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
2022 Tax: How Expats Can Avail Child Tax Credit
Child Tax Credit or CTC is one of the prime features that US expats can avail of from the comfort of their home. This is one of the basic privileges that every US citizen and expats is entitled to. Seeking
Implementation of GloBE Rules in Canada
Global Anti-Base Erosion rules, commonly referred to as GloBE rules, have recently been accepted and implemented in Canada. This rule is all about the international tax system which aims to levy minimum taxes from the multinational companies operating in multiple
How US Expats Can Track Their IRS Returns?
Before we go on to discuss multiple ways to track IRS returns, let us have a clear idea of what US expat tax is. According to the American tax system, persons living abroad are subject to taxation based on their
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
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