Navigating the tax landscape for Canadians filing a U.S. tax return can be a challenging endeavor due to the intricate interplay between the tax laws of both countries. This article aims to shed light on the tax implications for Old Age Security (OAS) and Canada Pension Plan (CPP) payments for such individuals. We will delve […]
U.S. & Canadian dual tax filers often wonder if the Canada Pension Plan (CPP) and Old Age Security (OAS) payments, which provide retirement benefits to Canadians in their later years, is taxable in the U.S. and Canada. The answer depends on where you live!
Navigating the taxation landscape as a U.S. citizen living in Canada can be complex and challenging. The tax systems in both countries have their own unique requirements and deadlines, and understanding them is crucial to ensure accurate reporting and prevent penalties. This blog post aims to provide a comprehensive overview of common errors on U.S. […]
With Canadian residency impacting an individual’s tax status, it is important to have a clear understanding of what it means to be a Canadian resident for tax purposes, including the tie-breaker rules under the US-Canada tax treaty. Individuals immigrating to, or emigrating from Canada, those with residences elsewhere in the world, or who have employment […]