by Matt Altro | Dec 14, 2017 | Tax Planning
2018 is almost here, and as 2017 comes to a close, Republicans in the US Congress are racing to pass the widest-sweeping legislation to reform US tax since the 1980s. Below is a comparison of the Senate and House versions of the tax reform bills, with a focus on four...
by Bram C. Lucht, B. Comm., F.Pl. | Aug 9, 2017 | Tax Planning
“The foundation of every state is the education of its youth.” – Diogenes Although taxes are higher and winters are colder, Canada has many qualities that attract more and more US citizens and their families north of the 49th parallel – stricter gun laws and...
by Sherry Zheng CPA (Delaware), MTax | Aug 9, 2017 | Tax Planning
In the future, private companies’ tax planning may be restricted due to the release of Department of Finance’s recent 63-page consultation paper on July 18, 2017, along with proposed legislation and notes on some of the topics addressed. This paper includes...
by Jonah Ravel B.A., F.Pl., CFP® (Canada), CFP® (US) | Jul 31, 2017 | Tax Planning
Canadian business owners might have holding companies as part of their corporate structure for several good reasons. These reasons include tax deferral, both on profits from active business income and as part of a tax deferral strategy after selling an operating...
by Jeremy Voisin B. Comm., F .Pl. | Jun 29, 2017 | Tax Planning
Many Canadians dream about owning a property in the US for retirement or investment purposes or simply to escape winter. Regardless of the reason for owning US property, Canadians need to be aware of the rules and tax issues they are subject to when renting or selling...
by Sherry Zheng CPA (Delaware), MTax | May 30, 2017 | Tax Planning
Canada Revenue Agency’s prescribed interest rate for the third quarter is now available; the rate is still historically low at 1%. This is good news – a prescribed interest rate loan has long been an extremely efficient income-splitting vehicle. We will use an example...
