Sanjeey Khatter, like many Canadians today, was in the dark as to how to file his taxes. Therefore he took on a tax preparer to assist him with his financial needs. What occurred after was an unfortunate mixture of poor judgment and severe carelessness.MadanCA Team on February 10, 2016 @ 7:23 pm
This article will discuss the top 3 strategies used by Canadian investors when purchasing a U.S. property. The goals of these 3 methods are to:
Breaking down global barriers As stated on Entrepreneur.com, before you branch out globally, you need to be certain the countries you are targeting are interested in your products/services. You’ll need a good understanding of the different cultures and your target market in each location. Of course, if you can offer a completely brand new product/service … Continue reading Constructing your Global Business Empire
No matter what type of business you’re running, one of the key things you often look out for is how to save money. Even the biggest companies in the world follow a few frugal tips to make the profits stretch further. The good news is there are plenty of ways to cut back. Below you’ll … Continue reading What You Can Do in Your Business to Save a Little Money Wherever You Can
Are you a Canadian Taxpayer looking to invest in another country? Have you heard of the ‘Foreign Accrual Property Income (FAPI)? If you have not, do not invest before you read this article! Imagine, if you will, a scenario. There is a wealthy Canadian taxpayer in the highest personal tax bracket. He has contributed … Continue reading What is the Foreign Accrual Property Income (FAPI) in Canada?
Today Madan Chartered Accountant presents Mark Weisleder. Mark is an influential real estate lawyer, author, newspaper columnist, and educational speaker on real estate within the Greater Toronto Area. In this video, Mark provides advice on real estate tips for first-time home buyers and investors looking to capitalize on Canada’s strong real estate market.
Are you a Canadian real estate investor, looking to buy property in the US? As the US housing market at an all-time low, many Canadians are getting caught up in the hype of buying. This has given many a sense of urgency, causing them purchase without the adequate planning required. Eventually, the lack of satisfactory … Continue reading Canadian Real Estate Investment in America – Top 5 Mistakes
Are you a nonresident of Canada? Do you know what the Section 217 Election means for you? Doing business in another country can be difficult, as you have to deal with two systems and two different sets of laws. In this article, I will explain more about this potentially confusing topic and provide you with … Continue reading Non resident withholding tax – What is a section 217?
Are you an employee looking to save on taxes? Did you know there are deductions that might be available to you? As far as deductions go, you have probably about small businesses and corporations. A business owner or corporation can deduct any reasonable expense incurred in the when earning income. Unfortunately, there is not as … Continue reading What are employee expenses?
Are you entering a business deal, but are unsure of any tax effects it may trigger? If you are, you should consider both the cost and benefit of requesting an income tax ruling and an interpretation. In this article, I will provide you with further information on this complex topic so you can make an … Continue reading Advanced Income Tax Rulings and Technical Interpretations
Are you confused about the US Tax Return Filing Deadline? You are not alone. Because of its size and complexity, the US system can be source of great confusion for those filing personal income returns. This is especially true for residents and citizens who recently moved out of the U.S., who are used to filing … Continue reading When is the US Personal tax filing deadline?
Filing tax returns for deceased in Canada In life, it is said that the only two certain things are death and taxes. While both of these may be inevitable, tax penalties due to incorrect actions are not. Have you been named someone’s legal representative, but are unsure of what to do? Let Allan Madan Chartered … Continue reading Death of a Taxpayer – Tax Returns for deceased in Canada