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On March 14, 2016 the U.S. and Canadian governments signed a new pre-clearance customs agreement. According to the Department of Homeland Security, the pre-clearance agreement “will benefit travelers and trade by reducing congestion and increasing efficiency at the border”. This will be accomplished by expanding customs pre-clearance locations in Canada to reduce waiting time, and...
At AG Tax LLP, U.S. Canadian cross-border taxpayers frequently inquire about dual status tax filings. The following is a brief overview on dual status tax filing for a Canadian citizen or resident moving or travelling to the U.S. prepared by AG Tax cross-border tax analysts. It is important and highly recommended to discuss all residency...
Being a business owner is not easy, especially if it is at a growing phase; and at this stage it is all the more difficult to concentrate on other aspects, such as: tax payments, miscellaneous expenses or county/local taxes. AG Tax has summarized a few of these issues based on some of our clients’ situations, and...
The U.S. real estate market has been improving due to many Canadians selling their U.S. vacation properties. Because non-resident owners of U.S. property are subject to the Foreign Investment in Real Property Tax Act (FIRPTA) regulation, i.e. there is a 10% withholding requirement on the sale proceeds from the property. In December, 2015, the U.S. government updated...
With the 2016 U.S. Presidential elections coming to a end, there has been a sudden surge on Google Search for information on settling in Canada. Unfortunately, settling in another country is not simple, especially for U.S. citizens who are not only subject to U.S. tax formalities regardless of whether they reside within or outside the United...
Saving on taxes is all about planning and strategizing one’s investments, sales and expenses in order to qualify for deductions and credits. With that being said, it is very helpful for taxpayers to be aware of qualifying investments & expenses so they can be claimed future on tax returns. For example, were you aware that some investments will provide you...
In 2013, the U.S. government provided recognition to same-sex couples as ‘married’ at the federal level. This allowed them to file their federal tax returns as ‘Married filing Jointly’ instead of ‘Single’ qualifying them for the more favorable Joint tax bracket as well as various employer group benefits (For details read: Same-sex couples to be treated as...
The Surface Transportation Act was passed in 1982 to address concerns about the surface transportation infrastructure (highways and bridges) across the United States. For the fiscal year 2016 budget, the government proposed to allocate a significant amount towards this Surface Transportation Act of 2015. Unfortunately, the government failed to arrive at a conclusion regarding the...
Individuals often have life insurance policies provided by their employer, whose ownership is transferable to the employee in the case which the employee is retiring, or for other qualifying reasons. Whatever the reason may be, it is important for these individuals to be aware of the fact that this could have tax implications. Since many...
If you don’t know your options, paying your outstanding taxes to the IRS can sometimes prove to be a time-consuming effort. However, when it comes to U.S. federal taxes, the U.S. Internal Revenue Service (IRS) offers various ways by which a U.S. taxpayer can clear their tax dues. Here is a brief summary prepared by AG Tax...
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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