FBAR and FATCA Checklist for Canadians
TL;DR ● An FBAR and FATCA checklist starts with confirming whether you count as a US person. ● FBAR (FinCEN Form 114) reports
Samer Tohme
September 30, 2026
TL;DR ● An FBAR and FATCA checklist starts with confirming whether you count as a US person. ● FBAR (FinCEN Form 114) reports
TL;DR ● Small business tax deadlines in Canada follow separate schedules for corporate, sales tax, and payroll. ● T2 returns are due six
TL;DR ● Small business tax in Canada spans corporate, sales, payroll, and personal filings. ● Eligible CCPCs access a reduced federal plus provincial
A CPA covers employer payroll obligations in Canada for 2026: source deductions, remittance deadlines, T4 filing, director liability, and the employee vs contractor trap.
The disability tax credit in Canada is worth $1,905 federally in 2026. A CPA covers eligibility, Form T2201, the retroactive claim strategy, and related credits most people miss.
Most landlords lose money incorporating rental property in Canada. A CPA explains the 38.3% specified investment business trap, when a corp actually works, and the transfer costs.
Pension income splitting can save retired couples thousands per year. A CPA explains the rules, eligible income by age, Form T1032, and a worked example.
Canada’s anti-flipping rule taxes property sold within 365 days as business income, not capital gains. A CPA covers exemptions, assignment sales, and planning.
GST HST registration is mandatory at $30,000 in revenue but voluntary registration can save you money. A CPA explains the threshold, ITCs, and what happens if you register late.
Disagree with a CRA reassessment? A CPA walks through the notice of objection process, deadlines, what to include, and what happens if the CRA denies your objection.
An estate freeze in Canada locks your company’s current value into fixed-rate shares and shifts future growth to the next generation. A CPA explains Section 85 vs 86, freeze shares, and the 21-year trust rule.
Non-resident rental income in Canada requires 25% withholding unless you file an NR6. A CPA walks through the full tax lifecycle from purchase to sale.
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