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Thinking about tax and estate planning is never a fun task but is critical to your overall retirement plan. This especially holds true for Canadians with cross-border ties given the complexity of tax and estate law in the varying countries.

If you’ve recently inherited an IRA or are set to inherit one soon, you need to know that the rules surrounding IRA inheritances have become more complicated for some designated beneficiaries. Most...

The federal government has given Canadians 70 days’ notice to put their capital gains planning affairs in order. The 2024 federal budget’s surprise change to the capital gains inclusion rate from 50 per cent (1/2) to 66.67 per cent...

For many Americans, living in Canada can be very appealing thanks to the country’s diverse nature, liveable cities and publicly funded healthcare. But once in the Great White North, U.S. expats can find themselves caught between a rock...

Moving to Canada is an exciting journey, often filled with new opportunities and experiences. However, for Americans leaving the U.S., particularly those with significant financial interests like U.S. revocable trusts, it’s crucial to...

Should you keep your IRA while in Canada? Written by guest blogger: Debbie Wong, CPA, CA, CRPC® Are you a Canadian resident with a traditional U.S. Individual Retirement Arrangement (IRA) account? You may be thinking about collapsing...

The complexities that come from a cross-border move are plentiful, which especially holds true when dealing with real estate. The principal residence exemption becomes more intricate for U.S. citizens living in Canada and owning...

It seems that the FBAR filing requirements and reporting always tend to cause more questions than answers. Ensuring you remain..

On March 28, 2023, Deputy Prime Minister and Minister of Finance, Chrystia Freeland, presented the federal budget for the 2023-2024 fiscal year. We have summarized selected highlights of the personal and business tax measures.

This is a very common question that is asked when people who have previously worked in the United States move to Canada, either directly from the U.S. or another country they moved to after the U.S.

You may have heard about the Tax-Free First Home Savings Account (FHSA) that will be available to Canadians in 2023. At its core..

Year End Tax Planning - 2022 These important tax and financial planning moves can help prepare you for the upcoming tax season and better align your finances with your short- and long-term goals. Key Takeaways While tax and financial...

The start of 2023 brings with it a change to Requirement Minimum Distributions (RMD’s) that could affect you.

When Canadians consider renouncing their citizenship, there are many questions that come to mind. What are the tax ramifications of leaving Canada? Do I have to liquidate my RRSP? Will I pay departure tax?