Authors: Kul Makkar, Tan Garg (International Tax Advisors Canada) How would you determine that the price at which you are selling goods or services to your US subsidiary or branch is acceptable to both Canadian and US tax authorities? Essentially, any transaction between a related Canadian and overseas enterprise must successfully pass the test of arm’s … Continue reading Transfer Pricing – Concept and Procedures
Want to know how to prepare Schedule E and form 4562? In part 1, I showed you how to prepare a 1040-NR Tax Return for your U.S. rental property. In this final part, I will cover Schedule E and form 4562.
Français Are you curious about applying for an Individual Taxpayer Identification Number? Keep reading to find out what an ITIN (Individual Taxpayer Identification Number) is and how you can apply for one. Please note, this number is not a replacement for the Social Security Number (SSN).
Are you a Canadian planning on temporarily working in the United States and are worried about how your payroll will be taxed? Learn about a strategy that will help you prevent double taxation and save your hard earned money along the way.
Over 1 million US citizens are living in Canada. Yet, many of them are unaware of their tax filing obligations. Read more to learn about what you should do so that you will never have to miss a tax filing deadline again.
Are you a Canadian who has a temporary work assignment in the United States? If yes, then this video is for you. Keep reading to be aware of the relevant tax issues, including how to avoid double taxation.
Expatriation tax is imposed on individuals who renounce their U.S. citizenship and certain long-term U.S. residents who terminate their residency status. This tax regime was introduced in 1966 and has been subsequently amended many times. The most current version of this tax regime is outlined in the Heroes Earnings Assistance and Relief Act (HEART) of … Continue reading US Expatriation Tax
If you are a Canadian citizen who has properties you want to give away in the United States, and if you know anyone who is deceased and thinking of transferring property, you may want to know about the tax implications surrounding how U.S. gift tax and estate tax affects Canadians. U.S. gift tax system creates … Continue reading U.S. Gift and Estate Taxes for Canadians
Are you a U.S. citizen working in Canada? Is the thought of double taxation making you sweat? No need to worry, Allan Madan will take you through vital information pertaining to double taxation surrounding social security.
One of the most significant road blocks for Canadian real estate investors looking to invest in Canada or the United States is the significant tax implications that may arise. That is why it is crucial that you utilize the best type of partnership structure for your situation. In this presentation, Allan Madan explains the tax … Continue reading Tax Tips for Canadians Investing in American Real Estate