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U.S. citizens or resident aliens residing outside the U.S., including Canada, should have filed their U.S. income tax return and other tax related information returns by April 15 (April 18 for 2017). If you missed this deadline, the U.S. Internal Revenue Service (IRS) has implemented an automatic extension until June 15 to file your U.S. tax return. It...
It is normal to forget certain things, such as reporting some income especially if it is an insignificant amount. If such an error is genuine with no intention to elude taxes, the Canada Revenue Agency (CRA) may even forgive the taxpayer. However, if it is a recurrent error, any tax authority, including CRA will not...
Renouncing U.S. citizenship has been on the rise. According to research reports, there has been a sudden surge in U.S. citizenship renunciation in the recent years (reaching a record 5,411 in 2016, up from 742 in 2009). There are many individuals that acquired U.S. citizenship through their U.S.born parents even though they have never lived...
Canadian residents & taxpayers should be aware as tax scammers are targeting the police department non-emergency phone number to swindle taxpayers. Recently, the Vancouver Police Department (VPD) announced that tax scammers have targeted their non-emergency phone number 604-717-3321. This number is used only for reporting non-emergency police situations. However, tax scammers are impersonating as the...
One’s tax responsibility, unfortunately, does not end until death. Although, it may not be easy for the family, usually, someone has to be named the legal representative of the deceased. This person has the responsibility of filing the decedent’s final tax return, as well as deal with other tax related issues of the decedent. At...
Update: Note that, this ‘advantage tax’ on investment management fees has been delayed until 2019 since the CRA wants to consider the requests/petitions submitted by various firms in the investment industry. Many Canadian individuals tend to pay the fee for their registered accounts, such as an RRSP, RRIF and TFSA, from their non-registered, non-qualified or open account. This...
Starting an online-based business is a lot easier than starting a physical store. An online business also allows business owner’s to cater to a larger audiences scattered in different regions compared to one location. Individuals starting their online store will often use websites to promote their business and reach out to clients, most are not...
The IRS has issued nearly 100 million refunds so far this year. On an average, American taxpayers are receiving approximately $2,700 per person. A tax refund is a lump sum payment that may be of a significant amount. It is highly recommended to use it wisely on a priority basis, such as paying off high...
Having a baby is an exciting time in a person’s life, however, the decision can be an expensive one. Fortunately, the Canadian government provides some relief when it comes to new parents. If you are already a parent or deciding to have a baby, or have a baby on the way, here are few tax-related...
Every year, the U.S. Internal Revenue Service (IRS) announces the standard mileage rates to be used by taxpayers for deducting automobile expenses for vehicles used for business, charitable, medical or moving purposes. These standard mileage rates are determined by the IRS, based on an annual study conducted, by an independent contractor, on the fixed and...
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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