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…
News
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…
All Taxcycle and Doxcycle Users Receive Free Priority Phone Support
Cam Peters: Today I’d like to announce that all TaxCycle and DoxCycle users will receive Free Priority Phone Support this year. Here is what we mean by priority phone support: Call us at 1-888-841-3040. A member of our development team will answer the phone and help you. You don’t have to press 1 for english,…
Office Hours for December
Please note that my office will be closed from December 22 through January 1st. We will reopen on January 2, 2013 DV. If you have any work that needs to be done before then, please notify me by December 14, and bring your paperwork in as soon as possible. Thank you!
Bank of Canada keeps rate-hike stance despite softening economy
Tue Dec 4, 2012 9:32am EST The Bank of Canada today maintained its benchmark interest rate at one per cent, the same level it has been at for more than two years. The benchmark is the rate at which retail banks and other lenders set their borrowing rates for consumers. It marks the 18th consecutive…