Renouncing US citizenship? When it might make sense from a tax point of view?
As per the reports published by the state department almost, 9 million citizens of America reside overseas. The assortment of people residing in these slots are: Diplomats Military staffs Medical professionals Students Digital nomads Citizens having job postings in the
Leaving Canada permanently? What will be the related tax consequences?
The taxation policies are different in countries across the world. Your taxes are influenced by variegated elements. Your income, gains and financial possessions will decide the pathway for robust financial planning. Know tax filing related consequences. Be its assets, corporate bonds,
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
What is Canada’s carbon tax? How expats can get through it?
The current climatic conditions globally are all hinting towards a climate disaster, resulting in extreme dips in highs and temperatures, in places where winter is the main season, like Canada. Under the Greenhouse Gas Pollution Pricing Act in 2018, a
Infrastructure bill: How is it going to impact the US expats
The unannounced birth and spread of COVID-19 globally highlighted multiple different gaps, loopholes, and pain points in different countries all around the world. One of the major reasons why countries like, the United States of America, were amongst the worst
Extension of child tax credit: Is it going to be some relief for non-resident citizens?
In America, the cost of raising a child has been a financial burden for most citizens, especially families with lower daily incomes. As part of Joe Biden’s American rescue plan, the proposed extension of the child tax credit has its
Capital gains taxation in Canada: All expats need to know
The real estate industry is one of the most popular and fastest-growing industries worldwide with people from all around the world investing in property for self or sale in different parts of the world, as residents, expats, or non-residents. At
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