Canadian Family Tax Planning: Strategies for Maximizing Benefits In 2024
When it comes to managing your family's finances, taxes are a critical aspect that can significantly impact your bottom line. Finding chances to optimize benefits for your family is an important part of tax preparation, which goes beyond simply fulfilling
Non-Resident Speculation Tax: Navigating Ontario’s Property Market in 2023
Getting Started Okay, so you've probably heard about the Non-Resident Speculation Tax (NRST) in Ontario. It's a bit of a mouthful, but it's an important part of the real estate scene here. Essentially, it's a tax aimed at keeping a check
The US-Canada Tax Treaty in the Post-Pandemic Era: What You Need to Know for Cross-Border Operations
The US-Canada Tax Treaty is a critical agreement that governs the taxation of individuals and businesses operating across the border between the United States & Canada. This agreement lessens tax obligations for those conducting business in both nations and helps
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
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
Solar manufacturing tax credit: How is it beneficial for green-energy manufacturers?
As per the current industry overview of the USA, solar energy production is growing at the fastest pace in the country. Due to this, the USA’s effort to contribute to the reduction of the global emission levels of harmful gases
What are the tax brackets in Canada?
To each and every taxpayer, paying taxes within the scheduled time periods is a matter of concern. They also don’t want to pay any extra. Thus, for the citizens of Canada, in this article, we have written a brief overview
Taxes for expats in Canada – How The Accounting & Tax can help you?
Citizens make an important query – who are the tax-payers in Canada? The most important determinant of tax liability in Canada is that – are you a resident of Canada? If yes, then there are chances that you are liable
5 Tips for Travelling to Canada
The beauty of Canada is unbelievable. Here you can find wonderful landscapes such as mountains, glaciers, lakes, forests, etc. You will surely be delighted by its striking sceneries. Although Canada is a Western country, it’s still important to plan carefully
How to come across a proficient international tax consultant in Toronto?
Before finding the best tax consultant around your area, it is important to understand who a tax consultant is. So, who is a tax consultant? Individuals who qualify as tax consultants have training in law and accounts, so that they