by Joseph Truscott | Jan 6, 2020 | Taxation Articles by Joe Truscott
Introduction If you have income tax debts owing to the Canada Revenue Agency, you may want to look into filing an application under the Taxpayer Relief Provisions. Section 220 of the Income Tax Act allows Canadians with tax liabilities...
by Joseph Truscott | Jan 6, 2020 | Taxation Articles by Joe Truscott
The purpose of this document is to make you aware of disclosure requirements if you own certain property outside of Canada. It is important that you advise us if you do own such property since there are significant penalties for failing to report such...
by Joseph Truscott | Jan 6, 2020 | Taxation Articles by Joe Truscott
JANUARY * 15th – Stock Option Benefits – Last day for employees to file/revoke designations to defer stock option benefits on options exercised in 2011– US taxes B Estimated tax payments for individuals * 30th – Deadline to pay interest for previous year on a...
by Joseph Truscott | Jan 6, 2020 | Taxation Articles by Joe Truscott
On June 26, 2012, the Internal Revenue Service announced new “catch up” filing compliance procedures for non-resident U.S. taxpayers. The release of these procedures appears to be in response to various requests for the Internal Revenue Service to provide...
by Joseph Truscott | Jan 6, 2020 | Taxation Articles by Joe Truscott
Introduction When it comes to U.S. real estate properties, there are 3 basic considerations including tax, financing and insurance issues that require very careful consideration. This is a simple list of issues you should consider carefully before you buy that winter...
by Joseph Truscott | Jan 6, 2020 | Taxation Articles by Joe Truscott
Introduction The end of the calendar year of 2012 is in sight and you should be starting to think about how you can maximize tax breaks to lower your business’s 2012 taxes. The following is a list of tax-saving ideas to assist you in minimizing your income taxes...
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