by Nancy Zheng, B. Comm, CPA, CMA | Feb 3, 2025 | Featured, Featured, Tax Planning, Tax Planning
In my previous blogs, I discussed the tax implications for Canadian non-residents owning Canadian rental property and the considerations at the time of departure from Canada. In this blog, I would like to now shift the focus to U.S. residents who own U.S. property and...
by Nancy Zheng, B. Comm, CPA, CMA | Jul 22, 2024 | Featured, Featured, Tax Planning, Tax Planning
In my previous blog, (https://mcacrossborder.com/renting-out-your-property-as-a-non-resident-of-canada), I discussed the tax compliance rules around renting out your property in Canada as a non-resident. In this blog, I would like to continue this discussion by...
by Nancy Zheng, B. Comm, CPA, CMA | Feb 14, 2024 | Tax Filing Requirements, Tax Planning
Predicting the housing market is already challenging due to interest rate fluctuations and other factors. Throw non-residency into the mix, and for someone departing Canada, it becomes a complicated decision whether to maintain one’s principal residence or to rent it...
by Nancy Zheng, B. Comm, CPA, CMA | Jul 21, 2023 | Tax Filing Requirements, Tax Planning
With the Canadian tax season now behind us, this is a good time to go over the newly released CRA trust reporting rules that will come into effect for the 2023 tax year. On December 15, 2022, Bill C-32, which enacted the enhanced trust reporting rules, received...
by Nancy Zheng, B. Comm, CPA, CMA | Feb 28, 2019 | Tax Filing Requirements, Tax Planning
On January 28, 2019, the Internal Revenue Service (IRS) announced that the tax season will open, and the IRS will begin accepting paper and electronic tax returns. It’s that time where taxpayers should start looking into what the implications of the 2018 tax reforms...
