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However, both countries have developed tax policies independent of one another. What is taxable in one country may not be taxable in the other and vice versa, resulting in the increased possibility of double tax exposure.
Because of complications like these, some American citizens residing in Canada have failed to remain compliant with U.S. tax regulations. A new IRS procedure is attempting to eliminate, or at least reduce, the penalties for non-compliant expatriates.
Toronto, ON – Collins Barrow Toronto is pleased to announce Michael Nicoló, CPA, CA, has joined the firm as a partner in its Audit and Assurance group.
If you find yourself behind the wheel of a car for work purposes, there’s a good chance your employer (a) provides the automobile or (b) pays you to use your own vehicle. Both options are viable, but they also present different income tax consequences — for employer and employee alike.
Toronto, ON – Collins Barrow Toronto is pleased to welcome consulting veteran Alex Kotsopoulos to lead its newly created Infrastructure Economics service. Falling under the firm’s Infrastructure Advisory umbrella, this latest offering bolsters the firm’s capabilities to provide value-added service to clients operating in this industry.
Halifax, NS – Collins Barrow Nova Scotia Inc. extends its congratulations to long-time partner Mark Marshall on the recent acquisition of Halifax Transfer, where he has moved on to serve as president and owner.