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As the new school year begins, it is important to be aware of student tax savings available to students or parents. The U.S. tax system provides credits or deductions for education expenses paid for post-secondary education. The following is a brief overview of back to school student tax considerations. Young taxpayers in the U.S. should be aware...
In the U.S., married couples have the option to file “Married Filing Joint” as opposed to filing two separate tax returns. Because tax rates are increased at higher income levels, if one spouse is making little to no income and the other spouse has high earnings, filing jointly can significantly reduce ones tax burden. In...
Canadian university students qualify for many unique tax credits when they file their annual income tax return. Majority of students avoid filing a tax return. This is because they believe that they do not need to file as they have little or no income. However, students can and should file their tax returns just like any other...
On July 25th 2016, the British Columbia government introduced an additional 15% property transfer tax on the fair market value (FVM) of residential property transfers to foreign entities (i.e. foreign nationals (not Canadian citizens or permanent residents), foreign corporations (not incorporated in Canada or if incorporated but the majority control is a foreign entity unless listed on...
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...
The ease of movement between Canada and the United States leads to many Canadians owning properties in the U.S. and many U.S. citizens owning properties in Canada. Due to the popularity of Canadians owning rental properties in the U.S. to spend their winters, many tax articles tend to cover the taxation of U.S. property owned...
As digitalization continues to rise, so do online transactions. Bitcoin was introduced to help ease these transactions. Not only is Bitcoin considered a digital currency but also a great form of investment; because of this many Canadians have been investing in Bitcoin in the recent years. However, Canadian taxpayers should be aware that the Canada Revenue Agency...
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...
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...
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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