Feigenbaum Law

Cross-Border Tax Issues

A Florida beach representing Canadian snowbirds heading south for the winter

Cross-Border Tax Issues

Travel Opportunities for Canadians Looking to Escape Cold Winter Weather

Every year, thousands of Canadians head south to the United States for the winter. For some, it’s a way of enjoying their retirement and avoiding harsh Canadian winters by soaking up the sun in southern states such as Florida or Arizona. Even for those not yet ready for retirement, but who are able to work remotely, working out of a southern destination can be an appealing idea. Of course, COVID-19 has put a wrench in… Read More

Glasses on an open calendar representing CRA extensions due to COVID

Business Management

Canada Revenue Agency Further Extends Deadlines and Exemptions

It has been a few weeks since we last updated our readers on how the Canada Revenue Agency is continuing to react to the COVID-19 pandemic. There were a number of announcements made in September that will be of interest to business owners as well as Canadians and Americans who spend time in one another’s country. Extension of Travel Restrictions Relief On September 2, the CRA announced an extension to their travel restrictions which could… Read More

American currency representing tax filing obligations on dual US citizens who live outside the US

Cross-Border Tax Issues

New Tax Risks For Dual Citizens Living In Canada

COVID-19 has brought with it many extensions to tax-related obligations for both Americans and Canadians. However, it doesn’t mean that tax obligations have gone away entirely. One item that has been a contentious topic over the last few years is the requirement for US/Canadian dual citizens living in Canada to file income tax in the United States as well as Canada. We wanted to take this opportunity to remind dual citizens of their obligations to… Read More

Movie camera on a film set

Cross-Border Tax Issues

COVID-19 Precautions in Place as Entertainment Productions Resume

In a recent blog, we talked about how professional sports were doing with a return to play in light of COVID-19. While the lack of professional sports has been a huge topic of conversation, other entertainment-related industries have also been eagerly awaiting a resumption of normal activities. Canada’s movie and television industry employs thousands of people, and as the industry gets ready to ramp up production of movies and television shows, it’s important to… Read More

A row of houses on a beach representing snowbird properties in the U.S.

Cross-Border Tax Issues

CRA Seeking Data on Canadian-Owned Properties in the U.S.

For Canadians who own property in the United States, filing a T1135 Foreign Income Verification Statement is mandatory in order to declare the property to the Canada Revenue Agency (CRA) for tax purposes. The failure to file a T1135 has penalties associated with it. For most Canadians, the CRA trusts that they will accurately report their own income and holdings for tax purposes. However, the CRA does look for ways to… Read More