Archives: Questions

Question

work as an intern in the uS

Hi I am a Canadian residence and worked as an intern in the US Summer 2024 for about 3 months. 1. Do I have to file income tax in US? I did pay some taxes in US 2. Do I have to file income tax in Canada earning foreign income and pay taxes again? Thanks … Continue reading work as an intern in the uS

Business Tax & Accounting Questions

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Part 2 – Tax implications of moving RRSP to Australia

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Part 2 – Tax implications of moving RRSP to Australia

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My tax software shows two tax balances owing – Federal and Provincial. I assume I add these together for putting in line (9990)?

My tax software shows two tax balances owing – Federal and Provincial. I assume I add these together for putting in line (9990)?

Signing a lease as a non-resident

If I am renting an apartment for my son who is 20 and continue to sign the lease renewal for him as a non-resident of Canada, will this be a problem? Thank you.

Empoyee loan

How does the loan given to an employee of a corporation works weather this employee who’s in payroll list being a family member with non-voting shares? The loan is being used for investment. How can you help me as a bookkeeper of the corporation to setup this?

Tax implications of moving RRSP to Australia

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Departure tax in Canada

If I own real estate in Spain, will I pay departure tax on it?

I made 3k in ebay canada store

I am US citizen,none canadian resident,living in US, I opened up an ebay canada account last year, i made 3k this year and ebay want me to report it to CRA,i dont have SIN or any tax id from Canada.What will i do now?how will i report it? Do i have to report it? What … Continue reading I made 3k in ebay canada store

Leaving Canada and Cross border planning.

Professional Eng. incorporated in Ontario and spouse – relocating to US on TN or E2 (to a state tax exempt state). Will have no primary residential ties left in Canada but some secondary ties such as (rental prop, bank/credit card, couple of visits a year, health card etc.) and want to keep Ontario professional corp … Continue reading Leaving Canada and Cross border planning.

NR4 slip questions

Hi there, I have few questions about NR4 slip- 1. What exemption code should be used, since we deducted 15% instead of 25% because of treaty. 2. I am assuming code for dividends issued is 9? 3. If dividend declared is 1000 and tax withheld is 150, then gross income should be 1000? 4. If … Continue reading NR4 slip questions

Canadian Departure tax on a property abroad that is not yet fully acquired

How is the departure tax calculated if I put a deposit on a property abroad that is set to be completed after I leave Canada and become a Canadian non tax resident? Otherwise, if I buy a property abroad the year in which I leave Canada, would the departure tax on that property be minimal … Continue reading Canadian Departure tax on a property abroad that is not yet fully acquired

Tax implications of moving RRSP to Australia

Tax implications of moving RRSP to Australia for Canadian, now an Aus Citizen & for tax purposes? I am 67 yrs of age. Also, how can it be transferred & into what type of product in Australia?

Sale of Vacation home in US and tax Implications

Sold Vacation home in United States that was never rented out, Sale price was under $300,00 so no witholding was witheld at closing. Property owned jointly and each share of gain on US 1040NR is $44,000. this is under thersold for US capital gains. Does form 4797 have to be included with 1040NR since the … Continue reading Sale of Vacation home in US and tax Implications

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