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We attempt to assist our readers by simplifying some of the complex income tax issues in Canada. Occasionally, we answer the general tax questions as well that can help a broader readership of our blog section.
INSIGHTS
Important Deadlines – US & Canada
Important Deadlines: 2025 tax Returns & Information Returns The 2025 tax season is on the horizon, and it’s time to begin preparing to file your 2025 tax returns, which are due in 2026. Understanding the
Checklist: U.S. Individual Tax Returns
Please use the checklists below to arrange the information for preparing U.S. personal tax returns. Caution: We are updating this checklist to accommodate the changes originating from the One Big Beautiful Bill Act (OBBBA). Starting information
2025 Checklist – Sec 216 and Non-Residents Tax Returns
Please use the below checklists to arrange for your information if you are filing Section 216 tax returns and non-resident individual income tax returns in Canada. Individual Tax Number (ITN) for Non-Residents Non-residents of Canada
2025 – Canadian Residents T1 Checklist
2025 – Individual Income Tax Return (T1) Checklist Efiling Status: Canada Revenue Agency systems to allow electronic filing of Individual Income tax returns (T1) for 2025 will open somewhere in the third week of February
Canada’s 2025 “Middle-Class’ Tax Cut
The headline measure is straightforward: the Government of Canada announced a reduction in the lowest federal marginal personal income tax rate from 15% to 14%, effective July 1, 2025. What changed for 2025 returns –
Bill C-15: Proposed End of UHT Returns
Bill C-15 and the Underused Housing Tax (UHT): Proposed Elimination of UHT Filings Starting in 2025 Last updated: January 2026 The federal Underused Housing Tax (UHT) has created significant compliance obligations for Canadian and non-resident
TAX QUESTIONS
Taxation of RSUs after moving from Canada
Question: I moved from the U.S. to Canada in April of 2024 after I got my Canadian PR approved. I have RSUs that were granted while I was in the
Short Term Rentals in Canada
Tax Question Asked by: Andrea J. Marie I have a condo that I use as an AirBNB in Toronto. I am recently told that I cannot claim any tax deductions
Bare Trust Reporting in Canada
Question asked by Sumit Khanna My son owns a house where he lives. He was having a hard time getting a mortgage. I decided to be on the title of
Late filing Penalties for form 5471
Tax Question asked by Aiman Doe (Name changed at their request) I am an American living in Canada since 2011. I own a Canadian Corporation since 2012. I have never
Tax Treaty Benefits for Non-U.S. members of LLC
Question: Can a U.S. LLC claim exemption from Canadian corporate income tax under article VII of treaty if it has non-us members?