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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
IT Contractors – Employee Vs Incorporation
Question: I Am An IT Professional. I Just Received An Offer From My Employer. My Employer Wants Me To Incorporate And They Have Agreed To Offer A Better Hourly Rate. I Am Confused Should I Set Up A Corporation Or Become An Employee?
Tax on Inheritance in Canada
Question: My mother passed away in India last month. I am receiving my share of the family house. The home is located in India. I am a resident of Canada. Do I need to pay taxes in Canada when this property is transferred to me?
Incidental Rental income of CCPC
Question: My corporation, a CCPC, has a catering business and holds a building as an asset. I rent a portion of the building but use the rest in my operations. Is my corporation now Specified Investment Business?
U.S. Citizens and Residents with U.S. Amazon Stores
Question: Do Canadian Corps using U.S. Amazon FBA services need to pay branch profit taxes and file 5472.