Business Incorporation
Corporate Transparency Act (CTA) & Canadian Businesses
BOI Reporting requirements for Canadian corporations and entities who are registered in the United States.
December 27, 2023
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U.S. Income Tax
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 filed 5471, mostly due to
October 17, 2023
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Individual Tax - Canada
Departure tax in Canada
What is departure tax in Canada? How to manage it; exemptions, payment and deferral, and some planning options.
September 30, 2023
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U.S. Income Tax
U.S. Individual Tax returns
Mark the calendars as the extended due date of October 16, 2023 is approaching soon for the U.S. individual taxpayers.
September 20, 2023
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Individual Tax - Canada
Non-Resident Selling Canadian Real Property & Certificate of Compliance
Non-residents of Canada face some challenges when it comes to compliance when owning Real Estate in Canada. Non-Residents here does not mean Non-Canadians, it also includes Canadian citizens and permanent residents who emigrated from Canada.
September 8, 2023
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Individual Tax - Canada
Moving from Canada to the U.S.
There are many reasons why Canadian tax residents move to the U.S. including economic opportunities, family reunification, education, and lifestyle preferences. Those who are planning their move to the United States must recognize the key
September 1, 2023
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Individual Tax - Canada
Infographic: Non-Residents Owning Canadian Properties
Filing requirements: Non-residents with Rental income from Canada Non-residents of Canada who own Canadian real properties and generate rental income from such properties need to comply with certain reporting requirements. Important Disclaimer: Please note that
August 31, 2023
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U.S. Income Tax
10 Things Americans in Canada Should Know!
Immigration from the U.S. to Canada, or Canada to the U.S. is very common due to multiple reasons including personal, economic or political ones. There is a large number of U.S. citizens and Green Card
February 12, 2023
2 Comments
Individual Tax - Canada
CRA Individual Tax Number (ITN)
Individual Tax Number (ITN) for Non-Residents In order to file an individual income tax return with Canada Revenue Agency (CRA), you require either a Social Insurance Number (SIN) or an Individual Tax Number (ITN). If
January 24, 2023
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Individual Tax - Canada
2023 – Important Deadlines
Important deadlines for 2023 Please note that these are the deadlines applicable to most taxpayers. Some of the information returns may not be included here. For up-to-date information, please always follow the deadlines communicated to
January 20, 2023
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