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Question Hi I'm an American living in Canada and I see that you help people with Canadian and cross border tax and investment issues. I need some help in this area. Early on in the evolution of Bitcoin and other cryptocurrencies I...
Question Hi Mr. Hogan I moved up to Canada from California last May. My current Canadian broker is suggesting that I transfer my IRA to a new RRSP. Based on his calculations I can only transfer 40% tax free. The remainder...
1. US Citizens File Taxes Even When They Are Outside the US US citizens moving to Canada will still be required to file US taxes even though they no longer reside in the US. Tax filings will be required based...
Transcript: Saving Tax on moving your investments to Canada from the US. Here’s a small strategy that some people don’t take advantage of when trying to save on overall tax from a portfolio standpoint. If we imagine a situation where...
Recording #1: Information on investing or incorporating on a Cannabis-related company. As most of you know, the federal government plans on legalizing Cannabis in 2018. We don’t have full regulations as of yet and they’ve left it to the provinces...
He get a significant amount of questions on the site. Unfortunately we are not able to answer everyone's request. Make sure to also post your questions on our cross border tax and financial planning forum. We have many professionals...
Dear Mr. Hogan, I seek your guidance. I am currently on XXXXXXXX and once the international ferry starts up again after 4 November, I could come to your Victoria office.  Or perhaps you do consults by phone, email and FAX. I need:...
Question Hi Phil I’m starting an application and gaming company with 2 close friends of mine in Vancouver. We’ve been told on multiple occasions that going into business with friends is a big mistake. But after looks of discussions we’ve all...
If your corporation is deemed to be a personal services business (PSB) your corporation is no longer eligible for the small business deduction (SBD) and its income is taxed at full corporate tax rates. For 2016 the B.C. corporate...
Our physician clients are some of the higher paid professionals in BC. Some making well over $500,000 per year. At these income levels average tax rates can be over 40%. For those that plan properly significant tax savings can...
Question I'm moving to Victoria BC at the end of the year and will need to setup a consultation to discuss my financial and tax situation. I thought it best to outline my situation before meeting so you could get...
I met with a client a few weeks ago that needed some advice on whether or not to disclose his Swiss offshore investment accounts. I was reminded again by how important it is for Canadians to ensure they not...
Question Hi Phil I'm dealing with a CRA review of my T1 foreign tax credit claim and it's driving me nuts. Hopefully you have a good idea on how to fix this mess. Here's the situation. I lived in the US for...
I am a Canadian living in the U.S. I have two RRSPs, one is a personal plan and the other is a locked-in account from my previous employer's pension plan. Can I transfer (roll over) my RRSPs into an...
Question Hi Phil I recently stumbled across your blog and I think you may be the right guy to answer my questions. I'll be leaving Canada permanently to work in California (I'm also a US citizen) for a small start up...

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