Every employer in Canada has to remit the CPP contributions and the EI premiums in addition to the income tax that is deducted from the employees’ income and your share of CPP contribution and EI premiums. This means that the employer pays salaries and certain benefits to the employees, and the employer is required to calculate and deduct the amount and remit the source deduction every time a

The Offshore Voluntary Disclosure Program (OVDP) is an initiative by the IRS to assist individuals, estates, and businesses into Offshore and Foreign Compliance. But what does it mean? Offshore refers to anything that is not domestic, meaning, in the IRS’s perspective, you have money overseas. The money can be in the form of foreign accounts, investments, or property.  Voluntary means that you

Offshore asset protection may seem like one of those grey-area, perhaps not-quite-so-legal things companies do to evade taxes and smuggle profits, but it really isn’t such a sinister concept. Simply put, offshore asset protection provides you with a way to take further control over your assets—and, more importantly, to take further control over the protection of those assets. It would be silly

When it comes to expat taxes for American citizens living abroad, the questions can mount up pretty quickly. The ways in which your life overseas interacts with your duty as an American taxpayer gets very complicated, which is why so many expats have many questions about how to stay compliant with the IRS without paying too much. Here are some answers to the most common questions expats have about

Offshore asset protection, when done correctly, is the best way to protect your wealth from frivolous lawsuits, identity theft, and other potentially devastating attacks. However, not nearly enough people practice this proven technique, leaving them vulnerable.

By placing your wealth in a series of trusts, corporations, and other legal entities, and moving it offshore, you can ensure that you and

The R&D credit is a boon for companies involved in research. But do you know this big tax break is also intended to boost domestic manufacturing? Many manufacturers have an outdated understanding of the R&D tax credit laws and the financial incentive is not limited to white collar research only.

Despite the name Research and Development, the tax incentive extends