Tag: Canada Revenue Agency
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Canada’s New Capital Gains Tax: Driving HNWIs and Entrepreneurs to Consider Expatriation
In a move that has sent ripples through the financial community, the Canadian government has introduced a significant amendment to its capital gains tax, as outlined in its latest policy document titled “Tax Fairness for Every Generation“. This new tax regime is perceived by many as a punitive measure towards high-net-worth individuals (HNWIs) and successful…
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How to Avoid Double Taxation by United States and Canada for a Dual Citizen
Can you be a Dual Citizen of U.S. and Canada? Yes, it is possible to be a dual citizen of both the United States and Canada. Both countries allow dual citizenship, meaning that an individual can be a citizen of both countries at the same time. However, becoming a dual citizen requires following specific legal…
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Canada’s national bill and tax payment infrastructure operated by Dye & Durham remains unaffected by today’s network outages
TORONTO, July 8, 2022 /PRNewswire/ – Dye & Durham Limited (TSX: DND) (“Dye & Durham” or the “Company”), a leading provider of cloud-based efficient workflow software for legal and business professionals, announced today its online payment platform remains fully operational and unaffected by the wireless and internet service outages being reported across the country. Dye & Durham’s national…
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Bitcoin Tax Implications and the CRA
There are many players in the world of digital currencies, like LiteCoin, Ripple, PeerCoin and DogeCoin. But in the world of cryptocurrencies, Bitcoin is king! Unfortunately, for many unsuspecting Canadians, investing or trading in Bitcoin could hold a potential risk. It could run you afoul of the Canada Revenue Agency for Bitcoin tax. A WILD…