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There has been lots of chatter in the Canadian financial press about the new Tax-Free First Home Savings Accounts (FHSA) that are currently being rolled out throughout Canadian financial institutions.
Before we dive into why and how these new type...
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I got your name from XXXXX and you seem to be the perfect person to help me. Please let me know how I can book some time in with you soon as I would like to take care of...
The recently released FY2024 Budget proposal by President Biden calls for $3 trillion in deficit reduction through tax increases on corporations and wealthy individuals. The proposed tax increases include a quadrupling of the Inflation Reduction Act (IRA) stock buyback...
How is it possible that someone would pay Canadian taxes on stock losses? Well, it absolutely is…
Under Canadian tax law, when individuals move to Canada (section 128.1(1)) their worldwide assets (excluding some specific type of Canadian assets) are “deemed...
The House of Representatives' Select Committee on the Events of January 6th released its final report today on the investigation into the 2021 insurrection at the US Capitol.
The report, which spans over 845 pages, details the events of the...
Update: On Friday the House and ways committee released Trump's 2015 to 2020 Federal 1040 income tax returns (jackets only). You can read through the detailed Trump Tax personal tax returns here and his detailed business tax returns here.
On...
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My wife and I live in Canada, however we spend quite a bit of time in the US. We were told by friends that if I spend a specific amount of months each year in the US I might...
Executive summary:
The Auditor General of Canada has found that $27 billion in suspicious COVID-19 payments have been made
The government has said that it will work to recover any overpayments
The opposition has called for an investigation into...
Canada Revenue Agency (CRA) has launched formal consultations to streamline the reporting of payroll information for the purpose of supporting businesses and employees.
Executive summary:
The government of Canada has launched formal consultations to streamline the reporting of payroll information
...
Executive Summary:
Canadian families can expect to pay an additional $1,065 for groceries in 2023, according to a new report.
The report, which was released by Dalhousie University and the University of Guelph, found that prices for meat, vegetables,...