Articles

How the CRA Treats Cryptocurrency Transactions in Canada

April 08, 2025

The Canada Revenue Agency (CRA) classifies cryptocurrency as a commodity rather than legal currency,...

Tax Implications of Holding Foreign Mutual Funds (PFICs)

April 07, 2025

U.S. taxpayers who invest in foreign mutual funds, ETFs, or other pooled investment vehicles may be...

How to Navigate FBAR and FATCA Compliance as a U.S. Expat

April 07, 2025

U.S. expats are required to report their foreign financial accounts and assets to the IRS and the Fi...

The IRS’s New Beneficial Ownership Reporting Rules

April 04, 2025

The Corporate Transparency Act (CTA) requires certain business entities to report their Beneficial O...

How U.S. Tax Laws Treat Foreign Passive Income

April 04, 2025

U.S. taxpayers earning foreign passive income—such as dividends, interest, rental income, capital ga...

What Happens If You Fail to File Your Canadian Tax Return?

April 03, 2025

Filing a Canadian tax return is a legal obligation for individuals and businesses earning income in...