Indirect taxes affect vendors selling services or goods such as property, as well as buyers. The onus is on both parties to ensure they are either charging or paying the correct tax rate.
Clients must report everything to CRA — even if it seems immaterial
One lawyer’s dismal drama leads to unexpected payments to CRA
Canadian financial institutions: comply with new U.S. tax rules or face the consequences.
There are two certainties in life – death and taxes
So you're not an estate lawyer; that doesn't mean you should steer clear of trusts. These legal structures can be powerful planning tools, allowing clients to reduce taxes, split income, and ensure their final wishes are carried out to the letter.
The Investment Funds Institute of Canada has asked the U.S. Department of Treasury and Internal Revenue Service for changes to the proposed Foreign Account Tax Compliance Act (FATCA).
The IRS is going after Americans in Canada. What you need to know.
Readers will recall my repeated warnings about the severe penalties for failing to file Form T1135, the Foreign Income Verification Statement.
Recently, several advisors and clients have asked us about the so-called snowbird visa being proposed in the U.S. A cross-border financial-planning firm has been strongly encouraging Canadian snowbirds to contact U.S. senators, congresspeople and sponsors of this bill to push the proposed legislation forward.