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Unde rerum quia et q

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How do Short Option Premiums move through the 3-statements?

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how do i enter tax paid for last year in T2

My accountant did not provide tax liability for year 2022 and that ended to incorrect closing balance of retained earnings to carried forward in 2023. How advisable to show tax of previous year under “prior period adjustments”? Is there any better option to declare it?

Tax residency

Can I Be A Tax Resident Of Canada And Portugal At The Same Time? My Husband And I Are Planning To Live There 8-10 Months Of The Year On A Residency Visa. Is There A Way To Avoid Paying The Exit Tax If We Still File Our Tax With CRA Every Year While Living Most … Continue reading Tax residency

Dissolving provincial corporation

I am planning to dissolve my corporation and have few accounting related questions- 1. In my BS, there are computer equipment worth “3000”. Should I just take that as shareholder distribution? 2. What about the $200 amount declared for issuing shares. How to take care of that? Thank you!

Emigration ccpc year end

I recently submitted my departure paperwork from Canada and filed my departure taxes. As I owned a Canadian-Controlled Private Corporation (CCPC), I updated the fiscal year-end and submitted amended returns to the CRA. However, after several months, “My CRA” account still displays the old year. My corporation is provincially incorporated; should I notify the provincial … Continue reading Emigration ccpc year end

Tax Residency In Australia VS. Canada (online small business)

Hi there, I am currently living between Canada and Australia. I do not have property in either country at the moment, but I’m looking to get property in both countries in the future. I’m an online business owner and currently pay taxes to both Canada and Australia. Which country makes more sense to set-up my … Continue reading Tax Residency In Australia VS. Canada (online small business)

Non-resident earning a canadian pension further contributing to RRSP

HI I am Canadian citizen who retired in Canada in August 2023, earning a pension from the former employer’s RPP starting in January 2024. I became non-resident shortly after retiring and I have an existing personal RRSP established long time before becoming non-resident. I still have some good RRSP room to contribute, per the recent … Continue reading Non-resident earning a canadian pension further contributing to RRSP

Working remotely outside Canada

I am an international student, studying in Canada and I am eligible to work part-time. I have received a job offer from a Denmark-based Healthcare company. I have some questions regarding working outside Canada and filing taxes. 1. Is there any requirement that needs to be filled if working for Denmark remotely? 2. Is it … Continue reading Working remotely outside Canada

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

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What are my options?

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Sale of business

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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

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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
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