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 Nancy Zheng, B. Comm, CPA, CMA | Jul 22, 2024 | Featured, Featured, Tax Planning, Tax Planning
In my previous blog, (https://mcacrossborder.com/renting-out-your-property-as-a-non-resident-of-canada), I discussed the tax compliance rules around renting out your property in Canada as a non-resident. In this blog, I would like to continue this discussion by...
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 Brandon Davies | Apr 29, 2024 | Tax Planning
If you’re a US citizen who has relocated to Canada and still maintain US real estate, there are a lot of interweaving tax considerations on both sides of the border that you must contend with when you plan to eventually sell the property. In today’s blog, we are going...
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...
