received
In this blog, I will explain how corporations are taxed on dividends received.
(No Ratings Yet)Loading...How Is Investment Income Taxed?
Keep reading to learn about how investment income is taxed to you personally, and the tax deductions that you can claim to reduce the taxable amount of investment income.
(No Ratings Yet)Loading...Reporting for Foreign Property Owned Outside of Canada
Are you confused about reporting foreign property owned outside of Canada? Reading this blog will give you all the information you need when filing taxes!
(No Ratings Yet)Loading...2014 Year End Tax Tips for Business Owners
As part of our ongoing efforts to better engage and provide value to our clients, we regularly conduct informational tax webinars. Our webinar on February 20, 2015 focused on year end tax tips for business owners. Some of the topics covered in this webinar included:
Loading...Form W-8BEN/W-8BEN-E and W-9
Why and when to file Form W-8BEN Purpose The W-8BEN form is a Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding and Reporting (Individual). This form is required to be completed and submitted when receiving payments as a non-U.S. person from U.S. sources. Generally, 30% tax is withheld from certain … Continue reading Form W-8BEN/W-8BEN-E and W-9
Loading...Tax implications for Canadian employees working abroad
Tax Implications for Employees To understand the taxpayer’s responsibilities we must first determine their residency for tax purposes. In other words, will the employee remain a tax resident of Canada or will they become a resident of the US? To answer this question, we must consult the tax treaty between Canada and the US. Normally, … Continue reading Tax implications for Canadian employees working abroad
Loading...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
Loading...Foreign Income Verification Form (Form T1135)
To make sure your foreign income verification process goes smoothly, the foreign property that must be recorded on the T1135 includes: Funds in foreign bank accunts Shares in foreign companies, even if held in a Canadian brokerage Interests in non-resident trusts bonds or debentures issued by foreign government or foreign countries Life insurance policies … Continue reading Foreign Income Verification Form (Form T1135)
Loading...Free Online Tax Assessment
Save on Personal Taxes with this Incredible tool!
Save on thousands of dollars every year on personal taxes with this Incredible, FREE tool!
SOCIAL CONNECT