Canada Tax

Canada tax questions answered by Experts

Connect one-on-one with {0} who will answer your question

Related Canada Tax Questions
Resident of Canada and am selling my vacation house with 290
I am Non-Resident of Canada and am selling my vacation house with 290 acres of land (ALR). I know I do have to pay taxes on capital gain (if any) on this. The house is fully furnished and I have lots … read more
YawxO
YawxO
Consultant
MBA, Accounting
1,727 satisfied customers
How do I calculate how much capital gains I will pay if I
how do I calculate how much capital gains I will pay if I sell the house my father left to me when he dieded in 2015. he put my name on title in 2002 after my mother died. so I did not have to pay inh… read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
819 satisfied customers
Wondering if there is any capital sale tax exemption such as
Hi Andrew! wondering if there is any capital sale tax exemption such as farming if you are still a farm registrant and have a secondary house in town that you wish to sell in the future.… read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
819 satisfied customers
I am a Canadian resident with property in Ireland that I
Hi I am a Canadian resident with property in Ireland that I would like to sell to a relative. I am wondering what the tax implications are and if there is withholding at source on the sale? … read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
819 satisfied customers
For how many years do you have to run your property as a
for how many years do you have to run your property as a farm to avoid capital gains (if your farm generates sufficient income)? … read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
819 satisfied customers
How can I lower my tax if I sell my building due to covid
How can I lower my tax if I sell my building due to covid hardship. If I have eg 1 million dollar difference from buying and selling now … read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
819 satisfied customers
I was one of 3 people named in a friends estate, the estate
I was one of 3 people named in a friends estate, the estate was worth 1.2 million, and the executor said the estate was not exempt from Capital Gains as I was not a blood relative, I have now heard th… read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
819 satisfied customers
My partner passed this past JUne. We lived together on the
My partner passed this past JUne. We lived together on the farm then sub divided to 8.24 acres in 1989. He lived there all his life and I moved in in 1977. It was just a 2 years ago or less we clued i… read more
Arthur Rubin
Arthur Rubin
Tax Preparer
Doctoral Degree
63 satisfied customers
My mother lives in a condo in British Columbia. When she
My mother lives in a condo in British Columbia. When she purchased the condo a few years ago my sibling and I had our names put on the title, so we are all joint tenants with rights of survivorship. T… read more
Mark Anderson
Mark Anderson
Attorney
Doctoral Degree
1,069 satisfied customers
I sold my farm land in 2017 my husband farmed it until he
I sold my farm land in 2017 my husband farmed it until he got sick then rented it out , when he passed away I continued to rent it so it has always been farmed. But when I sold it last year I was told… read more
Mark Anderson
Mark Anderson
Attorney
Doctoral Degree
1,069 satisfied customers
How is Capitol gains figured. A cabin and some land with it,
How is Capitol gains figured JA: What are the assets or property for this capital gain? Customer: A cabin and some land with it, about 1+ acres JA: Anything else you want the Accountant to know before… read more
Legal Ease
Legal Ease
Lawyer
Doctoral Degree
138,527 satisfied customers
My mother inherited a canadian farm my father owned. It was
My mother inherited a canadian farm my father owned. It was not in her name when he owned it. She is not a resident of canada. Neither of them have been primary residents since he's owned the farm. Sh… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
21,476 satisfied customers
My Saskatchewan, Canada farm land was foreclosed on me by the
My Saskatchewan, Canada farm land was foreclosed on me by the bank in the late 1980's. I used $450,000 Capital Gains Exemption at that time. Because of "right of first refusal", I was able to repurcha… read more
ShawnA
ShawnA
CEO
Bachelor's Degree
2,450 satisfied customers
Purchased property in 1978. Apartment attached to the main
Purchased property in 1978 for 59K. Apartment attached to the main house we claimed 25% expenses. We built a new double garage plus loft and a downstairs bathroom. Approx. cot 40K. Also purchased the … read more
Legal Ease
Legal Ease
Lawyer
Doctoral Degree
138,527 satisfied customers
My husband inherited land in northern Ireland from his mother
my husband inherited land in northern Ireland from his mother when she passed away about 15 years ago. we had planned on building a cottage on it and live there 4-6 months every year after we retired … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
21,476 satisfied customers
I am a former Canadian and now a US citizen living in Maryland.
I am a former Canadian and now a US citizen living in Maryland. My Canadian mother, who lives in Ontario is 88 years old with Alzheimer's. My father has passed away. My Canadian sister who lives in On… read more
Legal Ease
Legal Ease
Lawyer
Doctoral Degree
138,527 satisfied customers
I would like to know the following regarding declaring foreign
I would like to know the following regarding declaring foreign property and the T1135 form: 1. I moved to Canada in 2012 with a PR And currently working there and I declare my income tax as I should 2… read more
Robin D.
Robin D.
Vocational, Technical or Trade School
24,063 satisfied customers
My husband is a resident of the USA and owes 2/3 of 160 acres
My husband is a resident of the USA and owes 2/3 of 160 acres of vacant agriculture land in Grimshaw Alberta, now being used by a neighbor to graze cattle. There are no buildings on the property of an… read more
Legal Ease
Legal Ease
Lawyer
Doctoral Degree
138,527 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Arthur Rubin

Arthur Rubin

Tax Preparer

63 satisfied customers

Tax preparer with 23 years experience, including US/Canada tax returns.

AndrewD914

AndrewD914

CPA, CA, CFA

819 satisfied customers

Expert

Legal Ease

Legal Ease

Lawyer

138,527 satisfied customers

Lawyer

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,338 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

6,066 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

876 satisfied customers

B.A., M.B.A, J.D.

< Previous | Next >

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x