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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. Starting information & Filing Status – All the individuals filing U.S. Tax returns must provide this. Information required from 1040
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 is opening on February 23, 2024 We have compiled
OBBBA Changes That Affect 2025 U.S. Tax Returns
OBBBA Changes That Affect 2025 U.S. Tax Returns The One Big Beautiful Bill Act, also referred to OBBBA, Public Law 119 21, was enacted on July 4, 2025 and includes several tax provisions that first
Regulation 105 Waivers
What Regulation 105 requires Regulation 105 is the federal withholding rule for payments made to non-residents for services rendered in Canada when the payment is not employment remuneration. The rule generally requires the payer to
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?