Archives: Questions

Question

Canadian Citizen located in UAE working remotely for a uS employer

Restricted content

Best retirment Destination for canadian RRSP tax Minimization

Restricted content

Canada Recovery Benefit for self-employed

Restricted content

How To file Tax

Restricted content

Does canada have 1031 exchange?

Restricted content

Reporting income on t4

Restricted content

Gift from wife

Restricted content

Filling Sch 6 and 8 for a Corporation that sold a property – received payment in parts (2018, 2019 and in 2020)

Restricted content

Hi Madan , Is it only blood relation can transfer amt as gift from India to Canadian account ?

Restricted content

SCHEDULE 49

Restricted content

Do US tax residents need to Report their cDN Corporations to the IRS?

I am Canadian moving down to the US to work for a US company as a full-time employee under a TN visa. I currently work for this company already now remotely, as a contractor who bills under my Canadian corporation. When I have moved down to the US, I will stop billing them through my … Continue reading Do US tax residents need to Report their cDN Corporations to the IRS?

taxes on Dividends in Corporation

Restricted content

Dividends from US real Estate

We own US property via C-corp. Both spouses have greencards but live in Canada under PR. Husband has high earning corporation. I am not working. Instead of husband drawing a large personal salary to cover personal expenses: 1. How are the retained earnings in C-corp viewed in Canada? Any implications with CRA? 2. Can I … Continue reading Dividends from US real Estate

Corporate taxes on dividends

So this company is investment company ! It has invested in 2 companies ! In first one it has 12% shares and in second one it has 50% shares ( class B common shares ) . It has received actual amount of dividends other than eligible dividends from both the companies ! What are the … Continue reading Corporate taxes on dividends

Can we buy Primary residence with Corporation in Canada ?

Can We Buy Primary Residence With Corporation In Canada? I am planning to buy a home through a home loan and to make the downpayment for the purchase, I am wondering if I can pay from my business account? instead of taking a dividend or paycheck to my account. I have seen a video stating … Continue reading Can we buy Primary residence with Corporation in Canada ?
wpChatIcon
wpChatIcon

Pin It on Pinterest