US Filing Requirements

Generally, the US business profits of a Canadian resident are exempt from US federal tax, unless the Canadian resident has a fixed base or permanent establishment in the US. However, under US domestic taxation legislation, the Canadian resident is "carrying on business" and has US filing obligations. 

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Tax-free Savings Accounts - Coming January 1, 2009

Starting January 1, 2009, Canadian residents who are 18 years of age or older will be able to earn tax-free investment income within a tax-free savings account (TFSA) during their lifetime. 

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Paying Your Corporate Taxes Online

Paying your corporate taxes electronically using online banking will save you time and money, and will help the environment as well! 

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Canada Revenue Agency Personal Electronic Payment Options

There are a couple of better options to get your money to the CRA that can make life easier for you. No more writing out umpteen cheques, worrying if they got there on time, or getting charged late interest penalties. 

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New Amendments to the Bankruptcy and Insolvency Act

On July 7, 2008, provisions came into force regarding the exemption of registered retirement savings plans (RRSPs) from seizure when bankruptcy is declared. 

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