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How to Avoid Double Taxation Between the U.S. and Canada

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.
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Written by MadanCA Team on December 22, 2025 @ 2:58 pm
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Explore tax benefits of life insurance for business owners.

There are many benefits that a corporation can gain from getting life insurance. It provides lump sum cash for the family members of the deceased. Another benefit is that it can also be used to protect profits from investments from tax.

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Lower Your Tax Bill: Income Splitting with Your Spouse

So you want to know how can I lower my tax bill by income splitting with my spouse? Income splitting with a spouse is a very effective technique to reduce overall household tax liability. Some options within this technique involves letting the higher income spouse pay for all the house hold bills which frees the lower … Continue reading Lower Your Tax Bill: Income Splitting with Your Spouse

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Tax-free benefits available from your workplace.

What tax-free benefits can I get from my workplace? Employees can receive benefits from their workplace and employers that are completely tax-free. Some common benefits include a loan from an employer to buy a home, medical and dental benefits, non-cash gifts, as well as education and training related costs.

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Disadvantages of a Corporation

While corporations have many benefits, there are also some drawbacks. Generally, losses incurred by your business can be offset by personal income. If you’re incorporated then these losses cannot offset.

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Am I Eligible to Deduct Home-Office Expenses?

So you are probably asking yourself can I deduct home-office expenses? Those who run a home office and use a portion of their home as a designated office space are eligible to claim relevant tax deductions. The primary condition is that the home must be your primary place of business.

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What are the Advantages of a Corporation?

If you have a business then it might be a good idea to consider incorporating into an corporation otherwise known as a limited liability corporation. There are a number of different benefits for corporations such as the low corporate tax rate and limited liability protection.

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How to Prevent Paying Car Tax

If you use a vehicle for work and would like to avoid paying tax on it. It is important that you do not pay for those related expenses through your business account. Rather, you should pay for it out of your personal account. This way it becomes a taxable benefit for you on your personal … Continue reading How to Prevent Paying Car Tax

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Home selling tips for GTA residents

Propertyhound is a GTA based real estate company ensuring clients a unique way of finding and securing properties unique to individuals needs. Whether a first time buyer, or new in the city or an investor, PropertyHound.ca provides one stop real estate services by together the resources one needs. 

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PropertyHound- Unique House Hunting

Propertyhound is a GTA based real estate company ensuring clients a unique way of finding and securing properties unique to individuals needs. Whether a first time buyer, or new in the city or an investor, PropertyHound.ca provides one stop real estate services by together the resources one needs.

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Canadian Corporate Shareholder Loans

Are you an employee looking for information on Canadian Corporate Shareholder Loans? Look no further! All corporations need a capital base to run. Without one, it cannot operate, acquire assets, or conduct business. Known as capitalization, shareholders can provide a capital base in the form of either debt or equity. We call capital provided in … Continue reading Canadian Corporate Shareholder Loans

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