Americans Living in Canada: Spike in Banking Records Sent by the CRA to the IRS
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.
19
11, 2019
14
11, 2019
LEVY SALIS PUBLISHED IN THE NOVEMBER 2019 EDITION OF THE STEP JOURNAL – POINT OF DEPARTURE
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).
23
01, 2019
Americans Living in Canada: CRA Shares 1.6 million Banking Records with the IRS
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.
12
03, 2018
US Tax Reform – Deduction on US Sourced Individual Business Income
The signing into law of the Tax Cuts and Jobs Act by US President Donald J. Trump on December 22, 2017 brought considerable changes to both how individuals and corporations [...]
6
03, 2018
US Tax Reform – Changes to Deductions on Individual Income
The Tax Cuts and Jobs Act, commonly referred to as the US Tax Reform Bill, came into effect on January 1, 2018. Among the numerous changes it makes to the [...]
20
02, 2018
US Tax Reform – Cuts in US Individual Income Tax Rates
In comparison with Canada, US tax rates on the income of an individual are lower. US federal individual income tax rates are lower than Canadian federal tax rates and State [...]
25
01, 2018
Were You Born a US Citizen?
US citizenship can be acquired either at birth or through naturalization. This blog will identify the rules by which US citizenship can be acquired at birth. It is common knowledge [...]
7
12, 2017
US Tax Reform Bill – Proposed Change for Small Businesses
One of the principal election promises of the Republican Party in 2016 US presidential election campaign was US tax reform. After several months of work, both houses of the US [...]
20
11, 2017
Life Insurance and US Estate Tax for Canadians
Many Canadians use life insurance policies as an estate planning tool to ensure their families are cared after and to pay tax owed by their estates on accrued capital gains [...]
21
10, 2017
IRS Releases New 2018 Estate and Gift Tax Limits
Last month, the IRS announced its annual inflation adjustments for a number of tax-related provisions for 2018, including the estate and gift tax limits and annual gift tax exemption. With [...]
