Please wait, loading...
Along with a new government formation comes new laws and proposed changes whether it is related to immigration, domestic & foreign policies, or taxes. With the U.S. elections coming to an end, and Mr. Donald J. Trump being declared the new U.S. President many tax changes are on the horizon. The elected government has indicated...
The U.S. Internal Revenue Service (IRS) recently announced that it will be delaying Earned Income Tax Credit (EITC) and Additional Child Tax Credit (ACTC) refunds until February 15th, 2017 in order to process filed tax returns that claim EITC and ACTC. Delay in EITC & ACTC Refunds until February 15th, 2017 This delay is being driven by...
On the 26th of May 2016, the Canada Revenue Agency (CRA) confirmed that it will treat U.S. limited liability limited partnerships (LLLPs) and U.S. limited liability partnerships (LLPs) as corporations for Canadian tax purposes as these structures resemble Canadian corporations. This decision of the CRA is likely going to cost Canadians owning U.S. real estate...
If you are considering working in a new country there are many things you need to learn to avoid unexpected surprises. This can include the work culture, the immigration requirements and the tax system. The Canadian government has several programs which facilitates entry for those individuals who have the skills that Canada is looking for...
Often times, it proves troublesome for a foreign corporation to decide whether to file a US income tax return in order to report U.S. income. They can claim the possible tax credits and deductions; or disclose it as tax-exempt income under an existing tax-treaty to avoid double taxation. The US Internal Revenue Service (IRS) requires...
A divorce or separation is a life-changing event, one has to deal with many life changes such as readjusting their finances, taxes and other-related aspects that can often slip the mind. A divorce can bring certain changes to a taxpayer’s tax situation and if not addressed in time could lead to unwanted tax problems. The...
Recently there has been a surge in the number of clients inquiring about the taxation of inherited qualified accounts, such as: Registered Retirement Savings Plan (RRSP), and Registered Retirement Income Fund (RRIF). Individuals are confused on whether to liquidate the accounts, continue investing or transfer ownership. The situation gets even more complicated in the case...
The IRS Form 14653, Certification by U.S. Person Residing Outside of the United States for Streamlined Foreign Offshore Procedures; and Form 14654, Certification by U.S. Person Residing in the United States for Streamlined Domestic Offshore Procedures are both part of the two Streamlined Filing Programs. These include ‘Streamlined Domestic Offshore Filing Compliance Procedure’ (Domestic Program)...
U.S. citizens and green-card holders (U.S. Person) are subject to taxes on their worldwide income. Along with this, they also need to comply with certain additional filing requirements to report their foreign accounts, foreign assets and foreign incomes. This reporting is required regardless of whether the U.S. person is living in the United States or...
In 2009, the US government began a series of streamlined offshore voluntary disclosure programs (OVDP). These programs were aimed at taxpayers with offshore assets in order to make all, or most, U.S. taxpayers living outside the United States tax-compliant. It was also put in place to prevent tax evasion by taxpayers using offshore accounts. Although...
© 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