Filing deadline The tax-filing deadline for most Canadians (for the 2022 tax year) is on April 30, 2023. For those who are self-employed, or who have a spouse/partner who is self-employed, the deadline extends until June 15, 2023. New benefits in...Read More
US taxes: Do I need to file Form 5471 as a shareholder of a Canadian corporation?
If a U.S. citizen and resident who is an officer, director or shareholder of a non-US corporation and owns at least 10 percent of this corporation, he or she must file a U.S. federal tax return include Form 5471, which is one of the most...Read More
US taxes: How to exclude foreign income on your US tax return – Form 2555
U.S. citizens and resident aliens living outside the United States may want to take the advantage of Foreign Earned Income Exclusion (FEIE). This is an exclusion that allows qualified US expats to exclude up to $107,600 from 2020 US taxes...Read More
Canadian news release: Deadline extended for CEBA loan applications
On March 22, 2021, the federal government has announced that the deadline to apply for an interest-free, partially forgivable loan through the Canada Emergency Business Account (CEBA) program is being extended from March 31 to June 30...Read More
Canadians: can I claim moving expenses?
In Canada, generally, you can claim moving expenses you paid in the year if both of the following apply: you moved to work or to run a business, or you moved to study courses as a full-time student enrolled in a post-secondary program at a...Read More