1 (604) 455-4000 Find our Address info@kvdb.com

US Tax
05
Jan
2022
How to obtain an Individual Tax Identification Number (ITIN)
Posted On January 5, 2022  By KVDB  And has No Comment

An Individual Taxpayer Identification Number (ITIN) is a tax processing number, issued by the Internal Revenue Service, for certain resident and nonresident aliens, their spouses, and their dependents.  It is a nine-digit number beginning with the number “9” and is formatted like an SSN (Social Security […]

Read More

05
Jan
2022
What you should know before selling U.S. real estate
Posted On January 5, 2022  By KVDB  And has No Comment

Are you aware of the tax consequences of selling your U.S. real estate properties?    It is important to be aware of potential U.S. and Canadian tax issues to avoid disastrous consequences. One very important thing many people neglect is to retain complete records of the property […]

Read More

19
Jan
2017
U.S. Citizens and Canadian Tax Free Savings Accounts
Posted On January 19, 2017  By KVDB  And has No Comment

I’m a US citizen living in Canada – should I invest in a Canadian TFSA? This is a great question, and one we get all the time. Let’s consider for a minute the main benefit of investing in a TFSA – income or gains earned under […]

Read More

01
Sep
2016
Changing Due Dates for Entity Level Tax Returns
Posted On September 1, 2016  By KVDB  And has No Comment

In the summer of 2015 the US Congress passed legislation which modified the due dates for several common tax returns. The provisions, included as a revenue provision in a highway bill (Surface Transportation and Veterans Health Care Choice Improvement Act of 2015) will apply to 2016 […]

Read More

12
Jan
2016
FIRPTA CHANGES IMPACTING NONRESIDENTS SELLING U.S. REAL PROPERTY
Posted On January 12, 2016  By KVDB  And has No Comment

Two recent changes, one legislative and the second administrative, have the potential for a significant cash flow impact on nonresident taxpayers selling U.S. real property. As we’ve previously discussed, there are withholding tax implications attached to nonresidents selling U.S. real property under the Foreign Investment in […]

Read More

21
Jan
2015
Voluntary Disclosure under the Streamlined Programs
Posted On January 21, 2015  By KVDB  And has No Comment

2014 Changes to Streamlined Program spells trouble for Canadian “Snow Birds” On June 8th 2014, the IRS announced updates to the Streamlined program that will help many Americans achieve tax compliance with their U.S. tax filling requirements.  There are now two different Streamlined programs. The Streamlined […]

Read More

21
Aug
2014
What is FATCA
Posted On August 21, 2014  By KVDB  And has No Comment

The Foreign Account Tax Compliance Act, better known as FATCA, was passed in 2010 as part of the HIRE act.  Starting July 1, 2014 foreign financial institutions (FFI) are required by the U.S. government to report information regarding non U.S. accounts of all U.S. citizens (living […]

Read More

21
Aug
2014
IRS Now Tracking Entry and Exit at U.S. Border Crossings
Posted On August 21, 2014  By KVDB  And has No Comment

Many Canadian individuals are aware that they must keep track of how many days they are present in the U.S. because nasty tax and non-tax surprises await those who spend too many days in the United States.  This is especially the case for those individuals who […]

Read More