What Do Non-Resident Canadians Need to Know Before Filing Taxes in 2022?
Non-Resident Canadians are deemed residents of Canada as of 2021. As per the definition laid down by the CRA (Canada Revenue Agency), non-residential Canadians are persons who reside in Canada for less than 183 days. For the 2022 tax return,
Tax deadline 2022: Everything Expats Need to Know
According to the general rule of the IRS, every U.S. taxpayer must file the annual tax within 18th April 2022. Therefore, it is the busiest hours for the Personal Tax consultancy Service in Toronto. Although there is an extension of
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
Canada Child Tax Benefits: Are Expats Eligible?
Canada Child Benefit, briefly known as CCB is a policy administered by Canada Revenue Agency (CRA). By definition, this is a monthly allowance paid to the eligible families to raise the minors (children below the age group of 18). The common
Canada’s digital services tax: New updates for expats
The Digital Services Tax is a fresh mandate introduced by the Canadian policy makers in alignment with the exponential success of the industries situated in the Canadian landscape. This tax focuses on the total revenue earned by mega multinationals and
What Non-residents need to learn about gift tax in Canada?
If you are giving property to Canadian residents, being a non-resident, then you must keep cognizance of some guidelines related to the tax receipts and slabs. There is no such provision to attach a gift tax in Canada, however, only
What is a sign-on bonus and are expats eligible for this?
The sign-on bonuses act as leverage for the newly hired employee, who has signed an official contract. This lump-sum additional payment offered to a fresh hire will help to sort ideal talents who can work as per the aligned company
Import tax in USA: Everything you need to know
Trade is one of the significant elements which contributes evidently to the economic fabric of a country. Carrying out imports and export across different geographical locations is an intricate task. To suffice the transportation, tax is levied for goods being
New Digital Services Tax in Canada: Things expats should know
The Digital Services Tax Act or DST Act has witnessed a massive modification in the last few years. The major changes took place in the Fall economic Statement of 2020 where a bunch of new factors was included. The new Digital
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