Archives: Questions

Question

Non-resident filing canadian return with T5 Slip

I’m a non-resident who has Canadian sources of income through some work as an independent contractor for a Canadian company and a Canadian savings account. My bank sent me a T5 slip for the interest from my savings account instead of the NR4. I have to a file a Canadian tax return because of my … Continue reading Non-resident filing canadian return with T5 Slip

Gift received from parents

Hello, My maternal grandfather sold a property in India and distributed some of the money between his children. My mother wants to transfer that money as a gift to me in Canada. Please tell how they can deposit money in account and I can receive in my bank account without hassle? Will any document be … Continue reading Gift received from parents

Best tax program to file if I reside in Ontario but Work in Quebec?

I am trying to file my income tax online for the first time I am married and have 3 kids but my wife is a stay at home mom.I reside in Ontario but work in Quebec. What is the best software you would recommend ? Any advice on who I can claim as a dependant … Continue reading Best tax program to file if I reside in Ontario but Work in Quebec?

Expensing inventory T2125

Restricted content

Self employed business Expenses

I earned under $12k in 2019 and find I get a larger refund if I do not include the business expenses to make that income. Is it optional to include the expenses on my tax return? They usually reduce taxes but not this time. Also, can I then use those legitimate expenses on my HST … Continue reading Self employed business Expenses

Urgent please: Owners loan to corporation and loan repayment

Restricted content

T4a-NR for work done outside of canada

Restricted content

GIFI line 3720 (as prior period adjustments to retained earnings)

Restricted content

Do I need to declare foreign assets on T1135? 2019 my first ever resident year. But, 2018 I filed as nonresident

Restricted content

Can I collect GST/HST?

Restricted content

does an invoice need to be itemized

I have an invoice from a heavy mechanic shop and they have parts itemized by quantity and unit price then total per line item, but the labour hours aren’t showing quantity or units just an amount. is that legal?

How long does the gift cash need to be in account before I use it to buy a house in canada?

Hello Madan, My parents want to send me some gift money from India which is well below CAD 100,000 for the purpose of buying a house. I would like to know if I need to keep that money with me for a certain period of time to buy the house or could I directly go … Continue reading How long does the gift cash need to be in account before I use it to buy a house in canada?

Tax for selling property outside Canada

I am non-resident Canadian citizen planning to move back to Canada in August. If I sell property in India and bring that money to Canada, do I have to pay tax on the money I bring to Canada.

Canadian Paying US state sales tax for a weekend convention

Restricted content

when does a scholarship become taxable?

Hello, I have spent the last 3 days trying to figure my tax requirement with no luck. I called CRA and the person was not sure, and my accountant seems clueless as well, I could really appreciate your input. I arrived to Canada as an international student: 2012 – 2018: I was on a work … Continue reading when does a scholarship become taxable?

Pin It on Pinterest