by Andrew Vanderhorst | Sep 6, 2024 | Featured, Featured, Immigration, Tax Filing Requirements, Tax Planning, Tax Planning
When I married my Canadian spouse, I never imagined how much my life—and my investment strategy—would change. As an American citizen with a well-established U.S.-centric portfolio, the move to Canada presented both challenges and opportunities. I quickly realized that...
by Jessica Lachance | Sep 6, 2024 | Featured, Featured, Immigration, Tax Filing Requirements, Tax Planning, Tax Planning
For Canadians moving to the US, the cost of US health care can be daunting. US residents who don’t have access to an employer group plan must typically find an individual policy on the health care marketplace. These plans can be expensive, depending only on three...
by Madhuri Bhat | Jun 28, 2024 | Featured, Featured, Tax Filing Requirements, Tax Planning, Tax Planning
The Tax Cuts and Jobs Act (TCJA), passed in 2017, reshaped the U.S. tax system significantly, affecting numerous individual U.S. taxpayers. However, it’s essential to recognize that many of these changes weren’t permanent. Several TCJA provisions are...
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 Madhuri Bhat | Dec 22, 2023 | Tax Filing Requirements, Tax Planning
What is the Net Investment Income Tax (NIIT) and when was it introduced? The Net Investment Income Tax (NIIT) is a surtax that the IRS applies in addition to regular income taxes. It applies to U.S. taxpayers with higher incomes who have certain types of passive...
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...
