On March 27th 2020, President Trump signed into law the Coronavirus Aid Relief and Economic Security (“CARES”) Act which contains certain US tax relief, low interest and forgivable loans and other direct subsidies to US businesses and individuals to deal with COVID-19. These measures could provide relief for our US clients so we should make […]
RESPs and TFSAs for US Citizens Living in Canada
Are TFSAs and RESPs US Tax Traps? The headlines tell us (Canadian residents over the age of 18) why we should contribute to a Tax Free Savings Account (TFSA) every year. They also tell us how to support a child’s future education by opening a Registered Education Savings Plan (RESP). As attractive as TFSAs and […]
