If you’re a Canadian citizen selling real estate in the United States, you may be subject to withholding taxes. These taxes can be as high as 15% of the...
As an American living in Toronto, you may be required to file taxes in both the United States and Canada. This is because the US taxes are based on...
A foreign tax credit is available to any taxpayer who has been a resident of Canada and earned worldwide income at any time during the tax year. The income...
Did you recently migrate to Toronto from the United States for business? If yes, you are now officially a US expat. Living overseas for professional reasons can be a...
What are Non-Fungible Tokens (NFT)? NFT stands for non-fungible tokens. NFT’s are unique digital assets that can be traded on the blockchain network. As they are non-fungible, they cannot...
Provincial Sales Tax (PST) is complicated to understand simply because different provinces have their own ways of collecting PST. In this blog post, we will be going through the...
GST/HST is an integral part of running a business, and not understanding the rules surrounding sales tax can be damaging for your business. Self-employed Canadians and businesses should be...
Cryptocurrency is a type of digital currency or payment that may be used to buy and sell goods and services on various online platforms. To work, cryptocurrencies rely on...
Millions of Canadians were forced to work from home during the 2020 tax year and opted to use their bedrooms, kitchens, and living rooms to work remotely for their...
Brief Introduction The Government of Ontario has introduced new legislation as of October 01, 2020, bypassing Bill 45, Trust in Real Estate Act, 2020 which will bring in a...