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Tax Residency In Australia VS. Canada (online small business)

Hi there, I am currently living between Canada and Australia. I do not have property in either country at the moment, but I’m looking to get property in both countries in the future. I’m an online business owner and currently pay taxes to both Canada and Australia. Which country makes more sense to set-up my … Continue reading Tax Residency In Australia VS. Canada (online small business)

Non-resident earning a canadian pension further contributing to RRSP

HI I am Canadian citizen who retired in Canada in August 2023, earning a pension from the former employer’s RPP starting in January 2024. I became non-resident shortly after retiring and I have an existing personal RRSP established long time before becoming non-resident. I still have some good RRSP room to contribute, per the recent … Continue reading Non-resident earning a canadian pension further contributing to RRSP

Working remotely outside Canada

I am an international student, studying in Canada and I am eligible to work part-time. I have received a job offer from a Denmark-based Healthcare company. I have some questions regarding working outside Canada and filing taxes. 1. Is there any requirement that needs to be filled if working for Denmark remotely? 2. Is it … Continue reading Working remotely outside Canada

transfer-house-from-corporate-ownership-to-personal-owner

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What are my options?

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Sale of business

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Is renting 30% of my principal residence a bad idea?

Is Renting 30% Of My Principal Residence A Bad Idea? Does That Expose The Property To Future Capital Gains Charges?

T 1135 reporting for sares held in a pvt ltd company

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RC268 Form cross border commuter

hello, how is the page 2 of RC268 filled out? Is 401k a money purchase plan? Is the employer contribution to 401k required to be filled on line 2 on page 2 of RC268? Is the expectation to only enter 401k match or do other employer contributions to non-401k accounts also need to be filled? … Continue reading RC268 Form cross border commuter

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

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