What Canadians and U.S. Persons in Canada Need to Know If you live, work, invest, or run a business across the U.S. and Canada, taxes can get complicated quickly. The hard part isn’t only the tax calculation. It’s the mix of residency rules, cross-border reporting, and financial products that are “normal” in one country but … Read more
The tax planning strategy that you can take advantage of today. Despite 2018 reductions in income-splitting tax strategies used in family trusts, TOSI tax and income splitting rules have made room for the prescribed rate loan strategy variation to thrive. How it works: Investment income held within the family can be split with low-income beneficiaries … Read more
Looking to Reduce Your Tax Bill Through Real Estate? Learn how you can save more as an American rental property owner below. About The Short-Term Rental (STR) Tax Loophole is a powerful legal and IRS-recognized opportunity that savvy investors are using to significantly reduce their tax burden. The best part? This strategy does not require … Read more
A Guide to the Tax Implications of Emigrating See below for details.