Blog Posts

Passports: The IRS Continues to Tighten the Screws

Tuesday, January 31, 2012 by Kevyn Nightingale
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US law requires that a US citizen show a passport in order to gain entry to the United States. However, it has been very common for US citizens living in Canada to use their Canadian passports when they’ve crossed the border going into the United States. Many don't even have US passports.
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Specifics of the OVDI Only Raise More Concerns

Friday, December 23, 2011 by Kevyn Nightingale
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After several weeks speculating about the implications of the IRS’ new “incentives” for Americans in Canada filing belated tax returns. The IRS has now confirmed that the Fact Sheet was the guidance the Ambassador had alluded to when he promised further relief.
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Salary vs Dividends: Which is Right for You?

Friday, December 09, 2011 by Regan Exner
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When it comes to owner-managed corporations, the salary vs. dividends compensation conundrum is one of the most frequently discussed topics between clients and their accountants. There are clear advantages and disadvantages to both, but choosing which is right for you will depend on a number of personal factors and preferences.
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