Bert Mulder CGA is pleased to again sponsor the Sherwood Park Music Festival, by way of the Mulder Scholarship for Best Overall Performance – Baroque (Any Composer except J.S. Bach). (By the way, Bach is my favorite baroque composer, but there is already a Bach scholarship)
Author: Bert Mulder
Using e-mail to send tax returns promotes data breaches and violates privacy laws
Legal threats over data breaches come as government ponders new ways to secure information, Jan 2013 Federal department bans use of portable devices after personal data breach, Jan 2013
Question: Are the Canada Pension Plan and Canadian Old Age Security benefits taxable? If they are, please tell me where they should be entered on Form 1040.
Answer: The taxation of payments received from Canadian retirement programs that are similar to the U.S. Social Security system receive special tax treatment due to an income tax treaty between the United States and Canadian governments. The way this income is taxed depends on the recipient’s residence. The special tax treatment applies to payments receive…
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…
A history of Canadian Tax Software by Cam Peters
Cam Peters: This week in February marks the 28th anniversary of the CanTax T1, the first piece of tax software I developed. I don’t often celebrate the occasion, but it does cause me to pause and reflect on how tax software has changed over the years. This year, I decided to go a step further.…
Deadlines
Today, January 31, 2013 is the deadline for corporations with October year ends to pay their corporate taxes, and July year ends to file their corporate tax returns. Also, those companies with October year ends and December quarter ends have GST returns due, as well as all monthly GST filers. February deadlines: February 10 –…
Customizing data monitors in TaxCycle
by Elizabeth on Friday, January 25, 2013 1:00 PM Whether you want to keep an eye on several amounts in your clients’ tax returns or just a few, customizing TaxCycle’s data monitor is an easy way to see details you want at a glance. Balance owing or tax refund expected? The data monitor appears at the bottom of…
The Hiring Credit for Small Business has been extended
The Government of Canada has extended the Hiring Credit for Small Business (HCSB) for 2012. The 2011 federal budget created the HCSB to create jobs, grow the economy and support small businesses.
I have finished my required 15 hours of professional development
On schedule to becoming a registered tax return preparer, I have today finished my required 15 hours of continuing education for 2012. http://www.irs.gov/Tax-Professionals/CE-FAQs:-I-am-a-Tax-Professional
Printing in a paper-free tax office?
How much do you still need to print in today’s tax office? Most returns are efiled. Clients often prefer email. You keep PDFs rather paper files. What place does printing still have? And, what should TaxCycle do about it? In the paper-free office, we think you’ll end up printing less frequently, and probably for archive…