If you an American who has been living in Canada for a long time, read this blog on the benefits of applying for Canadian citizenship.
If you are an American with Canadian bank or investment accounts, the CRA may report your accounts to the IRS. Read this article to know more.
We are thrilled to announce that Shlomi Steve Levy and Sergei Titorenko were invited to draft an article for the Nov. 19 edition of (STEP Journal).
Canadians who own Florida real estate and wish to sell or are interested in purchasing Florida real estate should be informed of the specificities of selling.
Canadians selling US real estate are subject to a mandatory IRS withholding on their sale proceeds. To know more, read this article.
Helping Canadians understand their tax, estate planning and ownership needs in the U.S. If you spend a significant amount of time in the U.S., or have personal or investment property there, it’s important to understand the differences between Canada and the U.S.
If you are an American living in Canada, the CRA is now sharing your Canadian bank records with the IRS. To know more, please read the blog below.
Shlomi Steve Levy was recently interviewed by Neil Sharma for his article entitled "Tax strategies to investing in the U.S." which appeared in Canadian Real Estate Wealth Magazine. In this article, Shlomi discusses certain tax planning issues for Canadians who invest in US real estate, including ownership structures and avoidance of double taxation.
Many Canadians who seek to purchase or already own US real estate are unaware that at one point or another they will require a US Individual Tax Identification Number (ITIN). [...]
The US taxation system imposes onerous tax reporting obligations on its citizens. All US citizens must report and pay tax on their worldwide income – even if they live abroad. [...]