Update to changes to U.S. expatriation fee
It was just announced by the U.S. State Department that the fee that one pays at the U.S. Consulate where you formerly expatriate citizenship will be reduced effective April 13, 2026 to $450 USD from $2,350 USD. The $2,350 USD fee was raised from $450USD in 2015. A reduction was considered in 2023 however it […]
Update to changes to trust reporting
The 2025 fall budget has postponed the filing of T3 returns for “bare trusts” to 2027 for taxation years ending on or after December 31, 2026. This means December 31, 2026, filings would be due by March 31, 2027. Generally speaking, we are dealing with T3 filings for bare trusts where there is a trustee […]
