by Cross Border Financial Planning Team | 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...
by Cross Border Financial Planning Team | Dec 11, 2019 | Investment Planning, Retirement Planning, Tax Filing Requirements
It’s become increasingly popular for Canadians to relocate to the US for work purposes; often, Canadian professionals are sponsored by their employers through a work permit. Some choose to pursue a green card and, ultimately, US citizenship, while others choose to...
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 Matt C. Altro B. Comm., F. Pl., CFP® (CAN), CFP® (US) | Oct 28, 2019 | Article, Immigration, News, Tax Filing Requirements, Tax Planning
Globe & Mail – Andrew Scheer is renouncing his U.S. citizenship. Here’s what Americans living in Canada should know With the 2019 Canadian election season now over we are very pleased to announce that Matt Altro, David Altro, Alessandro Tortis were invited...