Ever look at your paycheck and wonder why the amount you actually take home is a lot less than what you earned? That’s where withholding tax comes in.
The 2026 tax season opened Jan. 26, and there are a few new federal withholdings filers need to be aware of.
Canadian corporations making dividend payments should ensure that they are compliant with U.S. federal backup withholding and reporting requirements to avoid potential U.S. federal income tax issues.