What is Home Equity Tax in Canada and why Expats should take interest in it?
Lots of folks accrue their wealth in the value of the home. They depend on the equity in their home for retirement. When they sell the house after a number of years they are usually hoping that they can get
What is Child Tax Credit and How US Expats Can Avail the Benefit?
Millions of US residents work in different nations and spend a considerable period of their life on foreign soil. The most prominent destination is the neighboring country, Canada. As a US expat and professionally working outside, you can claim the
5 tips for expats to save maximum tax
For expats who spend the majority of their time out of the country, travelling or working or both, taxes can become a real issue. No one likes filing their expat taxes and certainly, no one likes spending money that they
Trump objecting the release of tax returns to the Congress: How is it going to affect tax payers?
Public disclosure and release of former US President Donald Trump have been in the news since 2019. As per reports, the US DOJ (Department of Justice) commanded the IRS (Internal Revenue Service) to turn over information related to his tax
What is Canada’s tax rule for digital sales?
The government of Canada declared its new taxation norms for foreign businesses selling goods and services to Canadians through digital platforms for digital sales. In November 2020, the Canadian government announced its decision to mandate every foreign business owner to
Sales tax holidays 2021: What you need to know
Government holidays are always welcome, more so when they are available on paying taxes! Yes, every year, the government in countries like Canada, the U.S.A, etc., come up with a list of sales tax holidays. This list contains certain periods
Tax over US-owned homes in Canada: The entire story
Canada has been a prime hub for real estate and so multiple country citizens, especially from the USA, have been actively investing in properties in Canada. For the same reason, the rate of non-resident property ownership in Canada for 2019
Biden targeting Protected Assets for Taxation: Why is it worrisome for wealthy immigrants?
According to an interview with Joe Biden earlier this year, he exclaimed his displeasure on the fact that the wealthy immigrants of the country today are not paying their fair share of taxes. This is where he suggested some tax
Business or personal debt got you down
The steps to take in order to regain control of your spending and reduce your debt quickly You may feel overwhelmed by debt. If you're in debt, the burden of that debt can weigh heavily on you. It has a significant
Budget busting business mistakes and how to get back on track
Staying on budget is an essential element of both personal and business success. Despite having a good financial understanding, the majority of people make mistakes. Recognizing these mistakes can help you avoid them, and failing to do so can cause