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August 16, 2012

What you need to know about the new 3.8% Medicare Surtax in 2013

Beginning with the 2013 tax year, a new 3.8% Medicare “surtax” will likely apply to all taxpayers whose net income exceeds a certain “threshold amount.” This is currently expected to be $200,000 for single taxpayers and $250,000 for married taxpayers
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Are Your 401(K) Contributions Deductible in Canada?

You might recognize this situation. You are a Canadian resident working in the USA on a TN visa. Your employer offers a 401(K) plan that includes a matching contribution. You know contributing to the 401(K) plan lowers your taxable income in the USA. Does the same hold true for
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