Your best project manager is heading to Detroit for three months to get a new client up and running. Or your sales lead will spend every second week in Chicago this year. It feels like a normal business decision, and it is. But the moment a Canadian company sends...
Plenty of people live their financial lives on both sides of the Canada-U.S. border. An American nurse who moved to Toronto ten years ago. A Mississauga couple who rent out a condo in Phoenix. A software company in Waterloo with its first customers in Ohio. None of...
More Canadians are moving to the U.S. than in years, for a job, a business, a partner, or just the weather. The move is the exciting part. The first tax year is not. It's the year you can end up a tax resident of both countries at once, filing two sets of returns for...
Most people moving to the United States are focused on the visa, the house and the school district. The tax bill that arrives because they left Canada tends to be a surprise, and for anyone with a portfolio or a corporation it is rarely small. Canada does not charge...
If you hold a U.S. passport and you live in Canada, you already know the paperwork does not add up the way it does for your neighbours. You pay your Canadian taxes, you file on time, and then a second government still expects a return from you every spring. That is...
If you have family on both sides of the border, an inheritance rarely shows up as a clean, simple transfer of money. It shows up with questions attached. For families exploring cross-border inheritance tax planning in Toronto, the questions come quickly: Does Canada...
The transfer of money, business operations, or personal matters between Canada and the USA inevitably results in a significant increase in paperwork. Now, two tax authorities are interested in your income, and each maintains its own set of forms, regulations, and...
Making money on both sides of the border sounds great, right up until tax season, when you start wondering whether two governments are about to bite into the same paycheque. Fair thing to worry about. Whether you're a Canadian with U.S. clients, a U.S. citizen living...
A decade ago, "foreign income" was a phrase that belonged to multinationals with offices in five countries. Now it belongs to people like Priya, a web developer in Mississauga who bills a software company in Austin every two weeks, and to Daniel, who runs a Shopify...
After moving to Canada, many people realize they have remaining U.S. tax liabilities. You might have held a Canadian mortgage, paid your Canadian taxes on time, worked in Canada for 10 years, and been paying your tax debt to CRA. Then one day you receive a call from...