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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
bkb1956
bkb1956
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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
Lane
Lane
JD, MBA, CFP, CRPS
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Does a returning resident (absent decades) only include worldwide
Does a returning resident (absent decades) only include worldwide income in his/her Canadian tax return in the year of return from the date they arrived back in Canada as a resident?… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
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Applies to Canada. Questions relate to a property changing
Applies to Canada. Questions relate to a property changing from personal use to rental use and proper reporting of a disposition in 2015 income tax filing. Scenario: Single family home (Property A) pu… read more
TaxRobin
TaxRobin
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Vocational, Technical or Trade School
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I am a Canadian considering being an advisor to a couple of
I am a Canadian considering being an advisor to a couple of privately held US tech companies. In each case, I would be performing advisory services in Canada and receive stock option equity that would… read more
bkb1956
bkb1956
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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
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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
taxmanrog
Master's Degree
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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
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
29,882 satisfied customers
I am a canadian citizen and live in canada. my question is
i am a canadian citizen and live in canada. my question is if i buy 100 shares stock A in 2014 at $10, and buy more 100shares stock A in 2015 for $20. In 2016, stock A is worth $15, and I sell 100 sha… read more
Legal Ease
Legal Ease
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I want to sale a farm. When does Capital Gains set in or what
I want to sale a farm. When does Capital Gains set in or what would I have to pay? Would I have to pay HST? What about land transfer taxes? How much might they be? My husband and I were joined owners.… read more
TaxRobin
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Vocational, Technical or Trade School
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I am looking to ask a question to a tax lawyer.I have a small
I am looking to ask a question to a tax lawyer. I have a small incorporated business in Ontario Canada since 1983, I lease out space within our main building to other businesses, out of 7704 sq ft we … read more
TaxRobin
TaxRobin
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Vocational, Technical or Trade School
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I've been filing my taxes as self-employed but then incorporated
I've been filing my taxes as self-employed but then incorporated a company in Mar 2013. How do my personal return change? Self-employed with clients doing financial/business services. Used T2202 when … read more
Lane
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JD, MBA, CFP, CRPS
Doctoral Degree
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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
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JD, MBA, CFP, CRPS
Doctoral Degree
29,882 satisfied customers
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
Law.Hut
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Tax or real estate question, province of Quebec. We own
Tax or real estate question, province of Quebec. We own a city home and a piece of land If we will build a chalet on the land we own and move there, how long must it be our domicile before we can sell… read more
Legal Ease
Legal Ease
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We have sold our cottage and just need some advice on capital
We have sold our cottage and just need some advice on capital gains. Please correct me if I am wrong but this is how I understand the calculation is made. Purchase price plus improvements gives you ad… read more
Arthur Rubin
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Doctoral Degree
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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
Legal Ease
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if i worked in germany for 4 years as a canadian.(husband was
if i worked in germany for 4 years as a canadian.(husband was in military)now i collect a pension from there.i claim it on my taxes each year,now im getting tax form from there,wanting me to pay doubl… read more
CGCPA
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