Archives: Questions

Question

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?

Resident Tax Status

My 26 year old daughter is a dual Canadian/UK citizen. Up to and including tax year 2018, she has completed annual Canadian tax returns. She has RRSP’s, a Canada bank account with credit card, an Ontario health card and driver’s licence, but no primary ties (spouse, children, house) in Canada. She no longer receives Federal … Continue reading Resident Tax Status

Gift from Brother Living Abroad

Hi Alan, My brother wants to gift me around $60K to help me buy a condo here, he works and lives in Dubai and not expecting me to return it to him. Do you recommend that we sign a gift deed confirming that ” the gift is being made from his own past savings, irrevocable, … Continue reading Gift from Brother Living Abroad

Qatar non tax treaty country

Hi Allan, I read your quoted comments in an article called “Can you take a working tax holiday” on the advisor.ca. I was bit worried when it was written in the article that non tax treaty countries (Qatar) are harder for the tax payer to prove tax residence position in them and easier for the … Continue reading Qatar non tax treaty country

Should I incorporate my real estate investment properties?

About to buy 2 rental properties both with suites…should I by thru an incorporation or in my name?

T2 Prior adjustments to payables in GIFI 3720?

Hi there, I very much enjoyed your blog and Q&A posts – thank you for giving back to the community! My accountant retired and as I’m doing the T2 corporation return myself, I noticed that last year there should have been some payable amounts included (operating expenses and income taxes payable). Am I allowed to … Continue reading T2 Prior adjustments to payables in GIFI 3720?

Foriegn Employment income tax when received or earned (by non resident)

Hi Madan, my family are living in Canada however I am working in the middle east, I have below questions please: 1. should my salary be reported in the year received in my bank statement in Qatar, or in the year I transfer them to Canada? 2. Earned or Received? for example can I keep … Continue reading Foriegn Employment income tax when received or earned (by non resident)

Canadian Temporary Resident wanting to register an LLC for ecommerce business

I’m a temporary resident in Canada on work visa and want to register an LLC for ecommerce business. I’m leaning towards registering it in the USA as that’s where I want to sell but not sure what the tax implications will be. I can’t register the LLC in my country of citizenship as it is … Continue reading Canadian Temporary Resident wanting to register an LLC for ecommerce business

Becoming non-resident of Canada

I am a Canadian citizen and have been a permanent resident of Canada for the past 30 years. I will become a non-resident of Canada in June or July of 2020 – I am moving permanently to a country in the European Union (EU). I have recently sold my only home in Canada (primary residence) … Continue reading Becoming non-resident of Canada

Corporate structure to deduct most expenses

Restricted content

Pin It on Pinterest