Category: Non-Resident & International Tax

Filing for a “Regulation 105 Waiver”

If you are a non-resident rendering services in Canada, you will be subjected to a 15% withholding tax. By filing the ‘Regulation 105 Waiver’ you can reduce and or eliminate this.

Non-resident taxation on RRSP and RIF withdrawals outlined.

Today’s blog will focus on non-resident taxation on RRSP and RIF withdrawals, and the ways that these taxes can be reduced.

Property management tips for non-resident owners

Our homes are our biggest investments – their ongoing protection and maintenance are crucial for long-term value. what happens if you’ve relocated unexpectedly? or if you own an investment property from afar? who will take care of the property in your absence? In these instances, it’s important to secure a property management team capable of … Continue reading Property management tips for non-resident owners

Are UN Employees Tax Exempt?

If you are a Canadian working for the United Nations, you may generally be exempt from taxation on any income earned from the UN. Depending on if you are a resident or non-resident of Canada, your tax filing obligations may differ. Want to learn more on UN employee tax exemption? Then this article is for … Continue reading Are UN Employees Tax Exempt?

Tax implications for Canadian employees working abroad

Tax Implications for Employees To understand the taxpayer’s responsibilities we must first determine their residency for tax purposes. In other words, will the employee remain a tax resident of Canada or will they become a resident of the US? To answer this question, we must consult the tax treaty between Canada and the US.  Normally, … Continue reading Tax implications for Canadian employees working abroad

How to Save Canadian Taxes as a New Immigrant

Being a new Canadian Immigrant can bring up new tax implications. Set up an immigration trust to save on your new Canadian taxes.

Canadian corporate loans to non-residents

There are a few reasons Canadian companies can choose to grant a loan. However, corporations need to be aware that lending to non-residents can lead to a requirement for the Canadian company to pay tax. Clearly, this situation is far from ideal. In this article, we will look at the tax implications of Canadian corporate … Continue reading Canadian corporate loans to non-residents

Foreign Accrual Property Income – Part 2

I have previously discussed how the Foreign Accrual Property Income (FAPI) applies to Canadians who establish corporations in a different country. For my previous article, please visit What is the Foreign Accrual Property Income (FAPI) in Canada? . After reading the article, more shrewd readers may ask, “What if I create a corporation in a … Continue reading Foreign Accrual Property Income – Part 2

Understanding Foreign Accrual Property Income in Canada.

Are you a Canadian Taxpayer looking to invest in another country? Have you heard of the ‘Foreign Accrual Property Income (FAPI)? If you have not, do not invest before you read this article!   Imagine, if you will, a scenario. There is a wealthy Canadian taxpayer in the highest personal tax bracket. He has contributed … Continue reading Understanding Foreign Accrual Property Income in Canada.

Non resident withholding tax – What is a section 217?

Are you a nonresident of Canada? Do you know what the Section 217 Election means for you? Doing business in another country can be difficult, as you have to deal with two systems and two different sets of laws. In this article, I will explain more about this potentially confusing topic and provide you with … Continue reading Non resident withholding tax – What is a section 217?

Taxes for international companies and individuals in Canada

Are you looking for information on international taxes and Canada? International companies and non-resident Canadians conducting business in Canada are subject to a wide array of different tax implications. Some of these implications include issues with permanent establishments, non-residential tax returns and withholding taxes.

Tax on foreign inheritance Canada

Français Do Canadians pay tax on an inheritance from abroad, overseas, our outside of Canada? This article will answer this question in detail, and provide a summary of inheritance tax in Canada. Estate of Deceased Person outside Canada When a person dies an estate, which is a type of trust, is automatically formed. The estate … Continue reading Tax on foreign inheritance Canada

Permanent Establishment for Short Term Contracts in the US

Imagine that you are a Canadian company sending an employee to the United States to fulfill a job order for a US customer. You feel that you know all about the Permanent Establishment rules and you are confident that as the employee is in the US on a temporary basis, his/her presence will not constitute … Continue reading Permanent Establishment for Short Term Contracts in the US

Tax Returns and Forms for Non-Residents

Are you a non-resident of Canada, or are you planning on becoming a non-resident in the near future? If yes, then you need to learn about the tax returns and forms for non-residents; otherwise, you could end up with a nasty surprise from the taxman. Becoming A Non-resident Becoming a non-resident for tax purposes is … Continue reading Tax Returns and Forms for Non-Residents

Foreign Property Reporting for Canadians

As Canadians, we are very active in the global economy. In fact, many Canadians have foreign investments in countries from the United States to China. This article explains the foreign property reporting requirements that Canadians have with the Canada Revenue Agency. Foreign Property Reporting to the CRA Individuals looking to grow their wealth will often … Continue reading Foreign Property Reporting for Canadians

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