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Tax Planning: U.S. Closer Connection Rules

U.S. tax rules utilize the “Substantial Presence Test” (SPT) as a method to determine tax residency. This test counts the number of days that an individual is physically present in the U.S. over a three-year period. For 2025, the SPT formula is calculated as the...

Your 2025 T1 Income Tax Guide

The April 30, 2026, deadline to file your 2025 personal income tax return is quickly approaching. As a result of changes in tax laws and the ever-increasing complexity in preparing personal tax returns, please gather your required tax information (as outlined in the...

Filing your 2025 Form 1040 – U.S. Individual Income Tax Return

The deadline to file your 2025 U.S. Form 1040 – U.S. Individual Income Tax Return is April 15, 2026. If you reside outside the United States on that date, you are automatically granted an extension to file until June 15, 2026. Please note that any U.S. tax owing must...

Partnership Year-Ends – Tax Changes

W hat are the tax implications of a member of a corporate partnership having a fiscal yearend different from that of the partnership? The latest federal budget provides a new answer to that question. Previously, partnerships owned by corporations could defer taxes on...

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Donations of Flow-Through Shares

Registered charities may receive fewer donations when proposed changes introduced in the March 22, 2011 federal budget come into effect. These proposals, which are now in draft legislation, aim to reduce the tax benefits of donating publicly traded flow-through shares...

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Using Social Media in Your Business

Using Social Media in Your Business

Social media is acknowledged by most business owners today, yet there is still confusion over how it should be used. According to Systems Administrator Bryan Walderman, the question is not if, but how you should use social media as a marketing tool. “Social media is...

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