With the economy still uncertain, some Canadians have turned to their Registered Retirement Savings Plan (RRSP) as a source of funds. But there could be tax consequences on your tax return.
The Internal Revenue Service (IRS) is tracking down U.S. citizens in other countries to make sure they are keeping up with their tax obligations. Are you one of the missing?
Many Canadians are taking advantage of our strong dollar and lower real estate prices in the U.S. Make sure you understand your tax filing obligations once you own property south of the border.
Meant to help Canadians with disabilities with the extra cost of managing their condition, the Disability Tax Credit is one of the most commonly missed tax deductions.