Archives: Questions

Question

oas received in Portugal?

I am from Portugal I will retire in 2 years, wondering if I return to Portugal can receive OAS there?

Non-Resident with Canadian Rental Property

Hi Allan, When my wife and I emigrated from Canada 20 years ago, our principal residence in Canada became a rental property. Title to the house is held jointly. Will the death of either my wife or myself trigger a deemed disposition of the property? My understanding is that there is no spousal roll-over for … Continue reading Non-Resident with Canadian Rental Property

CEBA loan Tax Treatment

CEBA loan $20,000 forgiveness amount is taxable 2020 when the loan was received loan or 2023 when it paid back ($40,000) ? I may need help in my tax preparation as well for the year 2023. How much do you charge for T2 and GST return for the small business account?

Repatriation

What is the best way to repatriate gift money received from parents in India to Canada?

Income tax while working in USA

Hi Allan, If I along with my family move to USA and place my house on rent. Do I have to pay income tax in canada on my income earned in USA? I would be having house on rent(which means that I have mortgage) and few my credit cards. What is your advice. Thanks

Mortgage repayment

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Gift from Parents in India

My parents want to sell a property in India and send me the proceeds as a gift. What is the best way to receive it with minimal tax in India and Canada.

Travelling for 2 years while keeping rental in BC

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change in use of principal residence

Is there a penalty involved if election 45(2) is filed late after four years?

joint property Rental In Only One Name

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Gifting Corporation owned Real Estate to a Relative/ Non-Relative

Hello, I am a sole owner/ director of my corporation A. My corporation A own a house 100%. If my corporation A gifted this house without any charge whatsoever to my sister who has nothing to do with my corporation, what would be the tax consequences for my corporation A and for my sister? If … Continue reading Gifting Corporation owned Real Estate to a Relative/ Non-Relative

Non resident vs Resident tax

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Return of capital posting

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Non-resident, Canadian Broker & T5008

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Tax implications for commuter green card

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