Canada Tax

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Related Canada Tax Questions
If I filed my tax late and I owed nothing the year prior,
If I filed my tax late and I owed nothing the year prior, what would my penalties be? Say if I waited til August?… read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
770 satisfied customers
This was concerning Capital gains. Lets say that there is a
Hi Andrew,This was concerning Capital gains. Lets say that there is a Capital gains of $300,000. over a period of 8 years. I lived in it from when I bought it and moved out 2 years before I sold it wi… read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
770 satisfied customers
I lived in a condo for 3 to 5 years that I bough and moved
I lived in a condo for 3 to 5 years that I bough and moved out in June /July 2019 and rented it to someone for a 1 year lease but he had to break it it so it was rented to another person till they mov… read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
770 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
770 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
770 satisfied customers
I just sold a secondary resident cottage and have to pay
i just sold a secondary resident cottage and have to pay capital gains on it. DOes the Capital Gains deduction cover any of this … read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
770 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
770 satisfied customers
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
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
770 satisfied customers
I am single, not married. I make less than $4,000/year. My
I am single, not married. I make less than $4,000/year. My boyfriend, who never lived with me, left me and left me the house which I have been living. He sold it to me for a dollar and the official ti… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,532 satisfied customers
Let's say I have two properties in Canada 1 - Primary
Hi,Let's say I have two properties in Canada1 - Primary Residence 2 - Rental PropertyWhat is the best strategy to sell these properties if I am moving out? Are there any Tax Exemptions?… read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
770 satisfied customers
Canadian Income Tax Question........I have a bunch of
Canadian Income Tax Question........I have a bunch of "carryover amounts " in my personal income tax file from several past years. Wait times on line are very long and I will probably need an accounta… read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
770 satisfied customers
Can we claim lifetime capital gains exemptions on sale of
can we claim lifetime capital gains exemptions on sale of 10% of CCPC … read more
Tax.appeal.168
Tax.appeal.168
Principal
8,188 satisfied customers
My mother put in an offer on a house 12 years ago but didn't
My mother put in an offer on a house 12 years ago but didn't qualify for a mortgage so the offer was transferred into my husband's name and he got the mortgage for her. The title remained in his name.… read more
Legal Ease
Legal Ease
Lawyer
Doctoral Degree
301 satisfied customers
I am an American citizen with no residency status in Canada.
I am an American citizen with no residency status in Canada. I bought a condo while I was working in the country for a year, but now need to return to the US and want to sell the condo. Is it true tha… read more
Legal Ease
Legal Ease
Lawyer
Doctoral Degree
301 satisfied customers
My partner and I both worked as employees last year who travelled
My partner and I both worked as employees last year who travelled a lot for work. It was a sales and service job. We're trying to do our taxes and this is the first time we've ever had to deduct any k… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,532 satisfied customers
I am a non-resident Canadian. I have been living abroad for
I am a non-resident Canadian. I have been living abroad for 17 years. I would like to transfer my canadian RRSP and LIRA to my pension fund abroad. I understand that I will have to pay 25% tax when I … read more
Robin D.
Robin D.
Vocational, Technical or Trade School
23,889 satisfied customers
If I transfer stocks I own personally to my incorporated business
If I transfer stocks I own personally to my incorporated business (100% owned by me) will any capital gain have to be taken by me or will it be added to the tax base of the corporation and I will pay … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
21,212 satisfied customers
I am a permanent resident of Canada (British passport holder),
I am a permanent resident of Canada (British passport holder), with a Canadian spouse. I moved here in 2009, keeping property in the UK. I have declared the income from both of these properties on all… read more
Arthur Rubin
Arthur Rubin
Tax Preparer
Doctoral Degree
63 satisfied customers
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Arthur Rubin

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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.

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