tax compliance

Top Things to Know for Non-Residents Selling Canadian Real Estate

Important tax implications and transaction details of Canadian real estate sales by Non-Resident taxpayers

Important Points to Know About Cryptocurrency Transactions

What is virtual currency or cryptocurrency? Virtual currency is a digital asset that can be used to buy and sell goods or services....

CRA Relief for COVID-19 Related Travel Restrictions and Income Tax Residency Determination

The CRA updated their guidance on international income tax issues raised by COVID-19. This updated guidance applies to the period from...

Expected Changes on Biden's Tax Policies

President-elect Joe Biden is calling for a series of changes to the current US tax law. The tax plan released before the election states...

Impact of US Tax Reforms and How the Tax Cuts and Job Act of 2017 Affects Cross-Border Tax

Recently President Trump signed into law a new tax reform known as ‘The Tax Cuts and Job Act of 2017’. It is one of biggest overhauls of...

For Canadians Considering Cross-Border Real Estate Investing - Don't Make It A Future Liability

Many Canadians, especially those planning for retirement, consider ownership of an investment or vacation property in the US. While...

Possible Changes to Streamlined and Filing Compliance Under the Trump Administration

Changes to the streamlined and filing compliance program under the Trump Administration. Taxpayers may not be able to file without penalties

Do You Hold a Foreign Financial Account? Important FBAR Compliance Knowledge for the 2016 Tax Year

US Tax season begins January 23, 2017. As part of the plan to minimize taxpayers’ difficulties with filing dates for some of the returns...