There are many income tax regulations which individual taxpayers in Canada, who own and rent residential property (homes, condominiums) which are leased or rented to tenants for the purpose of earning income for the taxpayer (property owner) should be aware of. This article does not comment on whether or not… Read More
U.S. Citizens living in Canada – IRS “Streamlined” Program – U.S. Income Tax filing Many U.S. citizens permanently living in Canada were not aware of their requirements to file annual income tax returns and FBAR forms. For instance, a U.S. citizen might have moved to Canada as a… Read More
Introduction: Edelkoort Smethurst Schein CPA’s LLP is a Chartered Professional Accountant firm with many years of experience in accounting, financial reporting and taxation, with a practice that is rapidly expanding. We are registered in public practice with the Chartered Professional Accountants of Ontario to provide personal and corporate income tax services, accounting, audit and assurance services. We are… Read More
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. Read More