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Introducing Tax-Free First Home Savings Account
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Our Approach
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Our Team
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Learn More
Introducing Tax-Free First Home Savings Account
Investment Planning
Financial Planning
Tax Planning
Education Planning
Retirement Planning
Estate Planning
Contact Us
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Home
Our Approach
Our Services
Our Team
Our Team
Our Partners
Resources
Links
Market Update
Learn More
Introducing Tax-Free First Home Savings Account
Investment Planning
Financial Planning
Tax Planning
Education Planning
Retirement Planning
Estate Planning
Contact Us
Tax Planning
Canadian Snowbirds and U.S. Income Tax
Although Canadian snowbirds reside in the U.S. for only a part of the year, there is the potential of being considered a U.S. resident and, in turn, having to pay U.S. income tax on the same basis as a permanent U.S. resident. This article outlines how the U.S. government determines whether you are a resident for income tax purposes; namely, it covers the criteria for meeting the Substantial Presence Test, Closer Connection Exception and the Canada U.S. Income Tax Treaty Tie-Breaker Rules.
Canadian Snowbirds and U.S. Income Tax
Contribution Reminder For Your RRSP, TFSA and RESP Accounts
Maximizing the value of your registered plans by making annual contributions to your Registered Retirement Savings Plan (“RRSP”), Tax-Free Savings Account (“TFSA”), and Registered Education Savings Plan (“RESP”) is an important wealth planning strategy. By making your annual contribution(s) early in the year, you’ll benefit from the tax-sheltered growth all year long.
Contribution Reminder For Your RRSP, TFSA and RESP Accounts
Donating Appreciated Securities
The benefits of making a charitable donation are countless – from helping those in need to the personal satisfaction of giving back to the causes that are important to us. Charitable giving also makes good sense from a tax perspective. With proper planning, you can reduce your total income tax liability and maximize the value of your donation.
Donating Appreciated Securities