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We attempt to assist our readers by simplifying some of the complex income tax issues in Canada. Occasionally, we answer the general tax questions as well that can help a broader readership of our blog section. 

INSIGHTS

rental property owners by a non resident of Canada, file your tax returns on time
Individual Tax - Canada
Fatima Aslam

Infographic: Non-Residents Owning Canadian Properties

Filing requirements: Non-residents with Rental income from Canada Non-residents of Canada who own Canadian real properties and generate rental income from such properties need to comply with certain reporting requirements.  Important Disclaimer: Please note that

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U.S. tax return electronic filer in Toronto for 1040 and 1040NR
U.S. Income Tax
Fatima Aslam

Checklist: U.S. Individual Tax Returns

Please use the below checklists to arrange the information for the preparation of U.S. personal tax returns. Starting information & Filing Status – All the individuals filing U.S. Tax returns must provide this.  Information required

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Individual Tax - Canada
Fatima Aslam

2023 – Sec 216 and Non-Residents Tax Returns

Please use the below checklists to arrange for your information if you are filing Section 216 tax returns and non-resident individual income tax returns in Canada.  Individual Tax Number (ITN) for Non-Residents Non-residents of Canada

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How to apply for CRA ITN
Individual Tax - Canada
Fatima Aslam

CRA Individual Tax Number (ITN)

Individual Tax Number (ITN) for Non-Residents In order to file an individual income tax return with Canada Revenue Agency (CRA), you require either a Social Insurance Number (SIN) or an Individual Tax Number (ITN).  If

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Personal income tax returns top tax accountant in Canada
Individual Tax - Canada
Fatima Aslam

2023 – Canadian Residents T1 Checklist

2022 – Individual Income Tax Return (T1) Checklist Canada Revenue Agency systems to allow electronic filing of Individual Income tax returns (T1) for 2022 are opening on February 20, 2023 (Expected, not confirmed yet). We

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TAX QUESTIONS

IT Contractors – Employee Vs Incorporation

Question: I Am An IT Professional. I Just Received An Offer From My Employer. My Employer Wants Me To Incorporate And They Have Agreed To Offer A Better Hourly Rate. I Am Confused Should I Set Up A Corporation Or Become An Employee?

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Tax on Inheritance in Canada

Question: My mother passed away in India last month. I am receiving my share of the family house. The home is located in India. I am a resident of Canada. Do I need to pay taxes in Canada when this property is transferred to me?

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Incidental Rental income of CCPC

Question: My corporation, a CCPC, has a catering business and holds a building as an asset. I rent a portion of the building but use the rest in my operations. Is my corporation now Specified Investment Business?

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