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Question I have a bunch of investments in the US that I had before I retired to Canada. It's not much income right now, but once my IRAs and other pensions start paying distributions it will be fairly significant. I...
Question Hello I found information online when I was doing my research. My wife and I are in the process of planning our move from San Diego to Vancouver Island some time later this year. We won't need help with taxes...
UPDATED 03/26/2020 - please see attached the COVID-19 emergency response act. Highlights include: Personal tax measures Corporate tax measures Other tax measures Today Prime Minister Justin Trudeau unveiled a $2,000 a month benefit for those workers affected by the COVID-19...
Wow, the Democrats have proposed significant stimulus in their March 18, 2020 memo to the House of Representatives. Some highlights include: $2,000 for each adult and $1,000 for each child per month Suspension of credit payments Credit facility available...
Question Hi there I got your name from my mother that said that you help her with her Canadian and US tax returns. I’ll be moving back to Canada in 2020 and wonder if you are taking new clients. I think my...
We will have more info as these rules get rolled out, however it looks like the 2019 Federal Budget introduced measures that will allow individuals to stretch their RRIF accounts even further into retirement. By allowing Canadians to invest...
We get a lot of questions regarding inheritances between Canada and the US. Whether it's a Canadian client receiving an inheritance from a US relative or a US resident receiving an inheritance from their Canadian relatives, the tax intricacies...
Here you'll find updates on cross border tax issues for 2019. Please check back often for updates as this page will be revised for new cross border tax news items from month to month. You can also...
Question Hi Phil, Happy Holidays to you! I would like to check in with you before I decide to go through with a lump sum distribution of a...
Update January 17, 2019: We were pleasantly surprised, even as the US government shutdown continues that the year end exchange rates were released yesterday. For 2018 the year end FBAR and 8938 US-Canadian exchange rate is as follows: 1...