Canadian Tax Articles

Should You Invest in Real Estate or a Business – or BOTH?

When immigrating to the United States, Canadians tend to explore investment Visa paths as they provide more reassurance for families to stay within borders than a Temporary Work Visa. Two of the most frequently requested visas are the EB-5, which provides a direct green card path, and the E-2, which [...]

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Your Guide to the Successful Completion of a Form W – 7

  A Form W-7 is used by the Internal Revenue Service (IRS) to issue an Individual Taxpayer Identification Number (ITIN) to non-US citizens. These individuals earning income from US sources require an ITIN in place of a Social Security number, and are required to file a federal tax return. After [...]

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How To Know If Your Canadian Company Needs To Pay U.S. Sales Tax

  Are you a Canadian company selling to the U.S? If so, sales to the U.S. are considered exports if consumed outside of Canada – therefore exempt from GST/HST. In addition to this, you may need to obtain a sales tax permit and pay U.S. sales tax depending if the [...]

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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 [...]

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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 [...]

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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 [...]

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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 [...]

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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 [...]

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