If you are looking for a simple and very effective way to shelter your investment income from income tax, consider a Tax-Free Savings Account (“TFSA”).
If for any two of three consecutive taxation years, your “net tax owing” is more than $3,000 (or $1,800 if you are a Quebec resident) after you file your personal income tax return, you can expect that the Canada Revenue Agency (“CRA”) will request that you pay your current year’s income tax in quarterly instalments.
As you prepare to file your 2022 income tax return, here are some important dates to be aware of.
If you, your spouse (which includes a common-law partner), or someone who lives with you is age 65 or older in 2023, here are some special tax tips that may apply to your situation.
When considering the purchase of a U.S. property as a rental investment or a vacation property, it is important to understand the U.S. tax implications as a foreign owner.
Are you a US citizen living in Canada? Did you file a US tax return? US citizens are required to file personal tax returns regardless of your residency. Here is another reason to file…. Funds may be available to you, The US government provided economic stimulus payments ranging from $600 to $1,800 in 2020 with an additional payment up to…
Do US citizens living in Canada still need to file US tax forms?