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OAS/CPP/Bank Savings Account Interest only source of income as a Non Resident- NR4 slips. Tax filing as a Non Resident. Is it required?

Parent is a non resident for 2025. Left permanently in April 2025 & won’t be coming back to Canada again. Only source of income from Canada is OAS/CPP/Bank Account Interest. He will be getting OAS & CPP NR4 slips and 25% withholding tax on it. He doesn’t want that 25% withholding tax back. Savings bank … Continue reading OAS/CPP/Bank Savings Account Interest only source of income as a Non Resident- NR4 slips. Tax filing as a Non Resident. Is it required?

A non residenct Canadian cirizen

Hi, thanks in advance 1. I am Canadian non resident fort many years 2 my mom was an owner or the house where she lined from 1982 until she passed away in 2025. She lived there and so did I. 3. Many years ago I became a non resident 4. She made me a co-owner … Continue reading A non residenct Canadian cirizen

Tax implications in selling property as a partial resident

My husband and I co-own a house in Canada and are planning to move to India in 2026 from Canada. We have our Canadian citizenship and the house is our primary residence currently. If I move to India on a job offer starting from Jan 2026 but my husband continue to live in our house … Continue reading Tax implications in selling property as a partial resident

Cross Border Structuring

Can you advice on what’s the best way to expand into US if i have a Canadian Corporation. Would an LLC make more sense or a US C-Corp if the Corporation will own shares of US Corp. I heard there are issues with Foreign Tax Credits claim? Also, Any thoughts on 5471 or 5472 Filing … Continue reading Cross Border Structuring

part iv tax circularity

I need your advice and, if necessary, assistance to correct/confirm tax treatment for a pre-sale reorganization that preceded the sale of Opco (closed end of aug 2025). Below is the full factual background, what we did, what has posted on the T2s, and the specific questions I need you to answer: Facts & timeline Opco: … Continue reading part iv tax circularity

Non resident of Canada- Personal Tax return

Left Canada permanently in the year 2025. Stayed for less than 183 days in the tax year 2025, and have no significant residential ties in Canada. Did not earn any income in the year 2025. And donot have any other forms of income like RRSP/employment/rental/business etc. I donot owe any tax so far – until … Continue reading Non resident of Canada- Personal Tax return

How to Update your date of departure on a filed return

I left Canada in 2023 and mistakenly filed my tax return for that year as a non-resident. In hindsight, I should have filed as a resident (emigrant) and included my date of departure in the return. I only became aware of this error recently. I contacted the CRA to inquire about the status of my … Continue reading How to Update your date of departure on a filed return

Not filled the non resident forms NR5 in tine 2021-2025

Hi Allan, I am a canadian and Romania citizen very ill, on CPP Disability, left Canada în 2017 and from 2021 i was charged 15 percent treaty tax. I stilul have a bank account in Canada for safety, i Did not fill up the forms NR5 sincer 2021. I want to sens the form for … Continue reading Not filled the non resident forms NR5 in tine 2021-2025

Non resident of Canada with Canadian bank interest

Hello, I am a Canadian citizen who moved to Japan, but only on a temporary spouse visa which gets approved for 1 or 3 years and has to be renewed each time. If my spouse passes away or divorces, I have to return to Canada. Since it’s not entirely a stable visa, I prefer to … Continue reading Non resident of Canada with Canadian bank interest

Did I get the right advice from CRA call centre agent? Regarding EMIGRANT return?

1. Left Canada for my home country on January 21, 2021. Did not file an Emigrant return or inform CRA about my departure date. 2. I had no house, no RRSP, no TFSA, no stocks, no Mutual Funds, no pension, no OAS, no CPP, no Capital Gains when I left. 3. I only had a … Continue reading Did I get the right advice from CRA call centre agent? Regarding EMIGRANT return?

Can an Inheritance be split 50/50 with a spouse in a non-registered Join account or do attribution rules apply?

I am not clear if attribution rules apply to an inheritance that is invested in a non-registered account. I believe the money is marital property if its deposited into a joint account and is not considered income. How does the CRA view this?

Capital Gains on sale of foreign Cottage.

I inherited a cottage in Sweden in 1986, valued to SEK 46000 (CAD 5.12 kr). In 1990 we renovated to a cost of CAD 20000. Only upkeep since then. This cottage is not deeded, the land is rented. I own it with my husband 50/50 split. We both pay yearly taxes in Sweden. We have … Continue reading Capital Gains on sale of foreign Cottage.

Left Canada in May 1999 – Did not file a Departure date and Emigrant return. How do I rectify this now?

I have a similar situation to a question asked May 9th and would like to ask for best course of action for the specific case to correct the situation. (1) Left Canada in 1999 on a TN visa to work in the US. After one year was converted to H1B VISA. Obtained Green Card and … Continue reading Left Canada in May 1999 – Did not file a Departure date and Emigrant return. How do I rectify this now?

Left Canada in May 1999 – Did not file a Departure date and Emigrant return. How do I rectify this now?

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Instalment Corporate tax payments and CCPC

I researched that this scenario: An Alberta incorporated is a CCPC and makes Small Business Deduction claim and its directors reside in Alberta. It earns less than $500,000 in income. But then, all of its Directors emigrate and start residing abroad. The business is still managed in Alberta and has address in Alberta. In this … Continue reading Instalment Corporate tax payments and CCPC

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