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Here you'll find updates on cross border tax issues for 2020. Please check back often for updates as this page will be revised for new cross border tax news items from month to month. Update September 20, 2020 Over...
I noted in a recent blog that even though Democrats and Republicans have been vocal about the need for some form of a second stimulus package to pick up where the original CARES program left off, both parties have...
With the recent leak of 2,657 documents known as the FinCEN files, a spotlight is again on the relationship between international banks, Russian oligarchs, and the laundering of dirty money. The leaked documents reveal how some of the world’s...
Although the number of Americans decreased slightly in the past week, the pressure on individuals and families running out of benefits under the CARES Act only increases as the economy continues to grind toward recovery. And the recovery itself...
It is difficult to get an accurate sense of how many American citizens are living abroad at any time; however, rough estimates by the U.S. State Department estimates suggest that the number is in the range of 9 million...
Question Dear Mr Hogan, I am a volunteer providing free advice to marginalized and impoverished communities. I would really appreciate your help, if you are willing, in securing a quick bit of off-the-cuff advice for clients who are elderly Canadian citizens living...
Question Hi My wife and I will be moving from Texas to Calgary early in 2021. We're trying to do as much research on the move as possible. To be honest, the complexities of the tax systems between both Canada and...
According to a YouGov survey on June 23, 31 per cent of Americans are either very interested (15 percent) or somewhat interested (16 percent) in moving to Canada if the candidate they vote for is not elected in November....
Question Hello Phil, I found your commentary very helpful as I have been considering cashing out my RRSP and reinvesting in the US: https://www.hutcheson.ca/tax-on-rrsprrif-payments-after-moving-to-the-u-s/ I am Canadian living in the US and have been here along with my wife since XXXX. At...
As Mark Twain once famously noted: “Age is an issue of mind over matter. If you don’t mind, it doesn’t matter.” Wonderful words to live by and at no time more relevant than when considering the much-anticipated move into...
Question Hi, I normally do my own taxes from a standard job that gives me T4 slips but in 2019 I started investing in cryptocurrencies and I'm not exactly sure how to declare what I've done to the CRA. (As of...
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