Blog Archives
Reading Time: 3 minutes Taxation involves complexity. It’s completely normal to think this way. To file a single tax return, you will have to go through these stages: understanding
Reading Time: 4 minutes Dealing with cross-border taxes can often be confusing. Since you deal with the regulations of two countries, you may need to put in some extra
Reading Time: 6 minutes When it comes to dealing with multiple countries and their financial systems, things can get complicated quickly! Luckily, for individuals there are a few pieces
Reading Time: 2 minutes A TFSA is not considered tax-free by the IRS in the U.S., and income earned in a TFSA is reportable andtaxable on a current year
Reading Time: 2 minutes Canada does not have an estate inheritance death tax. The estate is considered a sale by the CRA which means that it’s the estate that
Reading Time: 6 minutes Moving to The U.S. with Canadian Investments Moving to the U.S. From Canada can be a strenuous task, especially if you have investments in Canada
Reading Time: 3 minutes What’s the Difference Between a 401(k) & a Canadian RRSP? We recently moved to United States from Canada due to work and my U.S. employer
Reading Time: 7 minutes Every year thousands of Canadian move to the U.S. for work, personal, and business purposes. Unlike the U.S., Canada has unique rules for filing a
Reading Time: 3 minutes Is Canadian RRSP equivalent to Traditional IRA? In comparison, Canadian RRSP is equivalent to traditional IRA. The IRA (individual retirement account) and RRSP (Registered retirement
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Reading Time: 4 minutes If you’re not a professional accountant it can be difficult to understand how to calculate your Capital Gains Tax Rate and understand how U.S. and
Reading Time: 2 minutes Per IRS, income from Canadian pension plans like CPP and OAS is considered taxable income equivalent of US social security benefits for tax purposes. The
Reading Time: 2 minutes Americans wondering What Happens If You Dont File Taxes While Living Abroad. You may find it surprising that the IRS would consider them delinquent!. You
Reading Time: 3 minutes Will US Citizens Living Abroad Need to File State Taxes? Many of our expat clients ask us this question. Here’s what you would need to
Reading Time: 3 minutes Are you moving to Spain soon? Find yourself asking, Do I Have to Pay US Taxes If I Live in Spain? We can expertly answer
Reading Time: 3 minutes As an expat, its very hard to keep with both US tax due dates and resident country tax due date. To help you keep track
Reading Time: 3 minutes 2020 tax due dates for expats (US Person, Citizen or Permanent Resident) living outside the US and are filing 2019 tax returns. US tax is
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For assistance in planning and transferring your US assets to Canada please contact our colleague Phil Hogan, CPA, CA, CPA (CO) at 250-661-9417 or via email at phil@philhogan.com
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