Today, April 1, 2020, the Canadian government has released further information on the 75% wage subsidy: The subsidy is concurrent with the 10% subsidy, ie. if you do not qualify for the 75% subsidy, you can still continue to take the 10% subsidy.To be eligible, you must have a reduction of 30% of your gross…
Tag: Canada
Question: I am a U.S. citizen. If I move to Canada to live and work there as a Canadian permanent resident, do I pay both U.S. and Canadian taxes?
Answer: As a U. S. citizen living in Canada you: Are required to file annual U.S. income tax returns and may be required to file certain information returns if applicable (e.g. Form 8891 (PDF), U.S. Information Return for Beneficiaries of Certain Canadian Registered Retirement Plans; Form 3520 (PDF),Annual Return To Report Transactions With Foreign Trusts and Receipt of Certain Foreign…