Cadesky Tax is an independent tax consulting firm.

About Cadesky

About Cadesky Tax

We work with a wide range of clients including private businesses, owner-managers, multi-jurisdictional families and businesses, multi-national corporations and high net worth individuals to help them with tax efficient strategies. Our services include estate planning, corporate restructuring, international and Canada-US cross border planning and transfer pricing. Through Cadesky US Tax, we assist with US tax filings.

With our many years of experience, our professional team aims to deliver excellence in tax planning services. In addition to working in tandem with the client’s existing professional team, we have a wide network of professionals in Canada, the US and internationally which allow us to provide seamless services. We work in collaboration with the International Tax Specialist Group (ITSG). This international network enables us to access experienced Tax Professionals in over 30 countries around the Globe.

What's New

Canada’s Financial Support During the COVID-19 Pandemic

May 15, 2020

The Canadian federal government has announced, in addition to extensions to some filing and payment deadlines, a number of measures to financially help Canadian individuals and businesses survive the economic impact of the COVID-19 pandemic. In addition to the extended filing and payment deadlines, several programs were created to support individuals, businesses and specific sectors: Limited Wage Subsidy, The Canada Emergency Wage Subsidy, The Canada Emergency Business Account, The Canada Emergency Commercial Rent Assistance Program, The Business Credit Availability Program, The Large Employer Emergency Financing Facility, The Canada Emergency Response Benefit and The Canada Emergency Student Benefit...

March 27, 2020 Update to COVID-19 Related Tax Extensions

March 27, 2020

In response to queries regarding filing matters that seemed not to be addressed in the CRA’s previously announced tax filing and payment extensions on March 27, 2020 the CRA issued welcome clarifications. The CRA has agreed to defer to June 1, 2020 a number of additional administrative tax actions that are due after March 18, 2020. The March 27, 2020 CRA release states that, unless otherwise noted, the administrative actions to which the extension applies “include the filing of returns, forms, elections, designations and responses to information requests”. The CRA has summarized their updated positions in a schedule on their website...

March 24, 2020 Update of COVID-19 Related Tax Extensions

March 24, 2020

The CRA has updated its table of payment and filing extensions. Please note that, contrary to the date mentioned in the government’s prior release about extensions, tax payments for many entities are now confirmed to be due “by September 1, 2020” rather than “After August 31, 2020”. Of important note is the fact that there are, currently, no extensions to the following filing due dates...

Newsletters

U.S. Tax Tip: Forms, Forms and More Forms

Mar 19, 2021

In this U.S. Tax Tip we are going to look at expanded Form 8858. Form 8858 has grown, over the years, into a comprehensive and complex filing. This U.S. Tax Tip is not meant to be a comprehensive review of Form 8858 nor an in-depth analysis of relevant U.S tax law. A treatise could be written with respect to each. Rather, in light of the expanded January 1, 2018 filing requirement and the lack of specific IRS guidance we wish to highlight some issues that our readers may not be aware of. Unfortunately, as is typical, neither Congress, the United States Treasury nor the Internal Revenue Service consider the impact of these rules (and the associated compliance costs) on U.S. persons who live abroad. A lot of information is required to accurately complete the form and significant penalties may apply for non-compliance.

U.S. Tax Tip: IRS Extends Personal Filing Deadline

Mar 18, 2021

On March 17, 2021, the U.S. Internal Revenue Service (“IRS”) issued IR-2021-59 whereby the U.S. Treasury Department and the Internal Revenue Service announced that they have automatically extended the individual federal income tax filing deadline to May 17th, 2021 from the original due date of April 15, 2021.

U.S. Tax Tip: What a Start for 2021!

Feb 05, 2021

Welcome to the New Year and our first Cadesky U.S. Tax Tip for 2021.  Everyone here at Cadesky U.S. Tax hopes that you, and your loved ones, managed to keep safe (as much as possible!). It has certainly been an interesting start for 2021!

On January 5, 2021 the State of Georgia held runoff elections for their two Senate seats.  Republican David Purdue and Democrat Raphael Warnock, led the respective popular vote held on November 5, 2020.

Tax Tip: New Trust Reporting Requirements Starting 2021

Oct 09, 2020

As part of the Canadian government’s efforts to combat money laundering, aggressive tax avoidance and tax evasion activities relating to trusts, enhanced income tax reporting requirements for certain trusts will be required for the 2021 and subsequent taxation years.  The new rules also contain harsh penalties for knowingly fail to comply with the new trust reporting requirements or non-compliance due to gross negligence…