by Tarun Suri CPA, CA, QAFP | May 11, 2020 | News, Retirement Planning, Tax Planning
The COVID-19 crisis is affecting individuals on a global scale, with governments across the world responding in myriad ways. In the US, the federal government has enacted the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”). The act contains...
by Tarun Suri CPA, CA, QAFP | Apr 13, 2020 | Retirement Planning, Tax Planning
Retirement Accounts: Strategies for US Persons Moving to Canada US persons moving to Canada, or those who’ve already moved, have likely already been introduced to a myriad of sophisticated tax planning strategies regarding their retirement accounts. Employing...
by Tarun Suri CPA, CA, QAFP | Nov 12, 2019 | Investment Planning, Retirement Planning, Tax Filing Requirements
The 2019 Canadian federal budget proposed an important change to the way stock options are taxed. With the Liberals now re-elected, and with “closing the tax loophole” being a popular platform stance during the election campaign, it’s more certain than ever that the...
by Tarun Suri CPA, CA, QAFP | Jun 13, 2019 | Investment Planning, Tax Filing Requirements, Tax Planning
It’s not uncommon for high net worth US citizen living in Canada to earn a substantial part of their income through a US business. Conventional wisdom may dictate to leave the corporate surplus within a corporation to benefit from tax deferral. Consequently, these...
by Tarun Suri CPA, CA, QAFP | Mar 28, 2019 | Investment Planning, Tax Filing Requirements, Tax Planning
High net worth US citizens already have significant restrictions and onerous compliance obligations to manage when living in Canada. While several issues can be remedied by following simple guidelines, such as avoiding a Canadian TFSA, other issues can fall under...
