Tax Considerations When Moving Back To Your Home Country
As Residents of Canada’s Capital move from Canada to the United States or vice versa, a multitude of unique lifestyle, immigration, financial, tax and estate planning issues must be considered. Ideally, it is best to plan or be aware of these considerations prior to the move, not afterward. In this [...]
Tips for Reducing the Tax Impact on Death
You may have been putting considerable energy into saving for retirement, but what about estate planning? If you want your assets to pass through as easily as possible to your beneficiaries, it’s worth speaking to an advisor and doing some planning early on. “There are many things to consider [...]
Feel like you’re missing out on something? It could be your benefits and credits or your tax refund!
Did you know that some Canadians are entitled to benefits and credits but they don’t know that they are? You may be leaving money on the table by not filing your income tax and benefit return. The Canada Revenue Agency (CRA) wants you to receive the benefits and credits you’re [...]
Catching Up on Past Due Tax Returns
Our tax services include catching up on tax returns from past years that haven’t been filed yet for both individuals and businesses This is a big part of our business! We support our clients through-out the year by preparing past due tax returns. The CRA only requires taxpayers to catch [...]
What tax problems and risks do you need to be aware of?
A tax problem can quickly become a tax emergency. Unresolved tax disputes with the CRA pose significant risks to taxpayers. The CRA has sufficient powers to collect tax debt under the various tax acts. Taxpayers facing problems such as past due tax returns, undeclared income, or outstanding tax debt could [...]
RSU Taxation
Taxation of Restricted Stock Units (RSUs) Key points: Restricted stock units (RSUs) are a way your employer can grant you company shares. RSU’s are effectively deferred employee bonuses. When the RSU’s vest (when you’re able to sell them), you’ll receive a taxable benefit equal to the value of the [...]