Hello, I was unsuccessful in selling my home before departing Canada & as result rented well below market in exchange for minor property care taking. I have not reported the property or monies on my Aussie taxes which is under 10k annually with less than 50k equity. I have not filed my Canadian taxes since … Continue reading Filing taxes as Dual Citizen with a rental property & living in Australia permanently
Hi My husband retired from Hydro 3 years ago. We took out private health insurance for both of us through Municipal Employees Retirement Fund. We pay $397/month for this. Can we claim this on our income tax form for 2016?
I have an ontario corporation that I use for some consulting work. I am planning to move to the US for few years and I was wondering if I can keep my ontario corporation without any tax implications. I understand the residency requirement for ontario corporation and I can solve that by adding new directors. … Continue reading Moving south While keeping Ontario Incorporation.
I am planning on moving to the U.S. for a 5 year period using a non-immigrant visa. I have a primary residence in the NRC. Real-estate market is a bit slow this time of the year around the NRC and I am evaluating sell vs rent options and wanted to understand the tax implications. If … Continue reading Cross Border Tax issue when renting primary residence in canada.
Hi, Im a Canadian, living in Canada and have partnered together with 4 US citizens/US residents to form a LLC based in California. We are a SaaS developer, with no earnings, to date. Do I need a US tax ID # now? I’m confused by the statement only needing to send in the Form W7 … Continue reading I have a LLC partnership in the U.S., when do I need a U.S. Tax I.D. Number?
Dear Allan, Thank you for the videos you posted online. They are very informative. I’m going to move back to Hong Kong for retirement, but I would like to keep my investment account with BMO InvestorLine in Canada. I understand that upon my departure, I have to pay a departure tax on “deemed disposition” of … Continue reading Departure Tax and Selling Shares in Future
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