Alexander Marino appeared on CONNECT With Sarah Crosbie on Corus Radio on August 25, 2026, to discuss to discuss US Citizenship Renunciation in wake of the Canada-US trade war.
Alexander Marino is quoted in The Guardian article:“‘I don’t want to be part of a dictatorship’: the Americans queueing up to renounce their citizenship”, April 28, 2026.
Alexander Marino was a guest on the “This is Ottawa” CBC podcast episode titled ‘I feel alienated from my U.S. identity’ on March 23, 2026.
Alexander Marino was interviewed for the CBC news story “Dual citizens weigh Trump, taxes in decision to renounce US citizenship” on March 23, 2026.
Kim GC Moody was a guest on The Current with Matt Galloway on CBC Radio, on September 22, 2025 discussing “Why can’t you get a CRA agent on the line?”
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Macro forces affecting taxpayers
I’ve said it before and I’ll say it again…the tax profession is extremely difficult. Like society, it is continuously changing and such changes challenge taxpayers and their advisors to keep up to date and respond proactively. In the past, many people in need of tax advice would simply turn to their accountants given the fact that many accountants are schooled in tax return preparation and therefore, by extension, such people assume that accountants are tax experts. However, tax return preparation and tax advisory services are truly two different service areas.
The devil’s in the details: The new form T1135 is released
Earlier this week, the CRA released the revised Foreign Income Verification Form (“T1135”) as had previously been announced by the Federal government in their 2013 Budget. Consistent with our blog posted on March 26, 2013, taxpayers are now required to report additional information which makes the T1135 more comparable to its US cousin – the FBAR.
Underwater part II: Additional taxpayer relief from the CRA?
The recent announcement by Ministers Shea and Kenney yesterday in a press release (the “Press Release”) is much welcomed by Albertans as the Province has been hit by the worst flooding in its recent history. However, the Press Release is ambiguous as to exactly which taxpayers and what filings will qualify for the relief measures announced.
The FBAR is NOT in the mail
US citizens who live abroad, including Canada, need to be aware of a quirk of this year’s calendar that accomplishes the impossible – adding pressure and confusion to the FBAR filing process. While US tax law is not known for its benevolence, it does at least offer the “mailbox rule”, which (generally) considers a document submitted on the date that it is postmarked (international filers should check with their advisors to determine how this applies in their specific locale). The FBAR, however, has its origins not in US tax law but rather in the Bank Secrecy Act and is not subject to the mailbox rule.
Underwater? CRA relief may be available
Southern Alberta was recently hit by the worst flooding the province has ever seen according to Premier Redford – but in true Alberta spirit, the Province is rallying together to recover from this natural disaster! With respect to tax obligations, it is important to note that if you or your business were unable to meet some of your tax obligations due to the recent flooding, relief from the Canada Revenue Agency (the “CRA”) may be available.
Proposed changes to the taxation of Canadian testamentary trusts
In the 2013 Federal Budget, the Department of Finance announced that the Canadian government would review how testamentary trusts are taxed and would release a consultation paper at a later date. On June 3, 2013 the consultation paper was released by the Department of Finance and can be viewed here. The Department of Finance is seeking input from interested parties no later than December 2, 2013. For practitioners who practice in this area, the short consultation paper will no doubt be mandatory reading since the proposed changes raised in the paper, if implemented, would be a landmark change for testamentary trusts.
Alexander Marino appeared on CONNECT With Sarah Crosbie on Corus Radio on August 25, 2026, to discuss to discuss US Citizenship Renunciation in wake of the Canada-US trade war.
Alexander Marino is quoted in The Guardian article:“‘I don’t want to be part of a dictatorship’: the Americans queueing up to renounce their citizenship”, April 28, 2026.
Alexander Marino was a guest on the “This is Ottawa” CBC podcast episode titled ‘I feel alienated from my U.S. identity’ on March 23, 2026.
Alexander Marino was interviewed for the CBC news story “Dual citizens weigh Trump, taxes in decision to renounce US citizenship” on March 23, 2026.
Kim GC Moody was a guest on The Current with Matt Galloway on CBC Radio, on September 22, 2025 discussing “Why can’t you get a CRA agent on the line?”
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