Taxpayers with foreign assets, be they condos or stocks, have to file a T1135 every year. It used to be a straightforward process, but last year the Department of Finance turned it into a big headache.
It is time for tax reform if the country's economy is to strengthen, according to CPA Canada.
Warn clients that owning property located beyond Canadian borders doesn't mean it's outside CRA's grasp.
Switzerland, Singapore and China are the top destinations for expats, including those from Canada, according to HSBC's Expat Explorer global survey.
Almost three quarters of Americans who live outside the U.S. are tempted to give up their U.S. passports.
Prime Minister Stephen Harper is aiming to make good on his promise to offer tax relief to Canadians.
Changes are good news for clients who haven’t been filing
Is taxpayer innocent or complicit?
When working with business owners, advisors should be aware of the different tax-planning concerns stemming from employer-employee and payer-independent contractor relationships. Each has pros and cons.
Newcomers face a myriad of challenges, including finding employment and dealing with financial constraints. Here's how to help.