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Payback with points

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Should I file NR73

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Transferring money from India

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How to prepare US Brokerage tax return record for canada

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clearing shareholder loan from the corporate books

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How to include a shareholder loan amount in your personal income

I have a Shareholder Loan that I need to clear by end of 2019 and add it to my personal income. I am wondering what is the best way to do that and what accounts do you debit/credit in the journal entry?

Considering 403-B Withdrawal into USD-RRSP A/c (ample room in RRSP)

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taxes while living abroad

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income tax while abroad

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Canadian US NON Rental property owners

My husband and I are tax paying Canadian citizens who have mortgaged a condo in Florida as our winter home. We do not rent it! Are we required to individually apply for a ITIN?

As a non-resident of Canada with a mutual fund held in canada, would that mutual fund’s distribution that are RoC be subject to withholding tax?

Hello. As the title says, I am trying to find out, as a non-resident of Canada with mutual funds there, would my mutual fund distributions in Canada that are RoC be subject to withholding tax? Also, since some mutual fund distributions are capital gains, and capital gains are subject to taxation in the country of … Continue reading As a non-resident of Canada with a mutual fund held in canada, would that mutual fund’s distribution that are RoC be subject to withholding tax?

Home Office Deduction without receipt

While filing my taxes next year as a sole proprietor, I am considering claiming my Home Use of Business Office Expense (portion of my rent). My challenge is that my roommate is on the apartment lease (I found this rental via kijiji a while back) & I just pay him via cheque. There’s no receipt … Continue reading Home Office Deduction without receipt

Interest deduction on Existing Rental Property

We purchased a rental property (with no mortgage) using private funds not purchased through a company. We want to add a first mortgage to the rental property and deduct to deduct the interest expense. If we use funds from the mortgage to buy a another rental property, what CRA forms to fill out to show … Continue reading Interest deduction on Existing Rental Property

Add Mortgage To existing Rental Property

We know that mortgage interest can be deducted expense against rental income. When we purchased a property initially, we did not get a mortgage for it. The rental property has gone through 3 tax seasons. If we get a (first) mortgage now against the property now, can we deduct the interest as an rental expense … Continue reading Add Mortgage To existing Rental Property

Can a non-resident eligible for Security options deduction – Paragraph 110(1)(d)?

HI Allan, Is a non-resident employee eligible for security options deduction? His employer is a Canadian public company. Thanks, Hannah

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