Blog

20

June

2019

G8 countries’ cost of customs duties rises to $103bn – even ahead of ‘trade wars’

The cost of customs duties in G8 countries rises 4% last year from $99 billion to $103 billion, even ahead of the global ‘trade wars’…

10

January

2018

2018 Canada US Tax Survival Guide Released

This guide provides an update of tax issues and trends involving the US and Canada. The 2018 Canada/U.S. Tax Survival Guide covers issues that many Canadian and…

14

June

2017

Transfer Pricing – CRA states that the cost of capital property does not become statute barred

(June 14, 2017) Generally transactions becomes “statute barred” in Canada after three years and are not subject to adjustments by the Canada Revenue Agency (CRA).…

09

January

2017

Voluntary Disclosures in Canada and Quebec

(Jan 9, 2017) Our office has processed a large number of voluntary disclosures over the past 24 months with both the Canada CRA and Quebec…

01

June

2016

Relief from Regulation 102 Withholdings

(June 1, 2015) Canada’s Budget 2015 proposes new exceptions to Regulation 102 which would take effect as of January 1, 2016. The changes are designed…

01

January

2016

FBAR – what should a non-compliant American do?

This is a very big question! Recently we have been spending more time with American’s resident in Canada and other countries to deal with the…

01

January

2016

What is an FBAR?

What is an FBAR? An FBAR is the “Report of Foreign Bank and Financial Accounts” that must be filed with the US Department of Treasury.…

01

January

2016

Regulation 102 and 105 – Be aware and beware!

Our firm has recently seen a major increase in Regulation 102 and Regulation 105 related inquiries and mandates. Our experience is that the CRA is…

18

March

2015

IRS Payment Options

(March 18, 2015) The Internal Revenue Service has reminded taxpayers that it’s possible to pay their taxes electronically. Taxpayers who owe taxes can now choose…

01

January

2015

Non-Compliant Americans – a suggestion for the IRS ..

Our office has daily contact with Americans in Canada and their US tax filing challenges, and we could tell you many, many stories about people…