Canada Tax

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Related Canada Tax Questions
I work in Montreal, Quebec Canada. I'm using ufile for my
I work in Montreal, Quebec Canada. I'm using ufile for my tax return. Do I report my rsp's from work in the T4 form under other income pprp or in the rrsp sectionÉ … read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
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I invested in a company that was biulding an apartment with
I invested in a company that was biulding an apartment with a 7% annual return backed by an apartment in the complex. The company went into receivership and bankruptcy so I lost 100% of my investment.… read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
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I have two questions, can I claim my group RSP deduction in
Hi I have two questions, can I claim my group RSP deduction in my return both my contribution and the employers? The second question, can I claim dental fees for an implant that I paid in installment?… read more
AndrewD914
AndrewD914
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If I bought a franchise which had a 10 year period but quit/
If I bought a franchise which had a 10 year period but quit/ dropped out of the franchise 3 years in, does the remaining (lost) 70% of the original purchase count as a business loss?… read more
AndrewD914
AndrewD914
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Bachelor's Degree
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This is a continuation from our last chat about ABIL. My
Hey Andrew - this is a continuation from our last chat about ABIL.My business dissolved in 2018, so I know you recommended we go back and ammend that year to file at least a portion of the loss in tha… read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
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I live in Ontario Canada and I have a question about
Hi, I live in Ontario Canada and I have a question about financials. I have my contribution limit for my RSP is $2400. I maxed out that limit with stocks and ETF's. I deposited an extra $2000 cash int… read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
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A few things in one. This is related to me filing my
HelloA few things in one. This is related to me filing my personal sole proprietor Canadian taxes - and in conjuncts with business investment losses with a previously owned CorporationI held majority … read more
AndrewD914
AndrewD914
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Bachelor's Degree
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I helped out an American company with the promotion of their
I helped out an American company with the promotion of their product in the area. All I did was make a few introductions and phone calls. … read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
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I had stock options with a company I work for, and when the
I had stock options with a company I work for, and when the company was bought out, they acquired my options and bought them for a cash-out amount. What question do I need to specifically ask my emplo… read more
AndrewD914
AndrewD914
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I'm in the process of doing the income tax here in Canada
Hi! I'm in the process of doing the income tax here in Canada and I have a couple questions could you help me out ? … read more
Rick
Rick
MBA
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My husband owns his own company but things have been slow so
My husband owns his own company but things have been slow so he has taken a job as an employee with another company. Problem is that we still have monthly expenses to come out of the business account.… read more
Matthew Breecher
Matthew Breecher
President
MBA (Graduate Legal Studies)
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My wife received a retiring allowance after she lost of job
My wife received a retiring allowance after she lost of job of $22,000. She instructed her employer to transfer $10,000 directly to her RSP and pay $12,000 as cash (which got taxed at 20%). On her T4,… read more
Legal Ease
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Doctoral Degree
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I have an annual income of approx 90,000. I have an
I have an annual income of approx 90,000. I have an investment property that I am considering selling which will trigger capital gains of approx 100,000.00. I have unused RSP contributions of 179,000.… read more
Legal Ease
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I have an incorporated company through which I pay myself an
Hi I have an incorporated company through which I pay myself an income and make payroll deductions. On my last payroll deduction remittance which I did online, I paid it from my personal bank account … read more
Legal Ease
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Doctoral Degree
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Should an employee of an agent have the same rights as an employee
Should an employee of an agent have the same rights as an employee of the company hiring the Agent doing the exact same job in Canada? Specifically, a railway employee working for a contractor, not a … read more
Robin D.
Robin D.
Vocational, Technical or Trade School
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I recently unlocked a pension fund that I acquired while working
I recently unlocked a pension fund that I acquired while working as a nurse in Ontario. I now live in BC. I turned part of the fund into a RSP and the bank sent me a Contribution to RSP form. My quest… read more
ShawnA
ShawnA
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Foreign tax credit on rental loss, pls.In Canada, rental
Foreign tax credit on rental loss, pls. In Canada, rental loss can be offset with other income, eg, employment, so the total tax will be reduced accordingly. If a US citizen needs to report Canadian i… read more
Lev
Lev
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Bachelor's Degree Equivalent
41,334 satisfied customers
I am a Canadian (59 yrs. old) with American Citizenship and
I am a Canadian (59 yrs. old) with American Citizenship and have been living in the US for the past 25 years. I have a retirement account in Canada which I have not withdrawn any money from. My accoun… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
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