How Canadian non-residents can file taxes in 2022 easily?
With tax filing deadlines converging steadily, Tax consultants in Toronto are flooded with various queries. A majority of these queries are from Canadian non-residents about paying taxes. The calculation of payable tax varies a great deal when it comes to Canadian
IRS has started accepting tax returns for 2022: How expats can file their tax returns easily
Before going into the details of filing 2022 tax returns, let us have a fair idea of what US expat tax is. According to the U.S. tax system, persons living abroad as U.S. citizens or resident aliens are subject to
Child Tax Credit 2022: How Will CTC Affect Expats Tax Returns in 2022?
With the New Year, U.S. citizens in and outside America have become busy filing their federal taxes. This is indeed an intricate task which calls for a thorough knowledge of the policies, especially the new and updated ones. Seeking guidance
Canada’s Plan For Digital Services Tax: Is It Going To Hamper The Business Environment?
International Tax Consultants in Toronto have been busy answering the queries related to digital services tax off late. First announced in the Fall Economic Statement of 2020 and further details furnished in Budget 2021, the Digital Services Tax act has
Tax Documents checklist for filing tax in Canada
The tax system in Canada has approximately 400 different credit deductions to ensure each individual is covered in one thing or another. No matter whether you want to apply for a tax return for the first time or you are
2022 COLA: Benefits that Expats can reap
The cost of living adjustment is also known as COLA, which is calculated on the basis of the third quarter of the consumer price index. According to data, the 2022 COLA of 5.9% is the highest in history that is
How Canadian Expats can Show their Investment Returns in Tax Filing?
Tax returns is a method through which the taxpayer creates his consolidated annual statement (with no window dressing) comprising all the income and personal transactions. This will in turn be used by the tax administrative authorities to access tax liability. Filing
Leaving Canada permanently? What will be the related tax consequences?
The taxation policies are different in countries across the world. Your taxes are influenced by variegated elements. Your income, gains and financial possessions will decide the pathway for robust financial planning. Know tax filing related consequences. Be its assets, corporate bonds,
How can a professional tax filing service help Canadian expats to file returns easily?
The revenue collection model by the government is initiated through tax filing. It is important to file the returns, mandatorily pay taxes and associated deposits. If you possess citizenship of America but reside in Canada you have to file the
Billionaires tax: Is it going to scare expats from doing business in the US?
President Joe Biden has introduced the much deliberated financial move called the “Billionaire Tax”. He primarily aimed to spot the incoming channels of “big money” to chisel his economic and social strategies. However, Biden never proposed the idea of promoting the