How to Save Tax For A Non-Resident Investing in Canada Watch Video
Allan Madan, CPA, CA
If you are a non-resident investing in the Canadian real estate market Read More…
Disclaimer
The information provided on this page is intended to provide general information. The information does not take into account your personal situation and is not intended to be used without consultation from accounting and financial professionals. Allan Madan and Madan Chartered Accountant will not be held liable for any problems that arise from the usage of the information provided on this page.
ABOUT THE AUTHOR
ALLAN MADAN
CPA, CA
Allan Madan is a CPA, CA and the founder of Madan Chartered Accountant Professional Corporation. Allan provides valuable tax planning, accounting and income tax preparation services in the Greater Toronto Area.
Allan,
I’m trying to figure out if I need to pay taxes ( and how ) on some inheritance money I invested. It was a low-risk rate and it returned $1200 Canadian dollars within roughly a year and a half. I reside in the U.S. WIll the cost of filing outweigh the actual tax?
Hi Jacqueline, you may not have to file a tax return in Canada. Non-residents of Canada only have to file a Canadian tax return if:
– they were employed in Canada
– they carried on a business in Canada
– they sold Canadian real estate