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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
Black Entrepreneurship Program in Canada
Business Plan is required for Black Entrepreneurship Program
Cryptocurrencies: Income Tax Implications in Canada
How are cryptocurrency transactions reported to Canada Revenue Agency?
ITIN Supporting Documents – third-party withholding
U.S. ITIN Applications without tax returns for third party withholding of taxes.
Business Model Canvas
A business plan plays a key role in the decision-making process for its internal and external users. The very first challenge entrepreneurs face is the writing of this business plan. Unfortunately, sometimes it looks like
Understanding GILTI – For US Expats in Canada
Global Intangible Low-Taxed Income – Simplified! The Tax Cuts and Jobs Act of 2017 (TCJA) brought major changes to the U.S. tax system. With these changes come additional complications for U.S. citizens and resident aliens.
2020 U.S. Individual Income Tax Returns – Deadline extended by IRS
The Internal Revenue Service (IRS) has extended the deadline to file Individual income tax returns for 2020 in the U.S. The new deadline is now May 17, 2021 (the usual deadline is April 15 every year).