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If a U.S. person does business in Canada, there are many different tax implications that should be addressed to ensure proper compliance with Canadian reporting requirements enforced by the Canada Revenue Agency (CRA). Withholdings are generally required at source on any income earned by a non-resident in Canada. The CRA has its own prescribed withholding...
Under Canada’s income tax system, an individual’s liability for income tax is based on his/her status as a resident or a non-resident of Canada. A resident in Canada during the tax year pays taxes on the worldwide income while a non-resident is liable to income tax only on their Canadian sources of income. Since residency...
For all those who have received a tax bill from the Canada Revenue Agency (CRA) and do not have immediate cash to pay it off, here are a few payment options that you may consider based on your tax situation. You may consult your AG Tax advisor for more details, and to help you arrive...
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...
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 Income Tax Act gives the CRA broad powers to conduct a detailed review or audit of your income tax return, requesting additional information, either in support of a particular tax return that has been filed, or a request to file a tax return. The telephone call can signal the beginning of a stressful time...
Even with the best practices in “Internal Controls” your business may still be at risk due to opportunities for collusion and wrongdoings that can lead to significant business exposures and losses. Most of us have heard the horror stories about embezzlement, misappropriation and outright theft that have brought more than one business to the brink of...
Are Your SRED Claims being audited by the CRA? Are you concerned that your claim may be disallowed or your refund amount reduced? AG Tax Chartered Accountants have helped countless clients to resolve their SRED tax refund issues with the CRA. There has been increased CRA scrutiny of SRED claims in the past year. Part of the reason lies...
Well you made it… Your taxes have been filed on time. It looks good. BUT that was a while ago and you have just received a call or notice from the CRA that you are being audited. You may be worried and uncertain about what to expect. First, it is part of the mandate of the...
The Canada Revenue Agency (CRA) provides various tax benefits in the form of tax credits and deductions to promote research and development, amongst these various benefits is the ‘SR&ED Program’. However, many Canadian taxpayers are not well aware of this program. Therefore, in this article we have summarized CRA’s ‘SR&ED program’ for taxpayers who feel...
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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.OFFICEVancouver
+1 (888) 502-1810New South Surrey office coming January 2025ABOUTAG 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