How To File Tax Returns As A International Student In Canada?
Even if you have no income, you are required to file tax returns as a student studying in Canada. The Canada Revenue Agency (CRA) publishes a list of tax submission instructions for international students Every year, the fiscal year spans from
The Truth About Gas Tax Holiday In Canada You Need To Know
Is Canada going to follow the USA on Gas Tax Holiday? Gas Tax Holiday is a scheme currently running in 5 provinces in the U.S. as a respite from the surging fuel costs. Under this scheme, state tax on cars and
What is New York’s gas tax holiday and how ex-pats can benefit from it?
As per the new policy aid down by the Biden Government, the gas tax (fuel tax) has taken a leave for seven months in New York City. To facilitate the citizens of New York City during the price surge of
Ex-pats may have to pay luxury tax on cars in Canada
On August 10th, 2021, the luxury tax was initially proposed (2021 budget). To establish the draught legislation, the essential steps were, however, only recently taken on March 11, 2022. Stakeholders were eventually asked to comment on the draught by April
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