Notice: Undefined index: importUSERS in /vol/www/html/dev/wp-content/themes/camadan/functions.php on line 905

Notice: Undefined variable: labels in /vol/www/html/dev/wp-content/themes/camadan/functions.php on line 510

Notice: wpcf7_remove_shortcode is deprecated since Contact Form 7 version 4.6! Use wpcf7_remove_form_tag instead. in /vol/www/html/dev/wp-content/plugins/contact-form-7/includes/functions.php on line 355

Notice: wpcf7_remove_shortcode is deprecated since Contact Form 7 version 4.6! Use wpcf7_remove_form_tag instead. in /vol/www/html/dev/wp-content/plugins/contact-form-7/includes/functions.php on line 355

Notice: Undefined variable: labels in /vol/www/html/dev/wp-content/themes/camadan/functions.php on line 603

Notice: Undefined variable: labels in /vol/www/html/dev/wp-content/themes/camadan/functions.php on line 652

Notice: Undefined variable: labels in /vol/www/html/dev/wp-content/themes/camadan/functions.php on line 699

Notice: Undefined variable: labels in /vol/www/html/dev/wp-content/themes/camadan/functions.php on line 747

Notice: Undefined variable: labels in /vol/www/html/dev/wp-content/themes/camadan/functions.php on line 798

Notice: Undefined variable: labels in /vol/www/html/dev/wp-content/themes/camadan/functions.php on line 849
Tax Resource Center

Browse Resources By Topic

VIDEO TUTORIALS

New Tax Rules on Investment Income for Canadian Controlled Private Corporations (2019)

The Liberal Government of Canada re…

New Income Splitting Rules for Canadian Corporations (2018)

Do you own a Canadian private corpo…

Year End Tax Planning Tips for Business Owners (2018)

Are you ready for 2018? This video …

New Tax Increase on Family Business Transfers in Canada (2018)

Planning on transferring your busin…

New Tax Rules for Small Businesses in Canada (2018)

Do you own an incorporated small bu…

Have a Tax Question? Ask Us!

 

 

Faq's


Notice: Undefined offset: 0 in /vol/www/html/dev/wp-content/themes/camadan/functions.php on line 1445

Q: I rent out a residential property. What are some tax implications, with regards to sales tax?

View Answer >

Notice: Undefined offset: 0 in /vol/www/html/dev/wp-content/themes/camadan/functions.php on line 1431

Q: I just bought a new house with the closing today, but my current house will be sold soon. How can I maximize deductions?

View Answer >

Notice: Undefined offset: 0 in /vol/www/html/dev/wp-content/themes/camadan/functions.php on line 1431

Q: As a non-resident with rental property in Canada, am I required to remit 25% to the CRA?

View Answer >

Notice: Undefined offset: 0 in /vol/www/html/dev/wp-content/themes/camadan/functions.php on line 1431

Q: When a rental property is converted into a principal residence, are there any tax implications?

View Answer >

Notice: Undefined offset: 0 in /vol/www/html/dev/wp-content/themes/camadan/functions.php on line 1431

Q: I’m a non-resident owning rental property in Canada. I’m confused between the NR4 slip, and NR6 form.

View Answer >

Notice: Undefined offset: 0 in /vol/www/html/dev/wp-content/themes/camadan/functions.php on line 1431

Q: What are my tax obligations if I am a non-resident holding rental property?

View Answer >

Notice: Undefined offset: 0 in /vol/www/html/dev/wp-content/themes/camadan/functions.php on line 1431

Q: If I purchase a rental property, and I’ve never owned a primary residence, can I utilize the First time Home Buyers Plan?

View Answer >

Notice: Undefined offset: 0 in /vol/www/html/dev/wp-content/themes/camadan/functions.php on line 1431

Q: If I am a non-resident of Canada, and I sell Canadian real estate, what is the procedure for filing tax returns, and paying taxes?

View Answer >

Notice: Undefined offset: 0 in /vol/www/html/dev/wp-content/themes/camadan/functions.php on line 1445

Q: I am a non-resident earning rental income in Canada. Do I need to file an NR4 slip and summary with the CRA?

View Answer >

Notice: Undefined offset: 0 in /vol/www/html/dev/wp-content/themes/camadan/functions.php on line 1445

Q: Do I have to file a NR4 return with the CRA even if I did not remit any non-resident withholding taxes to the CRA?

View Answer >

Notice: Undefined offset: 0 in /vol/www/html/dev/wp-content/themes/camadan/functions.php on line 1445

Q: How do I set up a non-resident account number?

View Answer >

Notice: Undefined offset: 0 in /vol/www/html/dev/wp-content/themes/camadan/functions.php on line 1445

Q: I am a non-resident with retirement funds in Canada. What are my tax consequences if I start withdrawing?

View Answer >

Notice: Undefined offset: 0 in /vol/www/html/dev/wp-content/themes/camadan/functions.php on line 1431

Q: Are there special rules for the principal residence exemption for non-residents?

View Answer >

Notice: Undefined offset: 0 in /vol/www/html/dev/wp-content/themes/camadan/functions.php on line 1431

Q: As a non-resident with rental property in Canada, am I required to remit 25% to the CRA?

View Answer >

Notice: Undefined offset: 0 in /vol/www/html/dev/wp-content/themes/camadan/functions.php on line 1431

Q: Can I make payments to the CRA for non-resident withholding taxes from my rental income?

View Answer >

Notice: Undefined offset: 0 in /vol/www/html/dev/wp-content/themes/camadan/functions.php on line 1431

Q: If I sell services to clients outside Canada, do I have to collect GST/HST?

View Answer >

Notice: Undefined offset: 0 in /vol/www/html/dev/wp-content/themes/camadan/functions.php on line 1445

Q: How do I amend my HST return?

View Answer >

Notice: Undefined offset: 0 in /vol/www/html/dev/wp-content/themes/camadan/functions.php on line 1445

Q: Does HST have to be collected/paid on acupuncture treatment?

View Answer >

Notice: Undefined offset: 0 in /vol/www/html/dev/wp-content/themes/camadan/functions.php on line 1445

Q: I incurred meals expense that were reimbursed by my client. Is this expense 50% deductible to me or 100%?

View Answer >

Notice: Undefined offset: 0 in /vol/www/html/dev/wp-content/themes/camadan/functions.php on line 1431

Q: If a company is willing to pay money per month for an annual membership (fitness club, golf) again, is there a way to structure it not as just an expense of the company?

View Answer >

Notice: Undefined offset: 0 in /vol/www/html/dev/wp-content/themes/camadan/functions.php on line 1431

Q: If a company leases a car for me, is it a taxable benefit? Is there a way for me to have my company simply pay for it?

View Answer >

Notice: Undefined offset: 0 in /vol/www/html/dev/wp-content/themes/camadan/functions.php on line 1431

Q: I collected HST but didn’t register for an HST number on time, what should I do?

View Answer >

Notice: Undefined offset: 0 in /vol/www/html/dev/wp-content/themes/camadan/functions.php on line 1431

Q: What is a reasonable management fee?

View Answer >

Notice: Undefined offset: 0 in /vol/www/html/dev/wp-content/themes/camadan/functions.php on line 1431

Q: My current employer asked me to become an independent contractor. What’s the benefit for them?

View Answer >

Notice: Undefined offset: 0 in /vol/www/html/dev/wp-content/themes/camadan/functions.php on line 1445

Q: What rate of tax does a “Testamentary Trust” pay?

View Answer >

Notice: Undefined offset: 0 in /vol/www/html/dev/wp-content/themes/camadan/functions.php on line 1431

Q: Do I have to make payments on sales tax?

View Answer >

Notice: Undefined offset: 0 in /vol/www/html/dev/wp-content/themes/camadan/functions.php on line 1445

Q: I will make instalment payments for the current year based on the estimated taxes payable. What if, during the course of the year, my net income increases dramatically (the taxes payable will increase too). What are the tax implications?

View Answer >

Notice: Undefined offset: 0 in /vol/www/html/dev/wp-content/themes/camadan/functions.php on line 1445

Q: How do I get a Social Insurance Number, which is required to be reported on tax returns?

View Answer >

Notice: Undefined offset: 0 in /vol/www/html/dev/wp-content/themes/camadan/functions.php on line 1445

Q: What is the benefit of contributing to a spousal RRSP?

View Answer >

Notice: Undefined offset: 0 in /vol/www/html/dev/wp-content/themes/camadan/functions.php on line 1445

Q: Can rent paid by a student for residence be claimed on the personal tax return?

View Answer >

Notice: Undefined offset: 0 in /vol/www/html/dev/wp-content/themes/camadan/functions.php on line 1445

Q: Are board and lodging considered a taxable benefit for employees?

View Answer >

Notice: Undefined offset: 0 in /vol/www/html/dev/wp-content/themes/camadan/functions.php on line 1445

Q: Have the CPP and EI max thresholds changed for 2014?

View Answer >

Notice: Undefined offset: 0 in /vol/www/html/dev/wp-content/themes/camadan/functions.php on line 1445

Q: Do investors who receive form 1099 or form 1042 from the U.S. have to file a U.S. tax return?

View Answer >

Notice: Undefined offset: 0 in /vol/www/html/dev/wp-content/themes/camadan/functions.php on line 1445

Q: As a US citizen, is there any benefits of holding a TFSA/RESP?

View Answer >

Notice: Undefined offset: 0 in /vol/www/html/dev/wp-content/themes/camadan/functions.php on line 1445

Q: What is the tax deadline for U.S. Personal Tax Return?

View Answer >

Notice: Undefined offset: 0 in /vol/www/html/dev/wp-content/themes/camadan/functions.php on line 1431

Q: What happens to my IRA & 401K if I temporarily relocate to Canada?

View Answer >

Notice: Undefined offset: 0 in /vol/www/html/dev/wp-content/themes/camadan/functions.php on line 1431

Q: I am a Canadian resident and I received dividends and interest income from the U.S. Do I have to file a U.S. tax return?

View Answer >

Notice: Undefined offset: 0 in /vol/www/html/dev/wp-content/themes/camadan/functions.php on line 1445

Q: When are U.S. Personal Tax Returns due?

View Answer >

Notice: Undefined offset: 0 in /vol/www/html/dev/wp-content/themes/camadan/functions.php on line 1431

Q: I’m a US business planning on selling products to Canadian customers. Do I need an extra-provincial license?

View Answer >

Notice: Undefined offset: 0 in /vol/www/html/dev/wp-content/themes/camadan/functions.php on line 1431

Q: I am a Canadian resident and have some funds in a U.S. 401K. What is the most tax efficient way of bringing these monies into Canada?

View Answer >

Notice: Undefined offset: 0 in /vol/www/html/dev/wp-content/themes/camadan/functions.php on line 1431

Q: I want to perform bookkeeping for my small business. What do you recommend me to use?

View Answer >

Notice: Undefined offset: 0 in /vol/www/html/dev/wp-content/themes/camadan/functions.php on line 1431

Q: Should I use Wave Accounting for my bookkeeping needs?

View Answer >

Notice: Undefined offset: 0 in /vol/www/html/dev/wp-content/themes/camadan/functions.php on line 1445

Q: How long should I keep my income tax records?

View Answer >

Notice: Undefined offset: 0 in /vol/www/html/dev/wp-content/themes/camadan/functions.php on line 1431

Q: Why is my bank asking me for “reviewed” financial statements?

View Answer >

Notice: Undefined offset: 0 in /vol/www/html/dev/wp-content/themes/camadan/functions.php on line 1431

Q: What are business accounting services?

View Answer >

Notice: Undefined offset: 0 in /vol/www/html/dev/wp-content/themes/camadan/functions.php on line 1431

Q: Is there such a thing as a Chartered Accountant – Expert in Taxes?

View Answer >

Notice: Undefined offset: 0 in /vol/www/html/dev/wp-content/themes/camadan/functions.php on line 1431

Q: How can an Accountant in Mississauga help my business obtain a bank loan or line of credit?

View Answer >

Notice: Undefined offset: 0 in /vol/www/html/dev/wp-content/themes/camadan/functions.php on line 1431

Q: Can inadequate business accounting services cause my business to fail?

View Answer >

Download Our Free Ebooks!

Learn tax tips and tricks for Canadians to save this tax season!

Pin It on Pinterest