Canadians with US Rental Properties
If you are a Canadian citizen and own residential rental property in the US, you are subject to U.S. income tax on rental income you receive from your U.S. real estate property. 1. As a property owner you are required to report any rental income …Learn More
Who Must File an FBAR?
US citizens living in Canada normally hold Canadian bank and investment accounts. United States citizens are required to file an FBAR if they had financial interest in or signature authority over at least one financial account located in Canada and t…Learn More
Do I Need to File?
Every day I receive calls from people asking the same question: “As a United States (U.S.) citizen earning Canadian income, am I required to file a U.S. tax return?” The answer is Yes. U.S. citizens living in Canada are required to file a tax r…Learn More
The W 8 Form: Who It’s For and What It Does
This Form is for non-resident alien. W-8BEN: This is reportedly the most commonly used W 8 form. It's used to certify foreign status regarding tax withholding on income such as dividends, interest, royalties, rents, and annuities, and permits indivi…Learn More