Blog Page 3
Question I have owned a residence on Vancouver Island since 2003.  I used it as a seasonal residence for myself and wife (our two sons were born in Canada) until 2007 when I took a Doctoral program in...
Question Hi Phil, Thanks for a well-written and timely article on US-Canada cross border tax issues. I am one of the many working professionals who is about to face the complications as described in your article (http://philhogan.com/cross-border-tax/tax-consequences-of-emigrating-leaving-from-canada/) A bit on my background: I am a Canadian...
Question Hello.. Can you please answer for me:  I am Canadian, and my grown son lives in the USA, and recently became a US Citizen.  If I "gift" him money (such as for a down payment on a...
Question I am an accountant in and have tried to call the IRS to determine what my client will require in forms and cannot get to talk to a person. I found your name on the internet and would gladly...
Question Mr. Hogan I’m 59 years old and a US Citizen and Canadian Permanent Resident. For the last 10 years, I’ve been an employee of a US Management Consultancy, working entirely in the US for US clients while residing in ....
Question Just had a call from my father about filing US tax returns.  I am a US citizen who has lived in Canada for 48 years.  I want to contact the IRS, as I just learned that I...
Question Hello.. Can you please answer for me:  I am Canadian, and my grown son lives in the USA, and recently became a US Citizen.  If I "gift" him money (such as for a down payment on a...
Canada’s Scientific Research and Experimental Development program (SR&ED) is a federally-funded program administered by the Canada Revenue Agency which, through tax-incentives like tax credits and cash refunds, rewards businesses of all sizes and in all business sectors for conducting...
Can Canadians be subjected to tax consequences even after emigrating from Canada to the United States? According to the law firm Chang and Boos, a US-Canadian immigration law center, the answer is a resounding “yes.” In an...
The Canada Revenue Agency’s Voluntary Disclosure Program offers a unique opportunity for a “do over” for individuals who want to correct past mistakes or omissions on their tax returns. The following article summarizes the Voluntary Disclosure Program, including...