Tax Info

Tax Info

Regular CRA/IRS tax updates and cross-border knowledge — sourced, for general information.

56 articles

Newcomers

Newcomer Filing Basics: T1135, FBAR and FATCA for Chinese-Speaking Immigrants

Learn T1135, FBAR, and FATCA filing basics for Chinese-speaking immigrants in Canada and the US. Avoid penalties with our cross-border tax guide.

Cross-border

Canadians Moving to the U.S.: TFSA, RRSP, FHSA and FBAR Traps to Sort Out Before You Go

Avoid costly tax surprises when moving from Canada to the US. Learn how TFSA, RRSP, FHSA, and FBAR rules change and what to do before you go.

Tax News

Canada Consults on Draft Legislation for Previously Announced Tax Measures

Finance Canada releases draft legislation for previously announced tax measures. Learn how these proposals may affect your cross-border tax planning.

Tax News

IRS Points Extension Filers to Online Tools as Paper Processing Slows

IRS urges extension filers to use online tools as paper processing slows. Learn how to manage your tax tasks digitally and avoid delays.

Tax News

IRS Holds Interest Rates Steady for Q4 2026: What It Means for Cross-Border Taxpayers

IRS keeps interest rates steady for Q4 2026. Learn what this means for cross-border taxpayers, including underpayment penalties and tax planning.

Tax News

IRS Urges Extension Filers: File Soon, Don't Wait for October 15

IRS reminds 2025 tax extension filers to file soon, not wait until Oct 15. Avoid delays, interest, and penalties. Learn key steps and deadlines.

Filing Guide

Late-Filing Penalties and Repeated Failure-to-Report Income: How CRA Penalties Compound

Learn how CRA late-filing and repeated failure-to-report penalties escalate, with insights from recent Canadian court cases. Avoid costly mistakes.

Cross-border

China Issues New Individual Income Tax Rules for Offshore Trusts: What Cross-Border Families Should Know

China's Announcement No. 21 of 2026 tightens IIT on offshore trusts. Learn how cross-border families can adapt and stay compliant.

Small Business

Canada–US Tariff Escalation and China–Canada Duties: Tax and Business Implications

Explore tax and business implications of Canada-US tariff escalation and China-Canada duties for cross-border firms. Key insights for compliance.

Cross-border

China's New Offshore Trust Income Tax Rules: What Cross-Border Filers Need to Know

China's new offshore trust income tax rules (Announcement No. 21, 2026) impact cross-border filers. Learn key compliance steps and filing implications.

Tax News

IRS Launches Digitally Authenticated Tax Compliance Report: A Practical Tool for Cross-Border Taxpayers

Learn about the IRS's new digitally authenticated Tax Compliance Report and how it simplifies cross-border tax compliance for US and Canadian taxpayers.

Tax News

FIRE System Retirement: What Cross-Border Filers Need to Know Before the 2027 Filing Season

IRS retires FIRE system for information returns. Learn what cross-border filers must know before the 2027 filing season to avoid penalties.

From official sources · cited · not tax advice