The Substantial Presence Test

Friday, February 13th, 2015

In the administration of an estate, you may need to determine if the deceased who was a frequent traveller to the U.S. was in fact a U.S. resident, therefore required to make US income tax filings. An individual is considered to be a U.S. resident for any calendar year in which ...

Costs of making a voluntary disclosure

Friday, February 6th, 2015

I have written in previsous blogs about the availability of the Canada Revenue Agency (CRA) voluntary disclosure program (VDP) wherein taxpayer(s) who have fallen behind in their filing obligations may get caught up without suffering the tax penalties that are often triggered when a balance of tax is due with ...

NEW ESTATE INFORMATION RETURN: ADDITIONAL NOTES OF CAUTION

Thursday, January 29th, 2015

In a recent blog – just in time for the holidays as the blogger put it – executors and prospective executors were alerted to the requirement in Ontario for a new estate information return to be filed in addition to an application for a Certificate of appointment of Estate Trustee ...