Archives: Questions

Question

Working remotely outside Canada

Restricted content

transfer-house-from-corporate-ownership-to-personal-owner

Restricted content

What are my options?

Restricted content

Sale of business

Restricted content

Is renting 30% of my principal residence a bad idea?

Is Renting 30% Of My Principal Residence A Bad Idea? Does That Expose The Property To Future Capital Gains Charges?

T 1135 reporting for sares held in a pvt ltd company

Restricted content

RC268 Form cross border commuter

hello, how is the page 2 of RC268 filled out? Is 401k a money purchase plan? Is the employer contribution to 401k required to be filled on line 2 on page 2 of RC268? Is the expectation to only enter 401k match or do other employer contributions to non-401k accounts also need to be filled? … Continue reading RC268 Form cross border commuter

Do I have to sell my real estate holding company to severe my ties with Canada (residential status) if I move to another country?

Restricted content

Land transfer Tax

Restricted content

mortgage is under both names, is it possible rental property income, can it be under my name only

Hi There, Me and my spouse bought a rental property together and the mortgage is under both names, can I file rental income under my name only as my spouse is currently working overseas, we both are Canadian citizens, thanks

can NR claim HST rebate

I bought preconstruction condo and being leased out, I’ve been in the States and working over a year ( I am Canadian Citizen) Can I claim HST Rebate after final closing

Is claimimg cCA on rental property not a good idea if it’ll be converted to personal use?

If I’ve claimed CCA in the last 2-3 years on my rental property but we have the intention of making it a principal residence, should we not claim CCA? If this is the case, would you just file a t1 adjustment to remove the CCA so we can claim future exemptions?

Non-Resident Federal 48% Surtax

Hi Allan, I was a full year non-resident of Canada for 2023 living in the US. However, I received a 2023 T4 with employment income from Ontario due to my previous employer going public. The company does have establishment in Ontario. I filed my non-resident return with the CRA expecting to pay Federal + ON … Continue reading Non-Resident Federal 48% Surtax

Canadian Rental Income for Non Resident in US

I have a rental property in Canada and I live in the US. Didn’t knew about the 25% tax withholding on gross rental income. What are my options now? How can i pay tax to CRA. I would also like to claim a tax refund under Section 216 after deducting expenses like mortgage interest, maintenance, … Continue reading Canadian Rental Income for Non Resident in US

transfer of property from CCPC to its owners

We, my husband and I, run an incorporated small business. We are both owners and shareholder of the business. The company owns 2 properties, houses. Can we, upon the winding up the business due to retirement, transfer the properties to ourselves? We really would like to keep them, and prefer not to sell. Can the … Continue reading transfer of property from CCPC to its owners
wpChatIcon

Pin It on Pinterest