Canadian Departure tax Rules

Who has to pay Departure Tax? Departure tax is levied by the Canada Revenue Agency (CRA) on individuals leaving Canada and severing their ties with Canada, either due to employment, business or any other reason. When do I have to file my departure tax return? Departure tax returns are regular returns that are due on … Continue reading Canadian Departure tax Rules

Employee Benefits in a Tax Free Country

If you temporarily relocate abroad for work, you may be entitled to numerous employee benefits. Some of these benefits include costs related to living and transportation.

Employee Benefits in a Tax Free Country Watch Video

If you temporarily relocate abroad for work, you may be entitled to numerous employee benefits.

Filing for a “Regulation 105 Waiver” Watch Video

If you are a non-resident rendering services in Canada, you will be subjected to a 15% withholding tax.

Filing for a “Regulation 105 Waiver”

If you are a non-resident rendering services in Canada, you will be subjected to a 15% withholding tax. By filing the ‘Regulation 105 Waiver’ you can reduce and or eliminate this.

Non-resident taxation on RRSP and RIF withdrawals outlined.

Today’s blog will focus on non-resident taxation on RRSP and RIF withdrawals, and the ways that these taxes can be reduced.

Non-Resident Taxation on RRSP and RIF Withdrawals Watch Video

Today’s blog will focus on non-resident taxation on RRSP and RIF withdrawals,

Property management tips for non-resident owners

Our homes are our biggest investments – their ongoing protection and maintenance are crucial for long-term value. what happens if you’ve relocated unexpectedly? or if you own an investment property from afar? who will take care of the property in your absence? In these instances, it’s important to secure a property management team capable of … Continue reading Property management tips for non-resident owners

Are UN Employees Tax Exempt? Watch Video

If you are a Canadian working for the United Nations, you may generally be exempt from taxation

Are UN Employees Tax Exempt?

If you are a Canadian working for the United Nations, you may generally be exempt from taxation on any income earned from the UN. Depending on if you are a resident or non-resident of Canada, your tax filing obligations may differ. Want to learn more on UN employee tax exemption? Then this article is for … Continue reading Are UN Employees Tax Exempt?

Tax implications for Canadian employees working abroad

Tax Implications for Employees To understand the taxpayer’s responsibilities we must first determine their residency for tax purposes. In other words, will the employee remain a tax resident of Canada or will they become a resident of the US? To answer this question, we must consult the tax treaty between Canada and the US.  Normally, … Continue reading Tax implications for Canadian employees working abroad

How to Save Canadian Taxes as a New Immigrant

Being a new Canadian Immigrant can bring up new tax implications. Set up an immigration trust to save on your new Canadian taxes.

How to Save Canadian Taxes as a New Immigrant Watch Video

Being a new Canadian Immigrant can bring up new tax implications.

Canadian corporate loans to non-residents

There are a few reasons Canadian companies can choose to grant a loan. However, corporations need to be aware that lending to non-residents can lead to a requirement for the Canadian company to pay tax. Clearly, this situation is far from ideal. In this article, we will look at the tax implications of Canadian corporate … Continue reading Canadian corporate loans to non-residents

Foreign Accrual Property Income – Part 2

I have previously discussed how the Foreign Accrual Property Income (FAPI) applies to Canadians who establish corporations in a different country. For my previous article, please visit What is the Foreign Accrual Property Income (FAPI) in Canada? . After reading the article, more shrewd readers may ask, “What if I create a corporation in a … Continue reading Foreign Accrual Property Income – Part 2

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