Questions Archive

assistance in filing our US and Canadian taxes

We (my wife, 2 year old daughter and I) moved from USA to Canada in June 2017. We were employed full-time in the U.S., and I’m working remotely for the same employer from Canada. My employer still pays in the same manner (USD and deducting US taxes) and my wife got job with a Canadian … Continue reading

SR&ED refund from previous year: where to recognize it?

Dear Allan, Great site! I have filed an SR&ED claim for the previous year. As a result, the expected amount did not show up on my T2 as a refund for that year. How do I deal with the current year’s return? (1) Do I simply recognize the amount as an increase in the “Deposit … Continue reading

Non-resident of canada

Hi, I am a canadian citizen and have lived in US for many years.A year ago, I married my wife in Canada and she has been living in canada most of the time for 2017. I have been deemed non-resident by CRA prior to our marriage but now that we are married, I am not … Continue reading

What are the specific forms that I Have To submit to IRS if I live in US and has A TFSA account in Canada?

What are the specific forms that I Have To submit to IRS if I live in US and has A TFSA account in Canada? Thanks.

Can I claim 1% credit on first $30000 even if my sales are less than $30000 for HST quick method or is it pro rate basis

Dear Mr Allan Can I claim 1% credit on first $30000 ($300) even if my sales is $8000 for HST quick method or is it pro rate basis ($8000 x 1% = $80)

American with camadian PR working remotely for american company

Hello. With there being more people working from home like in my situation I am curious as to what the process should be if you’re an American with Canadian PR living in Canada (Alberta) working remotely for an American company. Is it better to be an independent contractor or just stay employed with them? Do … Continue reading

can a business owner claim the hst paid on purchased vehicle in a Quarterly hst filing .

Can A Business Owner Claim The Hst Paid On Purchased Vehicle In A Quarterly Hst Filing .

is private consultation offered?

I literally read all the FAQ, forums, articles, blogs, youtube videos, etc. and have a few questions. I will incorporate in Dubai and will open a branch in Canada. Is it possible to book a consultation so that I can ask all my questions and learn about the services offered by Madan? Please note that … Continue reading

Is it possible for my corporation to loan money to a person who is not an employee or shareholder?

Hi Allan, Is it possible for my corporation to loan money to a person who is not an employee or shareholder? If so, what terms and interest rate would be considered reasonable? Other than the risk of not getting paid back, are there any downsides from a tax standpoint? Thanks and happy new year!

Rental proprty used as primary residence

i m residence of montreal. We bought duplex which has basement with 2 kitchen ,upper floor with one kitchen and second floor with one kitchen. All level as separate entrance and also inter connected entrance. we took out all civic number and made one.someone from city came to verify it we also made door from … Continue reading

former u.S. resident alien with capital assets moving back to home country of canada

Hi there, Love the site and the resources! I’m in a bit of a situation right now where I’m trying to figure out my tax situation from the U.S. standpoint. I want to make sure the IRS won’t come knocking on my door some odd years later demanding unpaid taxes! Here are the relevant facts: … Continue reading

Non-Resident Canadian

Thanks for letting me know that I cann’t become non-resident Canadian if my wife and kids living here. But what about if you are separated and kids (14 & 16 yrs) living with wife. Thanks in advance.

Non Resident Canadian

Can a person become non-resident if his family living in Canada i.e. spouse and kids? Wife and kids don’t want to leave Canada but husband want to leave Canada and want to become non-resident Canadian.

Tax Waiver (Regulation 105 Waiver)

I found your web page about US citizens working in Canada and have a few questions. I’m plan to start working in January 2018 for a Canadian organization in Vancouver, BC, as an independent contractor (grant writer for nonprofit arm of a corporation). I live near Seattle, WA. When I start, I will come up … Continue reading

If a shareholder took a loan from the company to pay for a downpayment on a home dwelling, How is that accounted for and how to account for it over time?

Hello Madan.. Love your videos been following you for a long time. Appreciate your knowledgeable videos. Regarding if shareholder took a loan from company to pay for a downpayment on a home dwelling. How is that accounted for and how to account for it over time ? Also can you take a loan from company … Continue reading

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