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Many Canadian residents find themselves in situations where they have a foreign pension plan that was earned while working abroad. This article discussed transferring it back to a RRSP or RRIF on a tax-efficient basis. To see if this option could work...

The U.S. is one of the few countries in the world that levies tax on your worldwide income based on citizenship and residency status. An individual who's considered to be a U.S. person for U.S. income tax purposes, regardless of where they're living,...

Starting at age 65, you are entitled to receive Old Age Security (OAS). For strategies on additional benefits you may qualify for, or conversely, strategies to help you reduce your exposure to OAS clawback, please click below. As always, for a more detailed...

Depending on your situation, it may make sense to pursue a strategy to share some of your CPP with your spouse to lower the overall marginal tax the couple is paying. For information on the rules, click below - to see if this makes sense for you, please...

Canada's recently unveiled 2024 federal budget proposes to increase the capital gains inclusion rate to 66.67% from 50%. This article focuses on the impacts this may have on your medical professional corporation (MPC) and whether you should consider selling...

The recently released federal budget proposes to increase the capital gains inclusion rate to 66.67% from 50%. This change is scheduled to come into effect on June 25th, 2024. Although there are still lots of unanswered questions, there are already some...

For non-residents of Canada that have Canadian sourced income, it is important to understanding the potential withholding tax implications. As always, for a more detailed discussion, please reach out. Click Here

For U.S. persons living in Canada, knowing the Passive Foreign Investment Company (PFIC) rules is extremely important. Examples of holdings that typically fall under these rules are Canadian mutual funds and exchange trade funds. For more information...

Looking to escape the long and cold winter, many Canadians are now called "snowbirds" - flocking to popular warm-climate destinations in the U.S. However, owners of these properties should be aware of the potential U.S. tax issues they may face. For more...