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Question Hello there My husband and I are planning on moving to Vancouver next year between October and December. My husband is a Citizen of the US and I am a Green Card holder. I'll be receiving Social Security payment while...
The CRA will be providing almost 3 million in contribution funding for innovative education and training projects carried out before March 31 2011. The projects chosen will educate charities on complaint fund raising practices and about tax donation arrangements...
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 for 2009 had to be paid on or before April 30/2010. Click here to read more: http://www.cra-arc.gc.ca/
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 for income tax purposes. To read more click http://www.cra-arc.gc.ca/nwsrm/rlss/2010/m06/nr100607-eng.html
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 file a TD9022 to report the RRSPs. Does this form exempt tax on the RRSPs?...
The CRA has revoked the Canadian Lacrosse Association as a registered Canadian amateur athletic association (RCAAA). RCAAA  had the authority to issue donation receipts for income tax purposes but know they have been suspending by CRA. For issuing more than...
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 the US for an extended period of time. I am aware of the need 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 over" my RRSPs to an IRA (before or after I leave) into an IRA tax...
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 on staying at the new job in the long-term. I'm aware that I need to file...
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 income tax returns) for the last 10 years including the filing of foreign tax credits...
I wanted to share the recent CRA news release regarding how much extra revenue CRA has obtained by auditing and reviewing individuals and businesses' income tax affairs. The article also outlines some cases where criminal prosecution was levied. The quick...
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) for the last 10 years. I worked for the first 6 years, but have been unemployed...
Ever wonder when the IRS was first implemented or when taxpayers were first allowed to electronically file their tax returns? The IRS has posted a historic timeline of the history of the IRS. Take a read here: History of the...
If you are one of the many that receives a sizable income tax refund at tax time your employer is possibly withholding more tax then is necessary. You have the legal right to apply to CRA and ask your...
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 make the changes. Once submitted CRA will assess the changes, make the required changes (in...

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