News and Events

Grace period for U.s. citizens is over: Big Brother is watching 16.03.20

Canadian banks operating in Canada have been facing a big headache because of a U.S. law called FATCA and that ache may just get much worse. 

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Immigrants beware: IRS, CRA operate differently 11.02.20

For immigration purposes, life would be easier if the Internal Revenue Service in the United States and the Canada Revenue Agency in Canada were on the same page. But they are not, and for this reason people must be aware of their status for tax obligations. 

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What Canadian Snowbirds Need to Know About IRS Form 8840 01.12.19

Every winter, hundreds of thousands of Canadians migrate to the southern United States in search of warmer weather.

And while most Canadian snowbirds are lucky to be able to cross the U.S. border physically without much hassle, some may find themselves not so lucky when it comes to crossing the U.S. tax border.

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Canada and U.S. are best friends when it comes to tax collecting 01.08.19

Despite the rhetoric of current protectionist measures, we still live in an interconnected world. Not
only do people, goods and services cross the border, but so do taxes. A good example of this interconnectedness is the Canada-U.S. Income Tax Treaty. Because they are friends who do for each other, Article 26A of the treaty allows the two countries to assist each other in the collection of taxes.

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Power of Attorney and Will Tips for Canadian Snowbirds 01.08.19

Wills and powers of attorneys aren’t just for the wealthy - they are essential legal documents everyone should have, as they dictate how you or your assets are to be cared for or dealt with in the event you pass away or become incapacitated.

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Tax Court of Canada pilot project aims to increase access to justice 24.07.19

The Tax Court of Canada will soon conduct a pilot project, called a Preliminary Ruling Docket (PRD), which will offer a more expeditious, cost-effective way to obtain a preliminary
ruling from the Tax Court. The opinion would not be binding on the parties.

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Not filing U.S. tax forms serious for Americans in Canada 10.05.19

It’s been nine years since the Foreign Account Tax Compliance Act (FATCA) was passed in the United States, and almost five since the U.S. and Canada entered into an intergovernmental agreement to share tax-related information. Americans who live in Canada should know now that they are required to file a U.S. tax return and other information returns annually.

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Looming IRS change could impact doing business in U.S. 24.04.19

On March 27, the Internal Revenue Service announced that only individuals with tax identification numbers may request an Employer Identification Number (EIN) as the “responsible party” on the application. 

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Beware misconceptions about U.S. residency rules 11.03.19

We’re in the throes of winter and countless Canadians spend time in Florida. But Snowbirds have a common misconception that they are limited to a stay of six months in the United States for any calendar year.

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Fighting for the tax payer: Top Ten Tax Boutiques 29.01.19

Mark Twain said the only difference between a tax man and a taxidermist is that the taxidermist leaves the skin. Advocating on behalf of the leftovers are the winners of Canadian Lawyer’s top tax law boutiques list, whose lawyers say they are focused on federal fiscal policy changes, at home and in the United States.

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