Individual Tax - Canada
Departure tax in Canada
What is departure tax in Canada? How to manage it; exemptions, payment and deferral, and some planning options.
September 30, 2023
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Category: Individual Tax – Canada
Individual Tax – Canada
Individual Tax - Canada
Non-Resident Selling Canadian Real Property & Certificate of Compliance
Non-residents of Canada face some challenges when it comes to compliance when owning Real Estate in Canada. Non-Residents here does not mean Non-Canadians, it also includes Canadian citizens and permanent residents who emigrated from Canada.
September 8, 2023
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Individual Tax - Canada
Moving from Canada to the U.S.
There are many reasons why Canadian tax residents move to the U.S. including economic opportunities, family reunification, education, and lifestyle preferences. Those who are planning their move to the United States must recognize the key
September 1, 2023
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Individual Tax - Canada
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
August 31, 2023
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Individual Tax - Canada
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
January 24, 2023
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Individual Tax - Canada
2023 – Important Deadlines
Important deadlines for 2023 Please note that these are the deadlines applicable to most taxpayers. Some of the information returns may not be included here. For up-to-date information, please always follow the deadlines communicated to
January 20, 2023
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Individual Tax - Canada
2023 – Tax Changes, What’s new in Canada?
Changes affecting 2022 Tax Returns The 2022 individual income tax season is starting soon. Please check important deadlines for the 2022 tax returns being filed in 2023 While we intend to capture tax changes and
January 3, 2023
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Individual Tax - Canada
Underused Housing Tax (UHT) in Canada
Effective January 01, 2022, there is a new ‘Underused Housing Tax’ (UHT) imposed on specific taxpayers, known as “affected owners”. UHT is a tax levied on properties that are deemed to be underutilized or not
December 22, 2022
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Corporate Tax - Canada
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?
August 17, 2022
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Individual Tax - Canada
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?
August 10, 2022
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