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Canadian COVID-19 Guidelines – International Tax

On April 1, 2021, Canada Revenue Agency (“CRA”) updated its guidance with Part VII – Supplemental Guidance[1] which provides further relief from Canadian residency and Canadian permanent establishment for certain non-residents of Canada and businesses by extending the relief period to December 31, 2020. The updated guidelines also provide an alternate method for cross-border employment income […]

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U.S. Federal and State Tax Filing Deadlines Under COVID-19

March 23, 2020

On March 20, 2020, U.S. Treasury Secretary Steven Mnuchin announced that the date for both filing and payment of certain U.S. federal income taxes has been deferred from April 15th to July 15th in response to COVID-19. This deferral applies to individuals and business taxpayers of U.S. federal income tax.

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Renouncing Your U.S. Citizenship? – Count ALL Your Assets

November 19, 2019
Renouncing U.S. citizenship raises the issue of whether U.S. exit tax applies and what that calculation includes.
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U.S. Transition Tax – A Fourth Update

April 14, 2018

In mid-April, there is usually a race against time by taxpayers and accountants to meet U.S. tax filing deadlines. The normal U.S. tax filing deadline for the 2017 year for individuals and certain U.S. entities is Tuesday, April 17th (a few days later than the usual April 15th due to weekends and a U.S. holiday […]

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