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US Citizens Owning part of a Canadian company

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Canadian Citizen and Resident/US Expat Investing Stocks and Options

I am an Albertan and a US Green Card holder. If I was to open a brokerage account in Canada and trade stocks, futures and options, is that declarable to the US? If so, is it only US based underlinings I would have to declare? or is it any investment profits (including TSE companies)?

Can my brother in law living in a newly purchased condo (preconstruction) allow me to avoid paying HST

A preconstruction condo I purchased is about to close, and I would like to claim it as a personal dwelling as my brother in law plans to live there. I wanted to confirm if I can 1. Do this and avoid paying HST by claiming it as my personal dwelling 2. or Do I have … Continue reading Can my brother in law living in a newly purchased condo (preconstruction) allow me to avoid paying HST

US C Corp with Canadian Holding company

I am an American citizen who is a Canadian permanent resident and I want to open a business in the USA and to bring this income to Canada. I want limited liability, and of course favourable Canadian tax treatment. The idea of a US C Corp with a Canadian holding company has come up – … Continue reading US C Corp with Canadian Holding company

is HST profit from Quick Method taxable?

Hello, While preparing T2, I credited profit from HST quick Method to other income in schedule 125. Can you confirm if this income is not taxable as I got mixed message from other accountants, some say HST profit from quick method is taxable? If not taxable which line in Schedule 1 can I claim the … Continue reading is HST profit from Quick Method taxable?

Shares and mutual funds in India

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What is gifi cide in schedule 125 for phsp

I have expenses under health spending account which is eligible phsp. To record these expenses in schedule 125 please let me know gifi code

Provincial tax deduction

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Provincial tax deduction

I am doing the payroll online, I know calculate of taxes such as CCP, EI, Federal deduction except calculate provincial tax deduction I don’t know how calculate its, can anyone help me, for example: Payroll: semi-monthly Gross: 1,830.40 Provincial tax deduction is 82.57 – I do not know where this amount come from, how calculate? … Continue reading Provincial tax deduction

Non-resident with Canadian source income?

Hi. Tricky cross-border question. I am now a non-resident of Canada, having formally exited Canada to become a US resident in 2019. However, I am a self-employed medical doctor (independent contractor) and I only practice in a remote location in northern Canada, so I will continue to perform my medical services exclusively in Canada. That … Continue reading Non-resident with Canadian source income?

PMP Certification, PMI Membership & Toastmasters Membership Expenses – Tax Deductible?

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borrowing money from my business to invest into stocks

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American with Canadian bank income taxes

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Incorporating and adding a family member

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Can I deduct business expenses if I did Not Earn Business Income

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