by Polaris Tax Counsel | Mar 24, 2020 | Cross-Border Tax
Recently, the world woke up to the health risks posed by COVID-19. Society at large is taking steps to curtail the impact of the virus. Closer to home, the virus should prompt people, especially those who are older, to make sure their affairs are in order. People...
by Polaris Tax Counsel | Mar 18, 2020 | Cross-Border Tax, News
The IRS has just announced limited relief for certain taxpayers due to the COVID-19 pandemic (Notice 2020-17). However, as currently drafted, this relief would not apply to US citizens or residents residing abroad. In particular, section III of Notice 2020-17 grants...
by Polaris Tax Counsel | Mar 3, 2020 | Cross-Border Tax
New IRS guidance exempt RESPs and RDSPs, but not TFSAs from annual US information reporting requirements. Our view remains that TFSAs are not foreign trusts and thus not subject to 3520 + 3520-A reporting (read more). All told, with this Revenue Procedure US taxpayers...
by Polaris Tax Counsel | Feb 5, 2020 | Presentations
This presentation, given to a group of lawyers, goes over some of the most common US tax issues for Canadians. View the presentation here (PDF format).
by Polaris Tax Counsel | Feb 5, 2020 | Presentations
This presentation provides a non-technical overview of some of the US tax issues related to operating a Canadian corporation. View the presentation here (PDF format).
