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 and Lissa Anderson J.D. | Aug 11, 2022 | Tax Filing Requirements, Tax Planning
FBAR and FATCA: What Do I Need to Know? FBAR and FATCA: What do I need to know? FBAR and FATCA just might be the two most detested, feared and misunderstood acronyms in the expat tax lexicon. Shrouded in mystery and backed by severe penalties, the FBAR and FATCA are...
by Sherry Zheng CPA (Delaware), MTax | Oct 9, 2020 | News, Tax Filing Requirements, Tax Planning
Non-residents of Canada can continue to hold RRSPs after leaving Canada. Income and gains in an RRSP are considered tax-free in Canada and in many foreign countries with which Canada has tax treaties and where non-residents may live. As such, non-resident taxpayers...
by Irina Matco, B. Comm., F. Pl. | May 11, 2020 | News, Tax Filing Requirements, Tax Planning
As you may be aware, US citizens living abroad, including those living in Canada, have an obligation to report and pay taxes on their worldwide income. They do so by filing annual tax returns as well as by complying with various foreign account reporting requirements....
by Sherry Zheng CPA (Delaware), MTax | May 6, 2020 | News, Tax Filing Requirements, Tax Planning
Canada has announced a series of measures to help businesses in response to the hardship caused by COVID-19, including an extension of GST/HST payments up to June 30 for a particular period. GST/HST filing and payment deadlines vary depending on your GST/HST filing...
by Elena Trigiani | Apr 13, 2020 | Article, News, Tax Filing Requirements, Tax Planning
Matt Altro was recently interviewed by Helen Burnett-Nichols from the Globe and Mail to explain the various considerations that US citizens, green-card holders and income-tax residents need to keep in mind come tax time. The article was published on February 27, 2020...
