Lots of Canadians and other international players are lured to the United States by the promise of big winnings on the game shows there. Still, contestants don’t always realize that when they win, so does the American tax man through the game show winnings tax rate that’s usually around 30%.
However, there’s no need to fret since a tax recovery company can help you get some of your money back from the Canadian side of the border. Of course you need to be sure the company that you’re considering is professional and knows all about getting you a game show winnings tax rate refund. Making sure they have the necessary experience is often about looking for testimonials on their website and a short and simple application form that helps you to get started.
Reputation and experience go hand in hand with these companies and if the company is founded and owned by someone that knows their stuff like a Chartered Accountant, all the better to get you the refund you deserve.
You need to do your part to get a refund and offset the game show winnings tax rate and a good company will let you know all of the eligibility requirements necessary so the process runs smoothly.