Child tax credit: Who is eligible?
One of the key benefits that US ex-pats can take advantage of from the convenience of their home is the Child Tax Credit or CTC. Every US citizen and foreign resident is entitled to this fundamental right. The easiest way
Link Tax in Canada: What is it and how does it matter to ex-pats?
The link tax is one of the most controversial proposals recently furnished by the Canadian Government. It is modeled after the Australian tax system to support new channels. On their official website, Canada Government clarifies that this is a noble
Chemical Excise Tax: What do business owner ex-pats need to know about this?
After being passed unanimously by the House, the new Superfund Excise Tax is set to be effective from 1st July 2022. The policies shall remain in effect until 31st December 2031. This is more of a reinstatement of the previous
What is ‘luxury tax’ in Canada and how is it going to affect expats?
The luxury tax was first proposed on 10th August 2021 (2021 budget). However, the necessary steps were taken very recently on 11th March 2022 to create the draft legislation. Stakeholders were invited to share their views on the draft by
How expats can contact IRS in case of any tax filing issues?
The annual taxing date is marching closer and you as a US expat may wish to get in touch with the IRS for a few clarifications. While we furnish the processes to contact the IRS in the course of this
Different tax credits in Canada that non-citizen residents need to know
Every nation defines non-residency uniquely and therefore before we get into the details of tax credits, let us first determine Canadian non residency. Canadian non-residency is a distinct category introduced by the Canadian Revenue Agency (CRA) for tax purposes. As per
What Do Non-Resident Canadians Need to Know Before Filing Taxes in 2022?
Non-Resident Canadians are deemed residents of Canada as of 2021. As per the definition laid down by the CRA (Canada Revenue Agency), non-residential Canadians are persons who reside in Canada for less than 183 days. For the 2022 tax return,
Tax deadline 2022: Everything Expats Need to Know
According to the general rule of the IRS, every U.S. taxpayer must file the annual tax within 18th April 2022. Therefore, it is the busiest hours for the Personal Tax consultancy Service in Toronto. Although there is an extension of
Higher Taxes? Know Biden’s Plate for Expats in the Upcoming Budget
With the tax return date approaching closer, every US citizen and expats are becoming more active than ever with their finances. By law, every US taxpayer should submit their due taxes within 18th April 2022 (which further gets a 2-month
Canada Child Tax Benefits: Are Expats Eligible?
Canada Child Benefit, briefly known as CCB is a policy administered by Canada Revenue Agency (CRA). By definition, this is a monthly allowance paid to the eligible families to raise the minors (children below the age group of 18). The common