Client Stories #6: Catching Up on Years of Missed Taxes
One recent lead came from a business owner who hadn’t filed taxes since 2019. Like many, they faced disruptions during COVID, lost track of their filings, and now want to get current with the IRS so they can move forward — including planning to buy a home in the near future.
Different Checks For Choosing A Tax Advisor
I have dual citizenship in the USA and Canada. Do dual citizens pay taxes in both countries?
This is a tough one to answer.
What Is Cross-Border Tax Planning
Cross-border planning assesses your income, transactions, revenues, and whatever comes under your financial life
How Does Canadian Departure Tax Work
Understand your residency determination and how that will impact your taxes.
Canada Estate Inheritance Death Tax Explained
Canada does not have an estate inheritance death tax. The estate is considered a sale by the CRA which means that it’s the estate that owes taxes to the government and not the beneficiaries of the estate.
Filing CA Taxes While Living in the USA Explained
As a citizen of the USA, while working and living in Canada, you may need to file some taxes applicable in Canada.
Implications If an Expat Doesn’t File Taxes
The IRS can charge you for not paying taxes. You can face penalties, interest costs, and in some cases criminal charges can also take on you.
Tax Implications Of Moving to Canada From the US
Since there are a lot of details here, the answer depends upon the case-by-case financial data you have. However, here is some of the advice if you’re moving from US to Canada:
Permanent Residents of Canada & Paying U.S. Taxes
Home About Mohammad Blog Akif CPA Home About Mohammad Blog Akif CPA Contact Youtube Linkedin Instagram Facebook My Blog Do permanent residents of Canada have to pay US taxes? Hey Mohammad, I hope you’re doing good. I’m a dual citizen and have settled in Canada permanently. Do I have to pay double taxes? Yes! US citizens have to file US taxes in Canada. Even if you have paid taxes in Canada, you still have to file taxes in the U.S. on worldwide income. Contact Home About Mohammad Blog Akif CPA Home About Mohammad Blog Akif CPA Youtube Linkedin Instagram Facebook
Non-residents Paying Tax in Canada Explained
Home About Mohammad Blog Akif CPA Home About Mohammad Blog Akif CPA Contact Youtube Linkedin Instagram Facebook My Blog Do non-residents pay tax in Canada? Hi, I got a question about Canadian regulation, does it applies to non-residents as well? Non-residents are supposed to pay tax on the income they earned from Canada. Further, it depends on the type of income they have earned as well. Consulting with a professional CPA can be very helpful in such cases. Contact Home About Mohammad Blog Akif CPA Home About Mohammad Blog Akif CPA Youtube Linkedin Instagram Facebook