Cross-Border CPA Firm Serving Canada & USA
Cross-Border CPA in Canada & USA
Cross-Border CPA in Canada & USA
Cross-Border CPA in Canada & USA
Cross-Border CPA in Canada & USA
Cross-Border CPA in Canada & USA
Cross-Border CPA in Canada & USA
Cross-Border CPA in Canada & USA

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Cross-Border CPA Firm Serving Canada & USA

Insights and News

  • Navigating Timing Traps: Superficial Losses in Canada vs. Wash Sales in the U.S.

    When selling investments to harvest a tax loss, the timing of your next move is everything. Both the Canadian and U.S. tax systems have “anti-avoidance” rules designed to prevent taxpayers from claiming a loss while maintaining their economic position in an asset. At Galvin CPA & TAX, we help cross-border investors navigate these rules to…

  • Navigating the Tax Maze: Understanding Corporate Stop-Loss Rules

    When a business undergoes restructuring or transfers assets between affiliated entities, it’s easy to assume that any resulting losses can be used to lower your tax bill. However, the Canada Revenue Agency (CRA) has strict Stop-Loss Rules designed to prevent taxpayers from “realizing” a loss for tax purposes while still effectively controlling the asset. At…

  • Turning Investment Losses Into Tax Wins: Understanding ABILs

    When a small business investment doesn’t go as planned, the Canadian tax system offers a powerful silver lining that many investors overlook. While typical capital losses are strictly limited, an Allowable Business Investment Loss (ABIL) can be your most valuable tax-planning tool. At Galvin CPA & TAX, we help you navigate these complex rules to…

  1. Professional services. By contacting an accounting agency, you can count on their experts – your issues will be solved on time and as needed. You don’t have to worry about this.
  2. Saving time and money. There is no need to waste your time studying different aspects of accounting – entrust it to professional consultants. You will save your business time and money as the cost of their services is much lower than possible penalties.
  • – Chartered Accountant, CA;
  • – Certified General Accountant, CGA;
  • – Certified Management Accountant, CMA.
Cross-Border CPA in Canada & USA
Cross-Border CPA in Canada & USA
Cross-Border CPA in Canada & USA
Cross-Border CPA in Canada & USA
Cross-Border CPA in Canada & USA

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