by Brad Hemphill | Oct 20, 2023 | News, Tax Planning
As a US resident contemplating a potential move to Canada, there are many moving pieces that may factor into your decision-making process. One of the key considerations in any move, especially one that involves a new country of residence, is where you’re going to...
by Jessica Lachance | Jul 25, 2023 | Retirement Planning, Tax Planning
US citizens living in Canada or those who worked in the US in the past and later moved to Canada often have Roth IRAs. They may wonder what the impact is of contributing to their Roth IRA as a Canadian resident. After all, it is quite possible for a Canadian resident...
by Brandon Davies | Jul 21, 2023 | Health Coverage & Insurance, Tax Planning
There is a lot of responsibility that comes with caring for a baby – emotionally, physically, and of course, financially. With inflation at record highs, affording the necessities in addition to taking time off work to care for your newborn can be a stressful...
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 Brandon Davies | Jul 21, 2023 | Tax Planning
Question from a Client: I currently live in Toronto and received a job offer in Houston, Texas. My wife and I are looking to relocate in the next 3-4 months. I’m worried about how much tax I’ll have to pay when I move. I asked my existing financial advisor, and they...
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...