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Question Hi Phil I found your contact info through the facebook group for Americans in Canada. Great group by the way, we've learned a lot for far. My wife and I (she's Canadian and I'm American) will be moving to Canada in...
The US treasury and the IRS have recently released some guidance on the second stimulus payment. I'll outline a summary of these updates below: Overview The IRS and the Treasury Department expects the first American taxpayers to receive their payments starting...
I would normally not point out someone else's mistakes or omissions. We all make mistakes and should only be judged based on how we take responsibility for these errors and subsequently help to resolve them. Being a public...
With the second stimulus package expected to be passed by Senate on Monday, December 21, and passed into law soon after that by President Trump, the details are becoming clearer on the payment levels Americans can expect: Stimulus payments: The...
Sunday, December 21, and a deal has finally been reached on a second stimulus package. After months of partisan stalemate, the 4 leaders of the Senate and Congress finalized an agreement on a package that will include $600 stimulus...
Question Hello! This is Erin from the recent question about what to do with American investments. A little about me: I make 12k USD per year through remote work for an American company. I make about 30k Canadian self employed income. Is it possible to...
Many Americans living abroad have been advocating aggressively for the repeal of Citizenship based taxation (CBT). These advocates argue that the rules that tax US citizens abroad are unfair and overly punitive. Although I do not entirely disagree with the...
On September 18, 2020, the CRA applied to Federal Court in an attempt to obtain client’s confidential tax information from Coinsquare Ltd., a Toronto-based cryptocurrency trading platform. Included in the application was a request to view trading and holding...
With the progress of the so-called compromise package bogging down in recent days, there is growing concern that a second stimulus package will even get a vote on the Senate floor before the holiday hiatus. A key focus of...
Thursday, December 3, opened with a report that outgoing President Trump acknowledging that he would sign a coronavirus relief package if Congress can broker a deal in the coming weeks after months of partisan-driven deadlock. "I want it to...
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