As 2024 draws to a close, norovirus cases are making headlines across the United States. Often referred to as the “winter vomiting bug,” this highly contagious virus is causing spikes in infections in several states, including Minnesota and beyond. Understanding the symptoms, transmission, and prevention measures is essential as public health officials urge caution during…
Jimmy Carter, the 39th President of the United States, passed away in 2024 at the age of 100, leaving behind an extraordinary legacy that spanned politics, humanitarian work, and global peace advocacy. From his presidency to his later years dedicated to improving lives worldwide, Carter’s contributions have been etched into history. This article reflects on…
In a tragic incident that has sent shockwaves through the international community, a plane crash in Kazakhstan has claimed the lives of 38 individuals. Azerbaijan’s President Ilham Aliyev has made a startling claim that the aircraft was brought down by Russian ground fire. The accusation has sparked tensions between the two nations, with Russian President…
The cricketing world is abuzz with South Africa’s monumental achievement as they secure a spot in the ICC World Test Championship (WTC) Final for the first time. The Temba Bavuma-led team clinched their place in a dramatic victory over Pakistan, marking a historic moment in the country’s cricketing journey. As South Africa celebrates, the focus…
In a tragic incident on December 29, 2024, Jeju Air Flight 2216, a Boeing 737-800, crashed at Muan International Airport in South Korea, leading to a substantial number of fatalities. The aircraft, en route from Bangkok’s Suvarnabhumi Airport to Muan, was carrying 175 passengers and six crew members. Upon landing, the plane skidded off the…
In a remarkable demonstration of technological prowess and innovation, SpaceX has once again captured global attention with its latest rocket launches. As a leader in the aerospace industry, SpaceX continues to push the boundaries of space exploration, cementing its reputation for reliability and groundbreaking achievements. In this article, we dive into the latest updates, the…
Published on December 29, 2024 Introduction Tornadoes are among nature’s most violent phenomena, posing significant threats to life and property. In Montgomery, Alabama, understanding tornado warnings is crucial for residents to take timely and appropriate action during severe weather events. Understanding Tornado Warnings What Is a Tornado Warning? A tornado warning is an alert issued…
The U.S. Treasury Secretary, Janet Yellen, has issued a stark warning to Congress about the urgent need to address the country’s debt ceiling. In a letter dated December 27, 2024, Yellen emphasized that the U.S. is on the brink of exhausting its borrowing capacity by mid-January 2025. This development could trigger a catastrophic default, with…
The Mega Millions lottery has captured the imagination of millions across the United States, offering life-changing jackpots that spark dreams of financial freedom. The latest drawing on December 27, 2024, once again had hopeful participants glued to their screens. With its ever-growing prize pool and nationwide participation, the Mega Millions continues to be one of…
Olivia Hussey, the celebrated actress known for her iconic role as Juliet in Franco Zeffirelli’s Romeo and Juliet (1968), has passed away at the age of 73. A beloved figure in cinema, Hussey left an indelible mark on the industry with her performances that transcended time and culture. Her death marks the end of an…
Reliance Jio has made waves in the telecom industry with its latest offering: the Unlimited 5G Data Gifting Voucher. This move aims to redefine how users access and share ultra-fast 5G connectivity, enhancing both individual and family experiences. In this article, we will explore the details of this innovative plan, its benefits, pricing, and how…
New Delhi, December 27, 2024: The India Meteorological Department (IMD) has sounded an alert for extreme rainfall, dense fog, and cold wave conditions in the northern regions, including the national capital. The unrelenting downpour has thrown daily life into disarray, causing severe disruptions in transportation, electricity supply, and daily routines. Heavy Rains Lash Delhi Delhi…
The phrase “man overboard” strikes immediate concern and urgency, especially when it occurs aboard a luxury cruise liner. On December 26, 2023, a Norwegian Cruise Line vessel reported a tragic incident: a passenger went overboard in the Bahamas, leading to a frantic search operation that sadly ended without recovery. This article explores the details of…
The engagement of Sean Hannity and Ainsley Earhardt, two prominent figures at Fox News, has captured the attention of fans and media alike. Known for their influential roles on the network, Hannity and Earhardt have been rumored to be a couple for years, but their recent engagement has finally confirmed their relationship. This article explores…
Strengthening India’s Artillery Capabilities The Ministry of Defence (MoD) has signed a major contract with Larsen & Toubro (L&T) for the procurement of 100 K-9 Vajra-T 155 mm, 52-calibre, self-propelled howitzers. This deal, valued at ₹7,628 crore, is aimed at bolstering the firepower of the Indian Army and enhancing operational preparedness. Key Features of the…
In today’s hyperconnected world, consistent and reliable network services are critical for individuals and businesses alike. However, network outages remain a recurring issue, often sparking widespread disruption. One such event recently captured public attention: the Airtel outage. Airtel, one of India’s leading telecommunications providers, experienced a significant service disruption that left millions of users without…
The untimely death of Hudson Meek, a talented young actor best known for his role in Baby Driver, has left fans, peers, and the entertainment industry reeling. At just 16 years old, Hudson was on the cusp of a promising career when a devastating accident claimed his life. This article explores the details of the…
Welcome to the CA Final Result Day Blog for the ICAI November 2024 Exam. Today marks a significant milestone for thousands of aspiring Chartered Accountants eagerly awaiting their results. This blog provides live updates, step-by-step guides to check your results, insights into merit lists, pass percentages, and everything else you need to know. Stay tuned…
The International Cricket Council (ICC) has officially announced the schedule for the ICC Men’s Champions Trophy 2025, marking the tournament’s return after an eight-year hiatus. The event is set to take place from February 19 to March 9, 2025, across venues in Pakistan and the United Arab Emirates (UAE). Tournament Overview The Champions Trophy will…
In a bid to address Canada’s soaring housing costs, Conservative Leader Pierre Poilievre has proposed a significant policy shift: eliminating the federal Goods and Services Tax (GST) on new homes priced below $1 million. This proposal, unveiled against the backdrop of Canada’s intensifying housing crisis, promises to provide financial relief to aspiring homeowners and invigorate…
Americans in Canada – How to vote abroad Key Points U.S. citizens living in Canada can vote in U.S. elections by absentee ballot. Registering to vote from abroad requires filling out the Federal Post Card Application (FPCA) annually. The FPCA allows Americans abroad to receive their ballot electronically or by mail. Submitting the FPCA early…
Keeping your US address on your investment account after you leave?… My own horror story Key Points Maintaining a U.S. address on investment accounts after moving to Canada can lead to significant legal and tax issues. U.S. investment firms may freeze accounts or close them if they discover the account holder is no longer a…
Health Savings Accounts (HSA) for US Expats in Canada – What you need to know Key Points Health Savings Accounts (HSAs) offer U.S. expats in Canada tax-free growth and withdrawals for qualified medical expenses. Contributions to an HSA are not tax-deductible in Canada, potentially leading to double taxation on income used for contributions. Withdrawals from…
What should I do with my U.S. home when I move to Canada Key Points Keeping a U.S. address on investment accounts after moving to Canada can lead to account freezes and closures. Using a U.S. address may cause compliance issues with Canadian tax laws and complicate tax reporting. Financial institutions may impose penalties or…
Moving to Canada with Large ROTH IRA Question Hi Phil I stumbled across your site after researching some issues on google. I’ll be moving to Vancouver for work at the end of the year from Texas and I need some help with my US investments. A few years ago I invested in some very speculative…
What is a 401k in Canada? Question I’ll be relocating to Canada closer to the end of the year. I currently have a 401k that I contribute to through my employer. I will still be working for the same employer when I move to Canada (remotely). Should I continue contributing to my 401k? What is…
Thinking of retiring to Canada – Tax and Investment Questions Question Hi Phil I found your contact info through the facebook group for Americans in Canada. Great group by the way, we’ve learned a lot for far. My wife and I (she’s Canadian and I’m American) will be moving to Canada in late 2021 and…
Top 10 Expat Tax Return Mistakes – Are you making any of these? We file over 1,500 expat tax returns per year and we also review a significant amount of expat returns prepared by individuals and other accounting firms. First, I would like the preface the following list with the fact that I understand honest…
IRS Streamline tax filing amnesty program for 2018 Question Hi I’m an American living in Canada that has not filed US tax returns for some years (based on my conversation with my friends I’m not the only one). I’m curious to know about how the IRS streamlined tax program works for amnesty. Do you help…
Capital Gains Tax on Bitcoin and Cryptco Currencies – Trading and Investment Issues 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…
Transcript – Saving tax by moving US based in investments to Canada 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 an individual has…
Moving your IRA to Canada – Podcast Transcript Cross Border Tax and Financial Planning Podcast Transcript Hello and welcome to Episode Number 1 of Cross Border Tax and Financial Planning podcast. Thanks for joining us, I’m your host Newsglobal and today we’re going to talk about how to move your IRA to Canada. Now there’s…