Tag: us and cross border tax

US Expatriation Tax

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

Overview of U.S. gift and estate taxes for Canadians.

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 Overview of U.S. gift and estate taxes for Canadians.

U.S. tax implications for Canadians working or living abroad

Are you a Canadian resident who travels to the United States frequently? If so, it is important that you are aware of the “Substantial Presence Test”. This assessment is issued by the IRS and is used to establish the tax status of a non-resident. Calculations are based upon the number of days an individual intends … Continue reading U.S. tax implications for Canadians working or living abroad

Certificate of Coverage for Americans Working in Canada Watch Video

Are you a U.S. citizen working in Canada? Is the thought of double taxation making you sweat?

Tax Tips for Canadians Investing in American Real Estate

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

Form W-8BEN/W-8BEN-E and W-9

  Why and when to file Form W-8BEN Purpose The W-8BEN form is a Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding and Reporting (Individual). This form is required to be completed and submitted when receiving payments as a non-U.S. person from U.S. sources.  Generally, 30% tax is withheld from certain … Continue reading Form W-8BEN/W-8BEN-E and W-9

Canadians Owning a Vacation Property in the US

This article focuses on the tax implications when a Canadian gets rid of a vacation property in the US. Ridding of a property can be taken in two forms: 1) Selling the vacation property or 2) when the taxpayer passes away while having ownership of the property. Selling the vacation property: Once the vacation property … Continue reading Canadians Owning a Vacation Property in the US

Tax Implications of Sending U.S. Citizens to Work in Canada Watch Video

What are the tax implications for sending US Citizens to Work in Canada?

Taxes for Canadians Selling Property in the US Watch Video

Canadians are continuing to invest in the red hot real estate market.

Tips for Americans Performing Services in Canada Watch Video

Are you an American citizens performing services in Canada?

Tax Implications for Canadians Travelling to the U.S. Watch Video

Are you a Canadian snowbird? Make sure you understand the tax implications for Canadians traveling to the U.S.

How to Withdraw a IRA and 401K for Returning Canadians Watch Video

Are a returning Canadian with an IRA and 401K? The tax man could be around the corner.

How to Avoid Paying U.S. Estate Taxes Using a Two Tier Partnership Watch Video

US estate taxes can bring heavy and unwanted charges that can affect the money you have earned.

Tax on dividends from U.S. companies to Canadian parents.

As the last part of the three installments on ‘Foreign Accrual Property Income’, this article will focus on the Canadian taxation of dividends from foreign affiliates and controlled foreign affiliates that earns passive income. If you own a Canadian company that receives dividends from a US or foreign subsidiary then this article is for you. … Continue reading Tax on dividends from U.S. companies to Canadian parents.

When is the US Personal tax filing deadline?

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?

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