This training is to provide the procedures for individual for filing departure tax return and deferring the payment of tax on income relating to the deemed disposition of properties. It also provides an explanation of the possible securities that CRA may accept.
These documents provide 3 day personal tax training that covers the most common case for Canadian personal tax and non-resident personal tax return (including departure return emigrant and entry return for immigrant).
This training material covers the procedures involved in obtaining a Clearance Certificate in respect of a deceased person’s assets. A Clearance Certificate must be obtained prior to disbursing assets of the deceased to his/her family members.
Use this template to prepare a Subsection 45(2) election. When a taxpayer changes the use of his property from a principal residence to a rental property, there is a deemed disposition at that time. However, so long as the taxpayer did not claim CCA in respect of the property and is a resident of Canada, … Continue reading 45(2) Election Change in Use