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I ownI own a Canadian LLC, I sell I sell on Amazon in the US, I pay Canadian I pay Canadian tax, is is this in your skill set?

Hi Joe, Thank you for your message. Yes, this is within our area of expertise. We regularly assist clients who operate Amazon businesses through Canadian entities while selling in the U.S. One important point to highlight: Canada does not recognize U.S.-style LLCs as flow-through entities, which can result in double taxation. If you’re referring to … Continue reading I ownI own a Canadian LLC, I sell I sell on Amazon in the US, I pay Canadian I pay Canadian tax, is is this in your skill set?

Would you be able to complete 2 routine, uncomplicated T2062 and how much is the fee

Hi Katharine, Thank you for your message. Yes, we can assist with the preparation and filing of two routine T2062 forms. Fee Structure Our standard fee is based on the following scenarios: $600 + disbursements per form – if there are two non-resident co-owners of one property and both forms relate to the same sale … Continue reading Would you be able to complete 2 routine, uncomplicated T2062 and how much is the fee

Would I still be considered a canadian resident for tax purpose if the only remaining tie is my spouse who doesn’t want to leave?

Dear Zorro, Thank you for reaching out, and I appreciate your kind feedback about my YouTube videos. Based on your message, I understand that you’ve relocated to Mexico where you hold a residency permit, while your spouse remains in Canada. You’re retired from the Canadian Forces and are currently receiving a Canadian pension. You’re now … Continue reading Would I still be considered a canadian resident for tax purpose if the only remaining tie is my spouse who doesn’t want to leave?

7 Months outside of Canada

Dear Michèle, Thank you for your inquiry. You asked what would happen if you spent 7 months outside of Canada each year while still owning a home in Canada. Below is a detailed explanation of how this may affect your residency status, tax obligations, and any future sale of your Canadian property. 1. Canadian Residency … Continue reading 7 Months outside of Canada

Non resident of Canada Inheritance Tax

Dear Michèle, Thank you for your thoughtful question regarding the taxation of Canadian assets upon death when you are a non-resident of Canada. Below is a detailed explanation of how Canadian and foreign tax rules may apply: 1. No Inheritance Tax in Canada Canada does not have an inheritance tax. Instead, Canada treats death as … Continue reading Non resident of Canada Inheritance Tax

Us company which format belong to canadian parent company

Hi Rizwan, Thank you for your message and for outlining your objective clearly. Since you wish to open a U.S. company that is linked to your Canadian corporation, and only pay 21% U.S. corporate tax (with no additional tax in Canada), here’s the optimal structure and explanation: ✅ Recommended Structure: Form a U.S. C-Corporation owned … Continue reading Us company which format belong to canadian parent company

Trade stocks as a Business.

Hi Shelly, Thank you for your message and for outlining your situation. As a non-resident of Canada, it is possible to incorporate a Canadian company to trade stocks, but there are several important tax considerations to keep in mind: 🔍 Key Tax Implications ✅ Non-CCPC Corporate Taxation A Canadian corporation controlled by a non-resident is … Continue reading Trade stocks as a Business.

T1-ADJUSTMENT for EMIGRANT return. Retroactive filing.

Hi Premal, Thank you for your message and for outlining your situation in detail. Based on the information you provided, here are the steps you need to take to correct your 2023 Canadian tax return and change your residency status with the CRA. ✅ Step 1 – File Form NR73 (Required First) Before the CRA … Continue reading T1-ADJUSTMENT for EMIGRANT return. Retroactive filing.

Left canada , have a saving Account, Temporary residence with work permit

Hi Sara, Thank you for your message, and I hope you’re doing well. Based on the details you’ve provided — that you left Canada on August 30, 2024, completed your work remotely until December 31, 2024, and still maintain a Canadian savings account, health card, and driver’s license — here is how I would advise … Continue reading Left canada , have a saving Account, Temporary residence with work permit

Will REFILE correct an incorrect NOA from year 2022? Since it’s beyond the normal 3 years period?

Dear Orfi, Thank you for your detailed message and for outlining your situation so clearly. To address your questions: ✅ 1. Can you REFILE a 2022 return to correct the GIS error? Yes, REFILE can be used to correct an NOA — even if it’s several years old — provided that: The original return was … Continue reading Will REFILE correct an incorrect NOA from year 2022? Since it’s beyond the normal 3 years period?

Where should I mail the documents to CRA? To fix residency issues?

Hi Michael, Thank you for your detailed message. Since you left Canada in May 2021 and continued filing tax returns as a resident through 2024, you’ll need to take corrective steps to update your residency status with the CRA. ✅ Required First Step – File Form NR73 To adjust your residency status on tax returns … Continue reading Where should I mail the documents to CRA? To fix residency issues?

Wrongly claimed OEPTC for 5 years. How do I fix this now? (Related to Ontario Trillium Benefits)

Hi Orfi, Thank you for your message. You’re correct that to be eligible for the Ontario Energy and Property Tax Credit (OEPTC), you must have paid property tax on a principal residence that you own or rent. Since you lived in your parents’ home and did not own the property, you were unfortunately not eligible … Continue reading Wrongly claimed OEPTC for 5 years. How do I fix this now? (Related to Ontario Trillium Benefits)

Left Canada in May 2021 – Did not file a Departure date and Emigrant return. How do I rectify this now?

Hi Michael, Thank you for your detailed message and for outlining your situation clearly. You are correct that your Canadian tax filings from 2021 onward do not reflect your non-resident status, and we can help you resolve this. ✅ Summary of Your Situation You left Canada in May 2021 and have been living abroad since, … Continue reading Left Canada in May 2021 – Did not file a Departure date and Emigrant return. How do I rectify this now?

Tax and Contracting Considerations for US Citizen Living in Canada, Working for US Company

Hi Freddy, Thank you for your message and the clear summary of your situation. As a U.S. citizen and Canadian tax resident working remotely for a U.S. company, transitioning from W-2 employment to 1099 contracting introduces several cross-border tax and compliance complexities. Below are answers to your questions, and I’d be happy to walk you … Continue reading Tax and Contracting Considerations for US Citizen Living in Canada, Working for US Company

RRSP Withdrawal

Dear Joanne, Thank you for reaching out, and I’m very sorry to hear about your sister’s situation. I know this is a difficult time, and I appreciate you taking the steps to understand her financial options clearly. Regarding your question: When your sister passes away, her RRSP will be fully taxed as income on her … Continue reading RRSP Withdrawal

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