Article XII – Royalties
12.0 Treaty Article - Royalties arising in a Contracting State and paid to a resident of the other Contracting State may be taxed in that other State. - Royalties any also be taxed in the Contracting State in which they arise, and
Tax Liabilities for Americans working in Canada
American citizens and green card holders often work in Canada as an employee. The income earned during this period can be paid by an American employer or a Canadian one, depending upon the type and nature of employment. Common sense
Cross Border Travelers
There are three types of people who travel to U.S from Canada. We may call first category of people as vacationers. These are short term visitors to the U.S who like to take a break from Canadian winters. These people are
Success Story of The Accounting and Tax
In this blog we will discuss about one of the success stories of The Accounting and Tax.. We were approached by a client from the U.S who has been working on TN visa for past few years. He has been filing
Factors Leading to Bad Loans
The economic condition of a country is greatly affected by the amount of bad loans. For the layman, bad loans refer to those amounts of money that were loaned out by the bank to individuals or ventures but were not
11.3 Explanation & Interpretation of Article XI under U.S. Law
11.3 Explanation & Interpretation of Article XI under U.S. Law 11.3.1 U.S Domestic Taxation of Interest Paid to Canadian Residents 11.3.1[a] Definition of Interest Interest has been broadly defined by the courts as representing the cost of using borrowed money, the amount which
The Timeline for US Expats to File Income Tax
The Timeline for US Expats to File Income Tax Just as any other citizen of USA, expats living and working in a foreign country are subjected to income tax laws. While there are some rules that differ from the tax laws
U.S.A tax filing if you move to Canada
If you are U.S green cardholder or citizen and wish to move to Canada, you need to do some planning before you make the move to Canada. Tax planning is absolutely different than tax preparation. Tax preparation is solely based on
Awareness Key to Canadian Non-resident Tax Payment
Awareness Key to Canadian Non-resident Tax Payment The golden rule of paying taxes all over the world applies to Canada as well: it is your prerogative to know the rules and follow them. When you are caught unaware or in the
Payroll Success Story
Payroll Success Story We were approached by a US based company (xyz) who is selling their industrial products in Canada. They have one employee in Toronto who does their web marketing. In year 2017 this employee made Can $105,000 An employer in