Please wait, loading...
The Construction or Installation Projects Exception To The Permanent Establishment Article of the Canada-U.S. Tax Treaty Generally maintaining a fixed place of business in Canada is one thing that creates an income taxable connection to Canada. However, there is an exception contained in Article V of the Canada –U.S. Tax Treaty. In Paragraph 3, the...
Many U.S. taxpayers are not fully aware of the foreign account and asset reporting required by the IRS. Two most commonly discussed are the Foreign Bank Account Reporting (FBAR) and Foreign Account Tax Compliance Act (FATCA). We would like to take some time to go over several of the specifics regarding these requirements. The Foreign...
We have received a many inquiries recently regarding tax planning for next year. There was uncertainty as to what the tax outcomes would be during the presidential election. Since the re-election of President Barack Obama, one of the most important new areas of concern for year-end tax planning in 2012 is the 3.8 percent “unearned income...
This new streamlined filing program is designed specifically for low compliance risk taxpayers. All submission will be reviewed by the IRS. Should your returns present a low compliance risk, the IRS will expedite the review and will not assess penalties. Who can file under the ‘Streamlined Filing’ program? You are eligible if you meet the...
Working with a tax accountant is a smart way to ensure that your business performance and personal financial planning are adequately monitored and controlled. In times of increasing economic stress, it becomes more important to ensure that plans are followed and corrective actions, if needed, are implemented as quickly as possible. The following lists outline...
Canadian companies looking to expand their business are increasingly looking south of the Border for new markets. The population of the US recently passed 314 million while the population of Canada remains around 34 million. The Gross Domestic Product of the two countries is similarly scaled. The US GDP is around $15 trillion while the...
There are some new rules that business owners of certain Canadian incorporation should keep in mind when structuring their personal service business (PSB). We often get asked what the best structure is for individuals when they are thinking of setting up a self-employed consulting business. The typical discussion starts with, “should I be a sole...
The following information is intended to assist non-resident in Canada to understand the tax implications and filing requirements set by the Canada Revenue Agency (CRA) related to their Canadian rental property. Canadian Income Tax on Non-Resident’s Rental Property A non-resident who owns a residential property in Canada that has been rented to another party for any...
The US real estate market has been at all-time lows for some time now. Many Canadians have been looking at this as a time to begin investing for income and/or planning for retirement. What to Know When Investing in US Real Estate Seminar: August 31st, 2012 Date & Time: August 31st at 9am-12. Location: Northview...
We are very pleased to announce that we have received some further guidance from the IRS concerning back filing and delinquent accounts of U.S. citizens residing outside the United States. We caution our U.S.-Canada cross-border tax clients that this does not mean that you don’t have to worry about filing timely tax or information returns but...
© AG Tax LLP | All Rights Reserved | Website by Aroma Web Design Vancouver
© AG Tax LLP | All Rights Reserved | Website by AromaWebDesign.com
ABOUTAylett Grant Tax, LLP
With offices across Canada, we are positioned to manage and process the full scope of your Canadian, US and US Canada cross-border tax filing needs.ABOUTAG Tax LLP
With offices across Canada, we are positioned to manage and process the full scope of your Canadian, US and US Canada cross-border tax filing needs.OFFICEVancouver
12752 28th Ave, Surrey, BC, V4A 2P4OFFICEEdmonton
104–4220 98 St NW Edmonton AB, T6E 6A1