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T 1135 reporting for sares held in a pvt ltd company

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RC268 Form cross border commuter

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

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Land transfer Tax

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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

Foreign business T1135

Hi. if a Canadian resident has a business overseas (Like a restaurant), should he file T1135,knowing that it’s Carrying active business. and how about a vacant commercial property over $100,000 should it be reported on T1135?

Canadian Tax Residency

Hello, I’m a Canadian citizen who has been working in the UK for 1.5 years since July 2022 after studying in the UK (2020-2022) and I would appreciate help in determining my residency status for my 2023 return. I have sent in a NR73 form to the CRA but have yet to receive a response. … Continue reading Canadian Tax Residency

Canadian Rental Income for a non resident

I have a rental property in Canada and I live in the US. My property management company withheld 25% tax on the gross rental income and issued me a NR4. I would like to claim a tax refund since the tax payable on my rental income is significantly less than the tax owing on my … Continue reading Canadian Rental Income for a non resident

Income tax for indian seafarer having PR card but sailing from india

I am a PR card holder but would like to continue sailing from India. How does this affect my income taxes in Canada and India if I stay out of Canada for more than 183 days and sail in international waters for more than 183 days? Please assist.

real estate ownership to family traust

Can I Transfer Real Estate Ownership To Family Traust? Do I Need To Pay Capital Gain?
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