Category Archives: Canadian Tax Articles

Investing in U.S. Real Estate? Here Are Some Strategies for Canadian Buyers!

Canadians are prominent international buyers in the American real estate market, but the methods used by investors vary. Canadians can buy and own U.S. real estate either directly or through the use of various forms of business entities — corporations, partnerships, and trusts.  Let’s review some ownership structures available for foreign investors: Direct ownership: A […]

Employment Tax Basics: Where is your US employee pay going?

Employers are not only required by the Internal Revenue Service (IRS) to pay your business’s portion of taxes, but you are responsible for withdrawing specific taxes from employees. Individuals who are self-employed pay the same tax (with the same rate) that employees and employers pay, but it’s paid differently. Learn where tax dollars are going […]

Are You Leaving Canada? The Departure Tax Requirements for A Successful Exit

Moving abroad can be a complicated process. Perhaps you are a professional moving for work or a retiree looking for a warmer location; there are tax` consequences if they choose to leave Canada permanently. Understanding the  penalties that may arise when terminating your Canadian tax residence can ease the process and reduce implications. Under Canada’s […]

Ways To Reduce or Eliminate the U.S. FIRPTA Withholding Tax

Tax Implications for Canadian Individuals Selling U.S. Real Property When it comes to selling property across the border, Canadian individuals should be aware of the tax implications. When a Canadian resident sells an income-producing property located within the United States, you will be subject to a non-resident withholding tax of either 10% or 15% of […]

My Personal Credit: Can It Affect My Ability To Get A Business Loan?

The reality of living in Canada is that you need good credit. Major purchases like a car or a house usually mean having to take out a loan or a mortgage. Renters normally have to provide their credit reports before a landlord will approve them as tenants. There are even some employers who require a […]