624 plain-English guides on cross-border, each one ending in what to do next.
Page 20 of 26, newest first.
The non-willfulness certification, Form 14653 if you live outside the United States, Form 14654 if you live inside it. Covers key rules, filing.
Cross-BorderThe IRS Streamlined Filing Compliance Procedures are the most commonly recommended path for US persons who are behind on their offshore reporting.
Cross-BorderCanadian mutual funds are PFICs, RRSP and TFSA holdings included, and each needs its own Form 8621 every covered year. Covers treaty provisions, foreign.
Cross-BorderA testamentary trust is any trust that arises on (and because of) a person's death, typically created by a will. Covers key rules, filing requirements,.
Cross-BorderUS real property is a US-situs asset for estate tax purposes, and the $60,000 NRA exemption covers almost nothing. Covers treaty provisions, foreign tax.
Cross-BorderListing a US LLC on Airbnb changes the trade-or-business classification, withholding, and FAPI on the Canadian side. Compare LLC, S-Corp, and sole.
Cross-BorderA US citizen or green card holder as trustee can change a Canadian trust's US classification, trigger annual reporting. Covers treaty provisions, foreign.
Cross-BorderHow the US wash sale rule and Canada's superficial loss rule interact for cross-border investors harvesting tax losses across both countries.
Cross-BorderThe T1135 late filing penalty is $25 a day up to $2,500 per form, even with no tax owing. Gross negligence adds more. Here's how relief and the 2025 VDP rules work.
Cross-BorderIf you are a US person with Canadian filing obligations (or a Canadian resident with US filing obligations) and you are behind on both sides.
Cross-BorderFBAR penalties run up to $16,536 per report non-willful and the greater of $165,353 or 50% per account willful. How the IRS sets the amount, and which route fits your facts.
Cross-BorderThe IRS now considers reasonable cause statements on late Forms 3520 and 3520-A before assessing a penalty. What that means for TFSA, RESP and gift penalties, and abatement.
Cross-BorderThe penalties are designed for large multinationals hiding offshore income, but they land equally on dual citizens running a one-person Canadian company.
Cross-BorderLeaving Canada for Australia triggers departure tax on unrealized gains. Australia has no arrival tax, and a cost-base step-up stops double tax on the gain.
Cross-BorderTax checklist for Canadians moving to Dubai or the UAE. Departure tax, RRSP, TFSA, pensions, Part XIII withholding without a treaty cap, and Section 217.
Cross-BorderTax checklist for Canadians moving to Mexico. Departure tax, RRSP, TFSA, pensions, the Canada-Mexico treaty step-up election, and SAT registration.
Cross-BorderThe tax checklist for Canadians moving to Portugal. Departure tax, RRSP, TFSA, pensions, the Canada-Portugal treaty, and what replaced the NHR regime.
Cross-BorderThe tax checklist for Canadians moving to the UK. Departure tax, RRSP, TFSA, pensions, the Canada-UK treaty, and the Statutory Residence Test.
Cross-BorderUS businesses do not issue a 1099 to Canadian contractors who provide a W-8BEN. The W-8BEN claims the treaty exemption and eliminates US withholding.
Cross-BorderYes, Americans can own Canadian property, but a federal ban on buying homes in urban areas runs to January 1, 2027, and BC and Ontario add 20% to 25% foreign buyer taxes.
Cross-BorderIf you were born outside Canada to a Canadian parent, you may already be a Canadian citizen by descent. Under the Citizenship Act.
Cross-BorderUS citizens in Canada file two returns but rarely pay two full tax bills. The short answer is no, not on most income. Covers key rules, filing.
Cross-BorderCanada's version of an EIN is the CRA business number (BN). A Canadian company that needs a US EIN files Form SS-4 by phone, fax or mail, pays no fee, and can get it on the call.
Cross-BorderFATCA requires foreign banks to report accounts held by US persons to the IRS and requires US persons to report foreign financial assets on Form 8938.