Browse Resources By Topic

VIDEO TUTORIALS

Maximize Your Home Sale Profits: Principal Residence Exemption Explained!

Demystifying Cryptocurrency Taxation in Canada: Secret Tax Tips for Bitcoin Traders and Investors

Saving for Your First Home: Home Buyers Plan (HBP) vs. First Home Savings Account (FHSA): Comparison

Webinar: New Changes To Small Business Tax

TFSA vs. RRSP: Which Is Better For Me?

Have a Tax Question? Ask Us!

 

 

Faq's

Q: I rent out a residential property. What are some tax implications, with regards to sales tax?

View Answer >

Q: I just bought a new house with the closing today, but my current house will be sold soon. How can I maximize deductions?

View Answer >

Q: As a non-resident with rental property in Canada, am I required to remit 25% to the CRA?

View Answer >

Q: When a rental property is converted into a principal residence, are there any tax implications?

View Answer >

Q: I’m a non-resident owning rental property in Canada. I’m confused between the NR4 slip, and NR6 form.

View Answer >

Q: What are my tax obligations if I am a non-resident holding rental property?

View Answer >

Q: If I purchase a rental property, and I’ve never owned a primary residence, can I utilize the First time Home Buyers Plan?

View Answer >

Q: If I am a non-resident of Canada, and I sell Canadian real estate, what is the procedure for filing tax returns, and paying taxes?

View Answer >

Q: I am a non-resident earning rental income in Canada. Do I need to file an NR4 slip and summary with the CRA?

View Answer >

Q: Do I have to file a NR4 return with the CRA even if I did not remit any non-resident withholding taxes to the CRA?

View Answer >

Q: How do I set up a non-resident account number?

View Answer >

Q: I am a non-resident with retirement funds in Canada. What are my tax consequences if I start withdrawing?

View Answer >

Q: Are there special rules for the principal residence exemption for non-residents?

View Answer >

Q: As a non-resident with rental property in Canada, am I required to remit 25% to the CRA?

View Answer >

Q: Can I make payments to the CRA for non-resident withholding taxes from my rental income?

View Answer >

Q: If I sell services to clients outside Canada, do I have to collect GST/HST?

View Answer >

Q: How do I amend my HST return?

View Answer >

Q: Does HST have to be collected/paid on acupuncture treatment?

View Answer >

Q: I incurred meals expense that were reimbursed by my client. Is this expense 50% deductible to me or 100%?

View Answer >

Q: If a company is willing to pay money per month for an annual membership (fitness club, golf) again, is there a way to structure it not as just an expense of the company?

View Answer >

Q: If a company leases a car for me, is it a taxable benefit? Is there a way for me to have my company simply pay for it?

View Answer >

Q: I collected HST but didn’t register for an HST number on time, what should I do?

View Answer >

Q: What is a reasonable management fee?

View Answer >

Q: My current employer asked me to become an independent contractor. What’s the benefit for them?

View Answer >

Q: What rate of tax does a “Testamentary Trust” pay?

View Answer >

Q: Do I have to make payments on sales tax?

View Answer >

Q: I will make instalment payments for the current year based on the estimated taxes payable. What if, during the course of the year, my net income increases dramatically (the taxes payable will increase too). What are the tax implications?

View Answer >

Q: How do I get a Social Insurance Number, which is required to be reported on tax returns?

View Answer >

Q: What is the benefit of contributing to a spousal RRSP?

View Answer >

Q: Can rent paid by a student for residence be claimed on the personal tax return?

View Answer >

Q: Are board and lodging considered a taxable benefit for employees?

View Answer >

Q: Have the CPP and EI max thresholds changed for 2014?

View Answer >

Q: Do investors who receive form 1099 or form 1042 from the U.S. have to file a U.S. tax return?

View Answer >

Q: As a US citizen, is there any benefits of holding a TFSA/RESP?

View Answer >

Q: What is the tax deadline for U.S. Personal Tax Return?

View Answer >

Q: What happens to my IRA & 401K if I temporarily relocate to Canada?

View Answer >

Q: I am a Canadian resident and I received dividends and interest income from the U.S. Do I have to file a U.S. tax return?

View Answer >

Q: When are U.S. Personal Tax Returns due?

View Answer >

Q: I’m a US business planning on selling products to Canadian customers. Do I need an extra-provincial license?

View Answer >

Q: I am a Canadian resident and have some funds in a U.S. 401K. What is the most tax efficient way of bringing these monies into Canada?

View Answer >

Q: I want to perform bookkeeping for my small business. What do you recommend me to use?

View Answer >

Q: Should I use Wave Accounting for my bookkeeping needs?

View Answer >

Q: How long should I keep my income tax records?

View Answer >

Q: Why is my bank asking me for “reviewed” financial statements?

View Answer >

Q: What are business accounting services?

View Answer >

Q: Is there such a thing as a Chartered Accountant – Expert in Taxes?

View Answer >

Q: How can an Accountant in Mississauga help my business obtain a bank loan or line of credit?

View Answer >

Q: Can inadequate business accounting services cause my business to fail?

View Answer >

Download Our Free Ebooks!

Learn tax tips and tricks for Canadians to save this tax season!

wpChatIcon

Pin It on Pinterest