Serbinski Accounting Firms

With ODV - you pay the 27.5 or 12.5 on the maximum of the account balance, plus the tax, plus interest on the back tax owed, plus a 20% accuracy fee.

I just realized after reading many other posts and documents that the RESP is considered a Grantor Trust - and since I am the owner, I will owe taxes on any and all income - which is defined as the income that was reinvested over the past 5 years and the government grants received every year (pretty ...

I am in the same boat. I just found out about FBAR AND 8891 AND 3520a - I have never filed them (nor did my accountants at the time) I am a USC living in CND as a permanent resident since 2004. Most of my accounts are small (under 2K) chqing and savings, but I have an RESP since 2007 (my 7 yr old as ...