by Joseph Truscott | Jan 6, 2020 | Taxation Articles by Joe Truscott
The federal government’s planned changes to the Canada Pension Plan (CPP) have two goals, dealing with an increasingly aging population and making it easier for people to work longer if they wish. The revisions highlight two issues that you will want to discuss with...
by Joseph Truscott | Jan 6, 2020 | Taxation Articles by Joe Truscott
To gather information for law enforcement, particularly drugs and organized crime, Congress has long required U.S. persons owing or having signatory authority over foreign financial accounts to file a report with the Department of the Treasury...
by Joseph Truscott | Jan 6, 2020 | Taxation Articles by Joe Truscott
If you are a Canadian resident (but not a U.S. citizen) who spends significant amounts of time in the U.S. for either work or leisure, you may be required to file U.S. federal income tax returns. That’s because, under U.S. law, you may be considered a...
by Joseph Truscott | Jan 6, 2020 | Taxation Articles by Joe Truscott
Purpose of Voluntary Disclosure The Canada Revenue Agency’s Voluntary Disclosures Program is a fairness initiative that gives taxpayers the opportunity to come forward and to correct inaccurate or incomplete information, or to disclose...
by Joseph Truscott | Jan 6, 2020 | Taxation Articles by Joe Truscott
It is very common for owner/managers to have life insurance policies issued to cover various cash requirements that would arise in the event of an untimely death. These cash needs may include the repayment of business loans and payables, providing cash...
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