This article talks about 2012 tax deductions for individuals. I am going to review the five most missed tax deductions. So, let’s get started.
LLP structure is one of the best entity for Canadian investors seeking legal liability as well as for avoiding double taxation whereas LLC is not recommended. More and more Canadians, realizing the real estate opportunity available in the US are turning to Partnership structure for their real estate investments. However, not many Canadians are fully … Continue reading US Partnership – tax implication
How to avoid paying tax on RRSPs for non-residents is revealed in this article. There are special tax implications for RRSPs for non-residents depending on where they reside. For the purpose of this article, the focus will be on those who left Canada and reside in the United States and those who plan on emigrating … Continue reading Deferral of Tax Payment on RRSPs for Non-residents
US citizens working in Canada have to file a Canadian tax return and pay Canadian tax. If you are a US Citizen working in Canada as an employee, you should be aware of what tax obligations are applicable to you or you could end up facing large penalties. Here are the tax-related responsibilities that you … Continue reading Tax Implications for US Citizens working in Canada
Learn why and when a Canadian business is required to have an Employer Identification Number from the US. An Employer Identification Number (EIN) is required for Canadian companies that do business in the US. If you are a Canadian company that is connected to the US, even in a small way, make sure that you … Continue reading EIN requirements for Canadian companies explained.
US-Canada tax experts reveal the most common pitfalls that Canadian companies face when sending employees to the US. What is an ITIN? Are you a Canadian corporation that’s sending one or more of your employees to work in the US? If yes, then be sure to avoid the following three most common mistakes made by … Continue reading Tax implications for Canadians sending employees to the US.
As a Canadian expatriate working in the U.S, you will be subject to U.S tax on the employment earned in the US. Are you employed by a Canadian business and working in the U.S? Are you aware that this type of cross border employment will trigger U.S. federal tax, state tax, and US filing requirements? … Continue reading U.S. Personal Tax Filing for Canadian Expatriates
Do you want to know how to increase your personal return tax savings? This article discusses how to save taxes on your 2012 Canadian personal tax return. I am now going to take you through the top 5 ways to save taxes on your 2012 T1, so let’s get started.
This article will take you through how to avoid the personal services business rules for IT contractors and independent consultants. If you are an IT contractor or independent consultant you should certainly read till the very end.
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