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Meeting the substantial presence test and form 8840

Question

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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 have to file US tax returns.… Read more...

The Auditor General of Canada has found that $27 billion in suspicious COVID-19 payments have been made.

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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 the matter

The Auditor General of Canada has released a report indicating that $27 billion in suspicious COVID-19 payments have been made.… Read more...

CRA has launched formal consultations to streamline the reporting of payroll

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Canada Revenue Agency (CRA) has launched formal consultations to streamline the reporting of payroll information for the purpose of supporting businesses and employees.… Read more...

Canadian families expected to pay more for groceries in 2023

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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, and fruits are expected to rise significantly.
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Despite actual property values falling BC property assessments up

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Executive Summary

  • British Columbia property assessments are up from last year
  • Market values have shifted due to the pandemic
  • Assessor is asking people to review their assessments and contact the office with any questions

British Columbia property owners are receiving their assessments for 2021 and the total value of the province’s properties has increased by 6.4%, according to BC Assessment.… Read more...

Canadian debt levels reaches new high

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Key points:

  • Equifax Canada has released its Q3 debt report, showing that the average Canadian’s non-mortgage debt has reached a new high of $22,837.
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Does the global financial system have an $80 trillion debt problem?

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Executive summary:

  • The Bank for International Settlements (BIS) has issued an urgent call for central banks to take coordinated action to prevent a potential global currency crisis.
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Canadian Job Market Sees Growth in November

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The Canadian job market saw growth in November, according to Statistics Canada’s latest report, with the unemployment rate falling to 8.5%.… Read more...

Canada National Dental Benefit – Everything you need to know

UPDATE:

CRA just sent out the following update email for the dental program:

Applications for period 2 of the Canada Dental Benefit are now open!

Read more...

Canadian Immigration Solutions for Americans w/Elizabeth Long – Ep.21

On episode #21 of Crossing the 49th Podcast I am joined by Elizabeth Long from Long Mangalji immigration as she discusses Canadian Immigration Solutions for Americans.Read more...