Tax Treaty Articles every US Expat should know – Pensions The Canada-US tax treaty can be quite complex and difficult to understand if you don’t have a lot of experience in interpreting the treaty and applying treaty rules through income tax return elections and forms. In very general terms the tax treaty was negotiated between…
How to Apply for the Canada Emergency Response Benefit (CERB) UPDATED 03/26/2020 – please see attached the COVID-19 emergency response act. Highlights include: Personal tax measures Corporate tax measures Other tax measures Today Prime Minister Justin Trudeau unveiled a $2,000 a month benefit for those workers affected by the COVID-19 pandemic. Information on the new…
NVIDIA has revolutionized accessibility to cutting-edge artificial intelligence (AI) knowledge by launching free AI courses in 2025. These courses, designed for beginners and professionals alike, cover foundational and advanced AI topics, providing skills to excel in the AI-powered future. Why You Should Care These free courses: Whether you’re new to AI or looking to upgrade…
Canadian Non-Resident Tax Guide As a non-resident of Canada you are liable for tax and reporting for income earned from Canadian sources. This guide will walk you through the rules and regulations related to each type of Canadian source non-resident income. Non-Resident Withholding Taxes Non-residents of Canada are subject to withholding taxes on certain types…
Citizenship Based Taxation is not going Away, but these 5 Changes Would Change the Game (for the better) Many Americans living abroad have been advocating aggressively for the repeal of Citizenship based taxation (CBT). These advocates argue that the rules that tax US citizens abroad are unfair and overly punitive. Although I do not entirely…
How to transfer US investments to Canada, including ROTH IRA Question Hi Phil We spoke a few years back when my wife and I were planning on moving to Victoria. We put those plans off for a few years but now we’re committing to actually make the move next year. To give you a recap…
As we step into 2025, several critical changes in policies and financial regulations will take effect. These updates span various sectors, including taxation, digital payments, and trading. It’s vital for individuals and businesses to understand these changes for effective compliance and financial planning. Financial Changes in Digital Payments and Banking UPI 123Pay Transaction Limit Increase…
The healthcare sector is the backbone of society, ensuring the well-being of millions. However, when the workforce that sustains this critical infrastructure faces challenges, it sends ripples through the community. Recently, nearly 5,000 frontline healthcare workers at Providence Health in Oregon have announced their intent to strike starting January 10, 2024. This development highlights deep-seated…
When are my cross-border tax returns due? – Ep.24 On episode #23 of Crossing the 49th Podcast we discuss When are my cross-border tax returns due? Extended Summary of the Podcast: In the episode of “Crossing the 49th,” host Newsglobal delves deep into the intricacies of cross-border tax and financial planning, specifically tailored for…
The UK is set to experience a deep freeze, with a Met Office yellow warning issued for snow and ice across much of England, Wales, and parts of Scotland. Starting this Saturday and lasting through Monday, the severe weather could bring significant disruption to daily life, including travel chaos, school closures, and power outages. UK…
Podcast Episode #1 – Moving your IRA to Canada Episode #1 – Moving your IRA to Canada – Cross Border Tax and Financial Planning Podcast In this episode we discuss your options related to transferring your IRA or 401k to Canada. Options discussed include: Withdrawing the IRA as a lump sum Leaving the IRA in…
Choosing an executor is a decision that carries significant importance and responsibility. Your executor will handle your estate, ensuring your assets are distributed according to your wishes, and that any outstanding debts or taxes are settled. Given the legal, financial, and emotional weight of this role, it’s essential to select someone who is both capable…