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

Managing taxes is already complex – add international borders to the mix, and it becomes even more challenging. Whether you’re a Canadian investing in the U.S., an American living in Canada, or a snowbird splitting time between both countries, you need to understand how tax laws on both sides of the border affect you. Read More

House flipping has become a popular way to build wealth in Canada, especially as real estate prices have surged. The basic idea – buy a property, renovate it, and sell it quickly for profit –  sounds simple. But from the Canada Revenue Agency’s (CRA) point of view, flipping can carry complex tax consequences, and you could end up with a surprising bill if you misunderstand how the profits are taxed. Read More

As your income rises, so does your marginal tax rate, which means proactive tax planning is a must. High-income earners – which is considered an annual salary of $115,000+ in Canada – face some of the steepest tax rates in Canada, but there are smart, legal strategies to help keep more of your hard-earned dollars. Here are 5 strategies to reduce your tax bill and build wealth more efficiently. Read More