Foreign Tax Credit

/Foreign Tax Credit

2018 U.S. Individual tax – impact to Canadian individuals with U.S. Rental Properties

This article provides an overview of how the 2018 U.S. individual income tax changes impact Canadians with U.S. Rental Properties. Disclaimer – This article is about the 2018 U.S. individual tax consequences of Canadian individuals with U.S. Rental Properties. Readers are cautioned that information in this article is for general purposes only and does not [...]

2018 U.S. Individual tax – impact to Canadian individuals with U.S. Rental Properties2018-11-16T16:07:49-05:00

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 [...]

Payments to non-residents2016-12-22T10:28:09-05:00

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. […]

U.S. Income Tax: U.S. Citizens living in Canada2016-12-06T09:29:40-05:00