Posts by Staff
Why Monthly Bookkeeping Matters More Than You Think for Incorporated Business Owners
Photo by katemangostar, Freepik Many incorporated business owners think of bookkeeping as something to deal with once a year, usually when tax season approaches. But leaving it that long can lead to missed deductions, surprises at year-end, and extra work. For incorporated businesses in Canada, keeping your books up to date is not just helpful…
Read MoreCross Border Financial Planning: U.S. Citizens Living in Canada
As of November 2024, approximately 700,000 U.S. citizens reside in Canada. Additionally, between 2015 and the third quarter of 2024, over 93,000 Americans were granted permanent residency in Canada. These numbers illustrate a growing trend of Americans choosing to relocate to Canada for various reasons, including political, economic, and social factors. U.S. citizens living in…
Read MoreCross Border Financial Planning: Considerations for Americans Moving to Canada
Photo designed by Freepik There are numerous reasons why Americans are choosing to move to Canada, whether personal, political, employment-related, or otherwise. However, the process of financial planning for a move to Canada is complex and demands thorough preparation and strategic decision-making. Ideally, this planning should begin well before the intended departure date to ensure…
Read MoreCross Border Financial Planning: Considerations for Canadians Moving to the U.S.
Photo designed by katemangostar on Freepik Financial planning for Canadians moving to the U.S. is a complex process that requires careful preparation and strategic decision-making. Ideally, this planning should begin well before the intended departure date to ensure a smooth transition. The financial systems and tax laws in both countries differ significantly, and failing to…
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