5 tips for expats to save maximum tax
For expats who spend the majority of their time out of the country, travelling or working or both, taxes can become a real issue. No one likes filing their expat taxes and certainly, no one likes spending money that they
Trump objecting the release of tax returns to the Congress: How is it going to affect tax payers?
Public disclosure and release of former US President Donald Trump have been in the news since 2019. As per reports, the US DOJ (Department of Justice) commanded the IRS (Internal Revenue Service) to turn over information related to his tax
How immigrants can cope up with tax reforms in Canada?
Experts have always been sceptical of tax reforms in Canada, even if it is one of the best countries for expats and immigrants. As per the fiscal update released by the Canadian government in 2021, taxes are likely to rise
What is Canada’s tax rule for digital sales?
The government of Canada declared its new taxation norms for foreign businesses selling goods and services to Canadians through digital platforms for digital sales. In November 2020, the Canadian government announced its decision to mandate every foreign business owner to
Sales tax holidays 2021: What you need to know
Government holidays are always welcome, more so when they are available on paying taxes! Yes, every year, the government in countries like Canada, the U.S.A, etc., come up with a list of sales tax holidays. This list contains certain periods
Tax over US-owned homes in Canada: The entire story
Canada has been a prime hub for real estate and so multiple country citizens, especially from the USA, have been actively investing in properties in Canada. For the same reason, the rate of non-resident property ownership in Canada for 2019
T1134: What is it and how to get through?
The T1134 Form is a necessary government document that is applicable for all stakeholders involved in a foreign affiliate, including individuals, companies as a whole, partnerships, etc. In simpler words, it is a mandatory form that needs to be filled
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
Biden targeting Protected Assets for Taxation: Why is it worrisome for wealthy immigrants?
According to an interview with Joe Biden earlier this year, he exclaimed his displeasure on the fact that the wealthy immigrants of the country today are not paying their fair share of taxes. This is where he suggested some tax
Business or personal debt got you down
The steps to take in order to regain control of your spending and reduce your debt quickly You may feel overwhelmed by debt. If you're in debt, the burden of that debt can weigh heavily on you. It has a significant