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June 15 filing deadline approaches for self-employed individuals

Self employed individuals and their spouses/common law partners have until midnight on Tuesday, June 15 to file their income tax returns. Any outstanding balances...

The CRA revokes the registered status of the Canadian Lacrosse Association

The CRA has revoked the Canadian Lacrosse Association as a registered Canadian amateur athletic association (RCAAA). RCAAA's have the authority to issue donation receipts...

Cross Border Tax Q&A – Tax Forms For RRSPs in the...

Question Hi Phil My US accountant told me that my Canadian RRSPs are not taxable in the US, however someone told me that I need to...

The CRA revokes the registered status of the Canadian Lacrosse Association

The CRA has revoked the Canadian Lacrosse Association as a registered Canadian amateur athletic association (RCAAA). RCAAA  had the authority to issue donation receipts...

Cross Border Tax Q&A – Dual Status Return when Entering the...

Question Hi Mr. Hogan I'll be moving to the US to take up a permanent job. I plan on getting my green card and remaining in...

Cross Border Tax Q&A – Can I roll my RRSPs to...

Question Phil I'll be moving to California permanently next January and I wanted to get your opinion on a tax matter. Will I be able to "roll...

Cross Border Tax Q&A – Tax Consequences of Leaving Canada

Question Hello Phil I'll be leaving Canada after a long stay (11 years) to take a job in Seattle. I'm still a US citizen and plan...

Cross Border Tax Q&A – Deduction of RRSP Contributions on 1040...

Question Dear Sir I'm a US citizen (born in the US) living in Ottawa, Ontario Canada. I've prepared my own Canadian taxes and US taxes (1040...

CRA Cracking Down on Non-Compliance

I wanted to share the recent CRA news release regarding how much extra revenue CRA has obtained by auditing and reviewing individuals and businesses'...

Tax Q&A – US Citizen Living in Canada..Do I Need to...

Question Hi I just found out the other say that all US citizens need to file US tax returns. I've been living in Ottawa (from Seattle)...

The History of the IRS

Ever wonder when the IRS was first implemented or when taxpayers were first allowed to electronically file their tax returns? The IRS has posted...

Reduce Your Payroll Withholdings and Keep More Cash From Your Paycheck

If you are one of the many that receives a sizable income tax refund at tax time your employer is possibly withholding more tax...

Tax Tip #2 – Can I Adjust a Previous Year’s Canadian...

If you find that you've made a mistake on your Canadian tax return you are able to submit a T1adj form with CRA to...

Tax Tip #1 – What Happens If I File My Canadian...

Your Canadian tax return is due April 30th unless you or your spouse or common-law partner carry on a business in which case you...

Canada Continues To Aim At Attracting New Investment With Lower Taxes

The Canadian government continues to boast about their plans to further reduce income tax for corporations in an effort to attract additional investment from...