Tax News

Help your disabled clients

Budget 2012 meant several positive changes to the RDSP. These included relaxed withdrawal rules and removing roadblocks for disabled adults to access RDSPs.

By Staff |September 4, 2012

1 min read

Want to beat the OAS clawback? Move south

Do you have a Canadian client who is planning to move south of the border? Then here’s some good news. He can apply for OAS in the U.S. and won’t be subject to the standard clawback thanks to the Canada-U.S. Treaty. “Sometimes people don’t apply for [OAS] after they move to the U.S. because they […]

By Suzanne Sharma |September 1, 2012

2 min read

RESPs: Just the facts

Lifetime contribution amount: $50,000 for RESPs opened after 2007 Annual contribution limit: None Maximum age to open: None. However, Canadian Education Savings Grants are only available to children until December 31 of the year the child turns 17. Canada Learning Bonds are available to age 21. Read: Making cash gifts “resp”onsible Duration: until December 31 […]

By Staff |September 1, 2012

1 min read

Common U.S. tax troubles

If the complexity of U.S. cross-border taxes doesn’t convince you to get help, the liability factor will.

By Melissa Shin |September 1, 2012

3 min read