by Jonah Ravel B.A., F.Pl., CFP® (Canada), CFP® (US) | Jul 21, 2023 | News, Tax Planning
With skyrocketing mortgage interest rates upon us, now may be an opportune time for a refresher on the cross-border differences in mortgage interest tax deductibility in Canada and the U.S. Canadian Rules There’s a reason why Canadians are famously averse to mortgage... 
by Sherry Zheng CPA (Delaware), MTax | Apr 4, 2022 | News, Tax Planning
What You Can Do if the Federal Government Increases the Capital Gains Rate in 2022 Introduction Although the Canadian government has considered raising the capital gains rate in previous years and declined to do so, some are speculating that increasing debt, campaign... 
by Irina Matco, B. Comm., F. Pl. | Oct 18, 2021 | Tax Planning
Tax Implications of working for a US employer while living in Canada COVID-19 has changed many aspects of our lives, including the possibility of working remotely. As a result, we have seen a trend where various professionals such as IT employees working for Google,... 
by Matt C. Altro B. Comm., F. Pl., CFP® (CAN), CFP® (US) | Jun 10, 2021 | Article, News, Tax Planning
Global News – Make the most of your money At MCA Cross Border Advisors, our clients often ask us questions about the various considerations around cross-border gifting. Recently, Matt Altro, our President & CEO, was asked to answer a question submitted to... 
by Matt C. Altro B. Comm., F. Pl., CFP® (CAN), CFP® (US) | Oct 21, 2020 | Article, Media, News, News, Tax Planning
Matt Altro was recently interviewed by Michelle Schriver from Investment Executive to explain the potential tax impact the 2020 US Presidential election may have on US citizens living in Canada. The article focuses on the potential tax changes that Joe Biden is... 
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... 
