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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...
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...
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...
In the past few weeks, we have seen an increase in interest by professionals in all medical fields (e.g. general practitioners, surgeons, dentists, etc.) looking to relocate their practices to Canada. Here is a brief overview of the tax consequences of relocating to Canada for U.S. doctors. Why are doctors moving to Canada? What we...
There are several considerations to be applied when determining the appropriate entity to use in the conduct of your US trade or business. Among these, a business owner should consider legal restrictions, liability protection, income tax effects, reporting or banking matters as well as the requirements and expectations of investors. Often, one or more of...
The following information is intended to assist our clients to understand the documents and information that are required by Aylett Grant Tax LLP to prepare your U.S. income tax returns, such as: 1040NR and other information filings required by the IRS. The sooner and more complete we receive this information, the more efficiently our cross...
The rules surrounding U.S. state sales taxes as they apply to drop shipped items are very complex. Add to the complexity, the fact that drop shipped goods often originate in one state and end up in another state. These shipments across jurisdictional boundaries can potentially subject the vendor and the shipper to disparate rules in...
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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