Search Results for: Top 5 Tax issues
...Corporate Income Tax Personal Income Tax Sales tax Withholding tax. Not knowing how the tax laws apply to your business operations in Canada can end…
...Representation Limited representation authorizes a tax professional to represent you only if they prepared and signed your U.S. tax return. Unlimited Representation Unlimited representation allows…
On March 13th, the Internal Revenue Service provided further guidance on how U.S. taxpayers should report activity subject to the U.S. Transition Tax on their…
...significant tax implications for Canada including: Canadian corporate tax income rates would become more attractive. Currently, combined U.S. federal and state tax rates are about…
...2024 are as follows: Rate Federal and provincial tax rate Small-business tax rate 2.50% 11.50% Manufacturing and processing tax rate 14.00% 29.00% General corporate tax…
...influence the Newfoundland and Labrador tax environment in the coming years. Personal Income Tax Measures There are no proposed changes to personal income tax rates…
...Tax Departure Tax Planning Canadian Tax on non-residents https://youtu.be/hK5Coj6Yqy0?si=BhgkZEGAJ2rZrDEs This webinar highlights relevant tax issues that can arise from navigating the intricacies of Canadian departure…
...customer. Unlike state and local income taxes calculated on a net profit or net income, B&O tax is not eligible to be claimed as a…
...US income tax return, the maximum exclusion is US$500,000. Any capital gain exceeding the excluded amount is taxed in the U.S. in the year realized.…
...Income Tax Measures There are no proposed changes to personal income tax rates for 2025. The income tax rates for the 2025 taxation year, based…
...also subject to the 5% goods and services tax (“GST”) (and the provincial part of the harmonized sales tax (“HST”) or the Québec Sales Tax…
...for tax services Organize and execute client engagements through the research of technical issues and producing a work product that reaches reasonable conclusions or recommendations…
...extensively with individuals who are delinquent in their U.S. tax filings and identifying strategies to comply with U.S. tax law in order to avoid or…
...the normal due date of their tax return receive an automatic two-month extension of time to file their U.S. federal income tax return and pay…
Prepared by Andersen in Canada, Montreal Partner Patrick Coutu, Tax Director Danny Guérin and Tax Manager Omar Yassine. The tax community has been asking the…
...US source investment income and gross proceeds from the sales of US securities. The withheld tax may not be creditable in the taxpayer’s home country…
...buy (or sell) property in Canada. There are unique tax issues and planning opportunities in each case. If you have questions, we invite you to…
...taxation on income and gains. The U.S. and Canada have a comprehensive tax treaty system that addresses most dual taxation concerns. As in all international…
...concepts; 4. U.S. trusts for Canadian residents; 5. U.S. estate and gift tax; and 6. U.S. tax filing requirements. You can watch the video here. Not…
Watch Krista Rabidoux and Emily Yu review tax issues that can arise from delinquent U.S. tax filing. Topics: U.S. tax filing obligations and non-compliance consequences…