Blog - Phillip & Company LLP

May 18, 2026

Canadian Foreign Tax Credits: Why CRA May Not Allow the Full Amount

Paying tax overseas does not automatically mean CRA will allow the full foreign tax credit. This is the number 1 area of CRA scrutiny. Beware!

Jan 30, 2026

Australian Trusts and Moving to Canada: A Tax Trap for the Unprepared

For Australians, trusts are a familiar and often very effective way to own businesses and investments. For Canadians, trusts exist too—but they are used very differently. When Australians move to Canada while owning an Australian trust, those differences collide, and the result is often unexpected compliance burdens, double taxation, and costly restructuring. This is one of the most common and most misunderstood cross-border tax issues we see.

Dec 08, 2025

The CRA’s Voluntary Disclosure Program Just Changed — Here’s What It Means for You

If you’ve made a mistake on your taxes — forgot to report income, missed a filing, or realized something was wrong in a past return — the CRA’s Voluntary Disclosure Program (VDP) is how you can come forward before they catch it.

Nov 17, 2025

New - Canada Australia Tax Podcast with Jonathan Bell and Mitchell Kelsey

Whether you're planning a move to Canada, already settled there, or preparing to return home to Australia, this episode aims to help you navigate the complexities of cross-border finances with confidence.

Nov 06, 2025

2025 Canadian Federal Budget

The 2025 Canadian federal budget, presented on November 4, 2025, includes significant tax changes for both individuals and businesses.

Sep 02, 2025

The Incorporated Professional: Unlocking Tax Benefits for Canadian Doctors, Dentists, and Lawyers

For Canadian doctors, dentists, and lawyers, practicing through a professional corporation (PC) offers a range of strategic financial advantages, primarily centered around tax efficiency and wealth accumulation.

Aug 12, 2025

Understanding the Australia–Canada Tax Treaty?

Why do I need this treaty and what does it do for me?

333 Clark Avenue West
Suite 516
Thornhill, Ontario
L4J 7K4

Main Switchboard
416-492-9000
Fax 416-492-1170

Milan Phillip
CPA, CA
416-492-9000 x1
direct 416-919-1515

Jonathan Bell
CPA, CA, CPA (Illinois)
416-492-9000 x2
direct 416-628-2968

John Pagliaroli
416-492-9000 x3
direct 416-496-7270