Questions Archive

Online Prop firm trading income

Hi there, I am a trader and i will be sub contracting for a prop firm. I will be given a demo account because i passed their test and they will then copy my demo trades into a master account which has real funds in it. I will be taking 70% of the profits made … Continue reading

Form 5471 Specifics

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Does FAPI apply to a canadian parent company with a wholly owned U.S. subsidiary holding/investing cash at the U.S. subsidiary level?

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What are the tax implications of a Canadian parent company with a wholly owned U.S. Subsidiary holding/investing cash at U.s subsidiary level?

I would like to know what are the tax implications of a corporate structure of a Canadian parent company with U.S. wholly owned subsidiary holding/investing cash at the U.S. subsidiary level?

T1135 required for cryptocurrency?

Are cryptocurrencies considered a foreign property? is the T1135 form required if the cost basis is over 100k? thanks

Best US Corporate Tax Structure For Canadian Owner

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Transfer of Prior non Capital loss

Can my spouse transfer a non prior capital loss to me so that I can reduce my personal income tax?

withholding Tax On Dividends Paid By A US Company To A Canadian Parent Company (FAPI) Part 3

I will pay 100,000 dividend (retained profit) from a US company to a Canadian parent company on May/10. When should I file 1042 S return, and when should I pay 5000 withholding tax to treasure. When should I file 1042 return and 1042 T return. Thanks.

property gift from india

What if I have a property in my mother’s name in India and I would like to sell it and bring money to Canada. How much tax do I have to pay on the receiving amount?