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It’s never too early to start planning for your next tax filing. AG Tax professionals can assist you with your taxes, and give you qualified advice so you can adequately plan for your next filing. Here are a few helpful tax tips that Canadian taxpayers should keep in mind when analyzing their tax situation: • Take...
Sometimes situations arise that prevent a taxpayer from paying their tax liability in full when it comes due. The IRS has many tax installment payment programs for qualifying individuals who find themselves in these situations. The tax specialists at AG Tax are experienced in working with the IRS to determine which tax installment payment program...
Over the last few years, the tax specialists at AGT LLP have engaged with many U.S. Citizens who are living in Canada that are considering renouncing their citizenship. While the renunciation process was already complex, recent developments in the U.S. Congress hint that the process of renouncing ones U.S. citizenship will be even more difficult...
Here at AGTax LLP we receive numerous calls on a daily basis regarding the Foreign Bank Account reporting form (FBAR), also known as the FinCEN Form 114. Due to recent changes in the acceptable filing methods for the FBAR, we thought it would be a good time to go over those changes in detail, as...
Many Canadians have been investing in the U.S. real estate market or starting work in the U.S. Similar to Canada, you will need to have a tax ID with the Internal Revenue Service (IRS). This ID number is referred to as a U.S. Individual Taxpayer Identification Number (ITIN). We would like to take some time...
Transfer pricing is one of the most important issues in international tax. Transfer pricing happens whenever two related companies – that is, a parent company and a subsidiary, or two subsidiaries controlled by a common parent – trade with each other, as when a US-based subsidiary, for example, buys something from a French-based subsidiary of...
On June 26, 2013, the US Supreme Court ruled Section 3 of the Federal Defense of Marriage Act (DOMA) was unconstitutional as it violates the equal protection clause of the Fifth Amendment of the US Constitution as applied to persons of the same-sex who reside in states (and Countries or Provinces?) that recognize same-sex (or...
Continuing low real estate prices in the United States have provided the opportunity for large numbers of Canadians to purchase U.S. property. Many investment savvy Canadian’s will search out US tax and legal advice before committing to investing in US real estate, but often times the advice they are provided with does not take into...
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...
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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