Canada Tax

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Related Canada Tax Questions
Canada incorporation tax vs personal tax. I need chartered
Before applying as Incorporation a year ago, we used to submit the side of the business in our personal income tax. Now needing guidance as to differentiate corporation taxation vs. business in our personal tax. As directors of the corporation, me and my husband, do we still submit business tax information in our personal tax submission for this matter? We have not taken any salary from the business, how do we reflect this in our taxes (personal & corporation)?… read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
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My wife and I have a corporation. We decided to sell this
my wife and I have a corporation. We decided to sell this cooperation and have some TAX concerns.I have a question need Tax expert's advice and tell me whether my planning is correct or not?I am plann… read more
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AndrewD914
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If I have a TFSA in Ontario and I have it connected so that
If I have a TFSA in Ontario and I have it connected so that I can buy stocks, what happens if the stock grows substantially. Say to $200,000… read more
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Living in US on TN visa since Mar 2019. I have private
hi, I'm Canad***** *****ving in US on TN visa since Mar 2019. I have private company equities(CCPC) and real state property in BC that I'm planning to sell now. I'm looking for some advice on tax impl… read more
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I am an employee, but I have a side hustle as well. I do not
I am an employee, but I have a side hustle as well. I do not know if i should incorporate now or still stay as a sole proprietor I am from Toronto Canada. I am not from the USA. … read more
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I'm currently a student and I recently started a tfsa and I
hi, i'm currently a student and I recently started a tfsa and I would like to start buying and selling stocks. I just wanted advice on whether I should do this in a personal account and what are the t… read more
Robin D.
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Vocational, Technical or Trade School
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I hold a number of equities (stock) which have performed
I hold a number of equities (stock) which have performed poorly this past calendar year. If I sell these aforementioned equities before the end of the calendar year (ie. 2019), can I claim the lost am… read more
Arthur Rubin
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I am selling 100% shares in my Canadian corporation. Do we
I am selling 100% shares in my Canadian corporation. Do we need to register the change of the ownership somewhere with the state or regional government or with the tax authorities?… read more
Jeffrey Horning
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I own shares in a company and want to sell value of shares
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Stephen G.
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My mom died in March whom owned all the shares. in May all
my mom died in March whom owned all the shares. in May all the shares were transferred into my name the fmv of the realestate was 1.7 million and i am informed that i shouldsell the corporate assets w… read more
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I currently own a corporation that I use t provide my
Hello, I currently own a corporation that I use t provide my services to the film and television industry. Also, personally, I own my own house and currently wondering if I should sell my home to the … read more
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I have been working as a sole proprietorship for the last 15
I have been working as a sole proprietorship for the last 15 years. I would like to incorporate my business, and I am I looking to setup OpCo - HoldCo structure for tax deferral purpose. Is there a go… read more
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I am a US citizen but have a child support modification
I am a US citizen but have a child support modification ongoing in QC, Canada. My US tax return is used however I as bound by Revenue Canada tax rules to report my own real estate holding company as a… read more
Lev
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In the year 1999 and 2000,I started a company and sold 135
In the year 1999 and 2000,I started a company and sold 135 ,000 dollars in shares. I thought that my accountant put this through as a capital gains deduction but when I checked a couple of months ago,… read more
taxmanrog
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My question is related to claiming Lifetime Capital
Hello, My question is related to claiming Lifetime Capital Gains Exemption in Canada. I'm considering selling my small business CCPC to a non-resident of Canada (100% of shares to someone from Panama)… read more
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I am a Canadian citizen and I am on the stock market in weekly
I am a Canadian citizen and I am on the stock market in weekly covered calls. Since it is every week, I make some 20 transactions a week. I buy stocks and sell covered calls. Since the stocks and opti… read more
Robin D.
Robin D.
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My husband & I own shares in our business 50/50. Upon death
My husband & I own shares in our business 50/50. Upon death of one of us, we have willed the business to the remaining spouse. Upon death of the remaining spouse, we have willed the business (incorpor… read more
Law.Hut
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Mother wants to leave her 40% shares in ltd bc company to son
Mother wants to leave her 40% shares in ltd bc company to son and daughter in law. which is best way to minimize taxes? Should she gift the shares to her son and daughter in law (both hold 60% shares … read more
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