CCPC Shares & Emigration
This article focuses on the limited emigration issues specific to shareholders of CCPCs related to their shares. Due to the complex nature of residency issues and tax...
Black Entrepreneurship Program in Canada
The much anticipated Black Entrepreneurship Program (BEP) opened the applications for Black Entrepreneurship Loan Fund.
The Black Entrepreneurship Loan Fund Program is an...
Cryptocurrencies: Income Tax Implications in Canada
Pandemic brought an extra spice to financial markets!
The financial markets climbed to a record high and still climbing, due to too much money in the economy. Like many other...
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...
Understanding GILTI – For US Expats in Canada
Global Intangible Low-Taxed Income – Simplified!
The Tax Cuts and Jobs Act of 2017 (TCJA) brought some major changes for U.S. taxpayers.
The Global Intangible Low-Taxed...
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...
Hybrid Entities – The Tax Problems in Canada
A hybrid entity is an entity that has different tax treatments in different countries. The typical examples of these entities are US Limited Liability Company (LLC), Limited...
How to Stay Safe this Tax Season
Tax season is in full swing!
Millions of Canadians and Residents are looking to file their taxes. Traditionally, taxpayers with simple tax situations tend to visit drop-off...
Blockchain Technology and Cryptocurrencies
Cryptocurrency is the buzzword of 2021.
If you’re an investor, not a single day goes by without a headline about bitcoin popping up in the newspaper, a tweet about...
2020 Individual Income Tax Return Checklist
2020 Tax season just started.
Individual income tax and benefits returns are now open for e-filing. A checklist is compiled to help you preparing all the documents for your tax...
10 Things Americans in Canada Should Know!
Effective February 12, 2021, the Internal Revenue Service (IRS) has begun receiving 2020 tax returns in the U.S.
In 2020, the American have moved to Canada in record numbers....
Forgivable Portion of CEBA and Income Inclusion
Many businesses in Canada have taken advantage of Canada Emergency Business Account (CEBA).
The initial program offered $40,000 with 1/4 i.e. $10,000 is forgivable if certain...