Foreign Tax Credit

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Payments to non-residents

Corporations and trusts often make payments of investment income to investors, and those amounts are eventually included in the investors’ income tax returns. Assuming that all parties are in Canada, the burden is on the investor to calculate their liability for income taxes and remit that amount to the Canada Revenue Agency (CRA). But what [...]

U.S. Income Tax: U.S. Citizens living in Canada

Personal income tax laws differ greatly between Canada and the United States of America. One of the primary differences is that Canadian income tax laws are based on residency, while U.S. tax laws are based on citizenship. […]

Canadian Foreign Tax Credits.German Pension Income.German Taxes

Disclaimer – This article is for the benefit of Canadian residents receiving German pensions. Readers are cautioned that information in this article is for general purposes only and does not purport to provide specific advice. Individuals should consult with a tax professional. The author bears no responsibility for the use or dissemination of this information. [...]

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