Could we be doing taxes differently?

Could we be doing taxes differently?

As a CPA with the license to practice both in Canada and the US, I’m in the relatively unique position of being able to look at tax returns filed in both countries. I’ve noticed there are two rules in the US tax system which would benefit a lot of people if they were...
US citizens and their foreign reporting

US citizens and their foreign reporting

If you are a US citizen, we have some important information for you: The Canada Revenue Agency is sending the IRS the banking information of many Canadians; up to 600,000 banking records every year. As a US citizen, you are obligated to file a tax return with the IRS...
Emigrating from Canada

Emigrating from Canada

Every year, many people decide to pack up, and move their roots to other countries.  This process is called emigrating, and is done for many reasons.  We will look at what you need to do to ensure the emigration is done in a tax effective manner. What Is Emigrating?...
Working Abroad and your Taxes

Working Abroad and your Taxes

These days more and more people are working internationally.  From travelling to the US for a contract, to working overseas for a year or more, the options to travel and work abroad are vast, and with the online nature of the world these days, it’s almost as...