February 12, 2014 - True the Vote founder testifies on IRS targeting of conservatives
atherine Engelbrecht testified Thursday at a hearing before the House of Representatives on the alleged targeting of conservatives by the IRS and other federal agencies.
February 12, 2014 - U.S. tax returns required for dual citizens: Roseman
Starting July 1, the Canada Revenue Agency will share financial information about Americans living in Canada with the U.S. Internal Revenue Service – information that will come from Canadian banks. Banks won’t have to report to the IRS on most federal registered accounts held by Americans, such as RRSPs, RESPs and tax-free savings accounts
February 11, 2014 - Canadian Fund Institute Commends Gov't For FATCA Exemptions
Under the IGA, registered plans, including Registered Retirement Savings Plans, Registered Retirement Income Funds, Registered Education Savings Plans, Registered Disability Savings Plans and Tax-Free Savings Accounts, are exempted from FATCA and will not be reportable. This will benefit the millions of Canadians who hold mutual funds in these types of plans.
february 10, 2014 - U.S., Canada forge deal in global anti-tax dodger push
The Canadian agreement narrows the scope of information required to be collected from account holders in Canada, officials said.
January 27, 2014 - Canadian data doesn’t support stereotype of the wealthy U.S. expat
n Canada, officials are negotiating an arrangement under which banks would report suspected Americans to the Canadian Revenue Agency, which would in turn pass the data on to the IRS.
January 23, 2014 - National News: Canadians deserve answers on FATCA
Conservative Finance Minister Jim Flaherty must address growing public anxiety about the U.S. Foreign Account Tax Compliance Act (FATCA), and secret negotiations over an Intergovernmental Agreement (IGA) for the implementation of FATCA in Canada.
January 15, 2014 - Q & A: How will the new U.S. tax law affect Canadians?
A new American tax law will come into effect in July that could impact Canadians, even those with no ties to the U.S.
November 26, 2013 - Banks Forced to Comply With US Regulators Despite Not B
Canada is the latest nation to watch with bated breath as its leaders near an agreement with The United States Internal Revenue Service (IRS) for its banks to surrender records detailing the identities of suspected American tax cheaters.
November 25, 2013 - Canadian banks to be compelled to share clients' info w
The Foreign Accounts Tax Compliance Act, or FATCA, was passed by the U.S. Congress in 2010 and comes into force July 1, 2014.
October 3, 2013 - How Canadians, too, can fend off the long arm of the IRS
Now, just because you may be a Canadian citizen and resident, you’re not immune to the reach of the Internal Revenue Service (IRS) south of the border. U.S. estate tax can apply on different types of U.S. assets, with the most notable being U.S. real estate.
May 10, 2013 - axman may have a bead on offshore tax havens, government say
The Canadian government says it may be getting access to 2.5 million files on offshore tax havens that were leaked to the media last month.
May 10, 2013 -Offshore tax-evasion probe to give feds access to Canadian in
The three countries announced an investigation Thursday into offshore trusts and companies — in tax havens such as Singapore, the British Virgin Islands, Cayman Islands and Cook Islands — that were used to “conceal assets by wealthy individuals and companies.”
May 10, 2013 - Canada left out of tax probe into leaked offshore data
The U.S., Britain and Australia announced Thursday they've launched what could be the biggest ever international investigation into tax cheats, using what is believed to be largely the same massive leak of offshore financial records revealed last month by the CBC and other global media outlets.
April 30, 2013 - Canada to Bitcoin Miners: "Pay Yer Taxes"
With Bitcoin cash value increasing five-fold to around $250 USD/Bitcoin in April, the Canada Revenue Agency is salivating at the prospect of extra taxes from its domestic miners/traders.
April 22, 2013 - The ticking time bomb of tax liability for Americans in Ca
This article outlines some of the tax issues faced by U.S. citizens living in Canada.