Archives: Questions

Question

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

Restricted content

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?

Restricted content

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

Emigrating from canada with a cCPC

Hi, I am an IT consultant incorporated in canada and currently in the process of moving abroad and I will continue to work part time with clients in Canada remotely. I am moving to UAE (no income tax) and I want to declare non-residency to avoid income tax on global income. After becoming a non-resident … Continue reading Emigrating from canada with a cCPC

Applying for residency in Italy Dec 2025

Good morning Allan I am a dual citizen of Italy and Canada (born in Canada). My wife is a Canadian Citizen. We are applying for Italian residency in Dec 2025 on our arrival in Italy. We will be in Italy 7-9 months each year and in Canada the rest. We have a house we would … Continue reading Applying for residency in Italy Dec 2025

Returning residents after over 15 years

Restricted content

Cra keeps adding basic personal amount to 216 returns

I am a non resident. Never been a residsnt and never lived in canada. Own a investment property and have been filing 216 returns for the past few years. When i recieve the notice of assessment every year, i see the following: Explanation of changes and other important information Based on the information you gave … Continue reading Cra keeps adding basic personal amount to 216 returns

Becoming a Non-Resident (departure, CPP & OAS)

hi Allan, I retired in 2023 and have been travelling ever since and continue to file tax as a resident (including for year 2025). I’m planning to return to Hong Kong to live permanently, beginning in January 2026, and will file as NR for 2026 tax (in Spring 2027) to report dividend and capital gain … Continue reading Becoming a Non-Resident (departure, CPP & OAS)

Claiming CCA & Amount for Eligible Dependent Issue

Hi there, A question regarding personal tax – I claimed the ‘Amount for Eligible dependant (line 30400) and also the CCA infirm children under 18 (Line 30500, $2616 claimed) on my personal tax return. The dependant in question was under 18 and is actually my sister (not my child). According to turbotax/my reading of the … Continue reading Claiming CCA & Amount for Eligible Dependent Issue

Do I need to file a Non Resident Tax Return in Canada?

Left Canada permanently in 2023. Filed an Emigrant return with departure date etc in 2023. I only have a bank account in Canada which pays me about $ 6,000 in interest which is way below the Basic Personal Amount. Bank knows about my non resident status and issues a NR4 slip each year instead of … Continue reading Do I need to file a Non Resident Tax Return in Canada?

Left Canada permanently. Filed Departure Return. Do I have to file as a Non-resident now?

Restricted content

Emigrant Tax Return – Not filed – Retroactive Filing.

1. Left Canada in January, 2020, did not file an EMIGRANT return. 2. Wrongly filed as a Resident for 5 years – 2020, 2021, 2022, 2023, 2024. 3. No property in Canada, no RRSP, no TFSA, no stocks, no mutual funds, no rental income, no employment income in these 5 years. 4. Only have a … Continue reading Emigrant Tax Return – Not filed – Retroactive Filing.

Pin It on Pinterest