Canadian Tax Articles

Selling property in Canada? Get a CRA Clearance Certificate

Canadian non-residents who sell Canadian real property must get a clearance certificate from the Canadian Revenue Agency (CRA). You need a Clearance Certificate before the title of a property is transferred to another party. The certification is not mandatory, but without one, the CRA can hold you liable for any [...]

20
Sep

Canadian Tax on U.S. Investment

There are lucrative investment opportunities for Canadians in America. Learn more about investing in the US and how it’s taxed in Canada. Canadians are taxed on their international income, so it’s important to understand cross-border investment implications. Since Canadian residents are taxed on their worldwide income, you must report US [...]

09
Aug

What does the FIRPTA mean for Canadians selling US real property?

Canadians who sell real estate in the US are subject to the Foreign Investment in Real Property Tax Act (FIRPTA). As a seller it’s important to understand what FIRPTA is and how to recover them. What is the FIRPTA withholding rate? With few exceptions, the purchaser is required to withhold and pay [...]

12
Jul

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 [...]

16
Apr

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 that, [...]

23
Mar

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 Canadian [...]

02
Feb

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

U.S Real Estate 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 [...]

03
Dec

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 [...]

01
Nov

canadian sales tax for u.s. sellers

canadian sales tax for u.s. sellers. I am excited to embark on this new journey and enthusiastic about welcoming you as part of the CAN-US Tax & Accounting team as well. U.S. personal taxation services for U.S. citizens and U.S. non-resident aliens. We provide U.S. tax services for Canadian corporations & real estate investors operating in the U.S. U.S. indirect tax services for Canadian companies operating within the canadian sales tax for u.s. sellers. CAN-US Tax & Accounting, Inc. is a cross border tax firm that specializes in working with Canadian business and individuals doing business in the United States.