It’s no secret that many Americans living in Canada are unhappy with their U.S. tax compliance costs and information reporting burdens. For those that are voting with their feet and renouncing their U.S. citizenship(i) or terminating their long-term U.S. residency(ii) (“expatriating”), careful planning should be undertaken prior to expatriating to avoid costly surprises. A few […]
The tech sector continues to grow healthily. It is a competitive marketplace where companies hustle for position, each with their own idea and end goal of starting to generate profitable revenues. A significant number of start-ups continue to receive funding to assist their research, testing and ultimate release of new products. Amid all the excitement […]
DMCL CPA is pleased to announce that Rick Bennett Tax Services Ltd., has joined our US Tax Group. Rick Bennett brings over 30 years of experience in Canadian and US cross-border taxation services. With our combined experience and expertise, the DMCL US Tax Group is able to provide an extremely wide range of US tax services […]
DMCL CPA is pleased to announce that Brian Legge, CPA, CA has been admitted to the partnership effective January 1, 2017. Brian joined DMCL as an articling student in 2001. He received his CA designation in 2006. Brian has over 16 years of experience providing accounting, assurance, tax and business advisory services to owner-managed businesses, not-for-profit […]
Organizing your Personal Income Taxes Our Personal Tax Return Checklist is designed to help you make this process as easy and efficient as possible. It also assists us in ensuring that we have information that is as complete and accurate as possible to ensure your taxes are minimized and correctly reported. If you have any […]
DMCL CPA is proud to congratulate our 2016 CFE writers! DMCL partners and staff are proud of your dedication and hard work. We look forward to your future achievements as valuable members of our team. Left to Right: Christina Chi, Karen Gill, Carly Matheson, Alex Akeroyd, Heather Sim, Margaux Hennebery, and Karen Luu.
Now that Donald Trump is President-elect, and as Republicans will control both the House and Senate during at least the first two years of Trump’s administration, the prospects for US tax cuts for everyone has never been better. The items below are based on president-elect Trump’s statements and proposals during the campaign. Actual US tax […]
Written by: Ken Chong, CPA, CA Mr. Big is a very successful businessman and has accumulated a significant amount of retained earnings in his company, BigCo. BigCo invests its retained earnings primarily in deposits and investments held by BigCo’s commercial bank, First Bank. Instead of taking money out of his company to buy a new […]
The Department of Finance announced significant changes related to the claiming of the principal residence exemption by trusts on October 3rd 2016. The purpose of this memo is to discuss these changes and to alert the reader as to what can be done to mitigate the effects of these changes on the future claim of […]
Bill Morneau, Minister of Finance, presented the new Liberal government’s first federal budget on March 22, 2016.