In today’s global environment of tax transparency and regulatory alignment, entrepreneurs and consultants must structure their businesses with care. The goal is to achieve legitimate tax efficiency while maintaining full compliance with local and international laws. A proven strategy that meets this objective involves using a dual-jurisdiction structure incorporating entities in Barbados and St. Lucia.
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When a Canadian taxpayer changes the use of a property from personal use (such as a principal residence) to income-producing use (such as a rental), or vice versa, the Income Tax Act may trigger a deemed disposition at the property’s fair market value. Read More

Are you planning a move from the United States to Canada? Congratulations –  but along with your big move comes a web of complex tax implications that many Americans aren’t prepared for. Expert cross-border tax accountants from Madan CPA understand how overwhelming this can be. This guide highlights key tips every American moving to Canada must know to optimize their tax situation and avoid common financial pitfalls. Read More

FreshBooks is one of Canada’s leading cloud-based accounting software companies, founded in Toronto in 2003. Built initially for small business owners and freelancers, FreshBooks quickly grew into an industry leader, serving millions of customers across more than 160 countries. Along the way, FreshBooks partnered with expert tax accountants to ensure their financial systems could scale efficiently while staying compliant with Canadian and international tax regulations. Read More

Navigating the complexities of international tax can be daunting, especially when transitioning to non-residency status from Canada. Many individuals choose to become non-residents for various personal and financial reasons, seeking opportunities and advantages beyond Canada’s borders. However, it’s crucial to understand that severing physical residency does not necessarily eliminate all Canadian tax obligations. Read More