Have you been spending a lot of time on your books? How much time do you schedule for bookkeeping, and how much time do you actually spend? Are you tired and overwhelmed? Maybe there are other things that you could have been doing instead of sitting in that chair for hours, trying to make sense…

Canadians who earn rental income by renting out their property are required by the CRA to declare their rental income on their tax return. The CRA establishes the difference between ‘Rental Income’ and the ‘Business Income’ based on the number of services provided to tenants. When you provide space and basic services such as heating,…

Whether you are a Canadian living in the US or an ex-pat American who lives in Canada, you have to file US Tax returns. As a responsible and law-abiding citizen, it is better to know all about it before it’s too late. There are several important things that you need to consider before you file…

Many brick & mortar businesses in Canada have suffered a lot due to the COVID pandemic last year. On the other hand, digital sales have skyrocketed due to the lockdown and the government is concerned that the existing GST/HST rules put Canadian businesses at a disadvantage compared to foreign e-commerce businesses. The proposed GST/HST rules…

The U.S. citizens living in Canada are obliged to pay not only Canadian taxes but also U.S. taxes. Suppose someone living in Canada was born in the U.S., became a naturalized U.S. citizen, and has at least one parent who is a U.S. citizen. In that case, they have to pay U.S. taxes. U.S. citizens…

Living in a foreign country can be tricky at times, especially when it is that time of the year when you have to file your taxes. International taxation is a complicated area. But that doesn’t mean that there is no solution to this. Hundreds of Americans move to Canada every year for many reasons. It…