Canada Tax

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Related Canada Tax Questions
If I wanted to take the money that I would have declared as
If I wanted to take the money that I would have declared as dividends from the business as salary, am I able to do that without registering as an employee? What does that process look like? Do you think it would be easier for me to transfer ownership of my wife's shares to me so that we don't have to worry about all this dividend withholding stuff? It will put me in a higher tax bracket but maybe that is the easiest path. If I owned all of the shares, then I would not need to pay the government when a dividend is paid to me, only at the end of the year, since I am technically still a Canadian resident, is that correct? Do you have any other suggestions on how I can make this simple for us? … read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
940 satisfied customers
I was hoping to get some tax advice from a professional on
Hello,I was hoping to get some tax advice from a professional on my current business situation in Canada.I am a Canadian citizen and resident who opened a corporation in BC in April 2021. My wife is a… read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
940 satisfied customers
I am looking to establish dual residency. Canada and the
I am looking to establish dual residency. Canada and the Netherlands and am looking for advice on the implications. … read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
940 satisfied customers
I'm a doctor in canada dual citizen. Is there any benefit to
i'm a doctor in canada dual citizen. Is there any benefit to having a dividend account in the corporation? Will that allow me to save on taxes in canada? Even if it did my understanding is that the di… read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
940 satisfied customers
Robin:I am a US citizen and permanent resident of Canada
Hi Robin:I am a US citizen and permanent resident of Canada since 2017. I am retired with three sources of income: … read more
Robin D.
Robin D.
Vocational, Technical or Trade School
24,341 satisfied customers
It's tax related. Is that within your range of services? The
It's tax related. Is that within your range of services? … read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
10,672 satisfied customers
I have been living and working outside of Canada, and
I have been living and working outside of Canada, and haven't filed taxes since 2017 … read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
940 satisfied customers
I have a business in Belize that owns a rental house not
I have a business in Belize that owns a rental house not sure how to file here in Canada … read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
940 satisfied customers
I'm a dual citizen (US/Canada), currently residing in Canada
I'm a dual citizen (US/Canada), currently residing in Canada and considering a job offer to work remotely in the US. What are the tax implications of living in Canada and working in the US, compared t… read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
940 satisfied customers
I am a US citizen that has Canadian permanent residency, but
I am a US citizen that has Canadian permanent residency, but I am not living in Canada and have no income from Canada. However, I would like to open a Canadian brokerage account to purchase bonds. Wil… read more
Arthur Rubin
Arthur Rubin
Tax Preparer
Doctoral Degree
63 satisfied customers
Is a vacation property outside of Canada a "specified forien
Is a vacation property outside of Canada a "specified forien property ? … read more
taxmanrog
taxmanrog
Master's Degree
2,203 satisfied customers
I'm setting up an event ticketing system online and will be
I'm setting up an event ticketing system online and will be selling tickets for other companies internationally. I am in Canada and my web servers are in Canada too. If my client provides service in a… read more
Tax.appeal.168
Tax.appeal.168
Principal
8,189 satisfied customers
I am not a Canadian Citizen but want to own a business in
I am not a Canadian Citizen but want to own a business in BC, Canada. What are the tax implications? How do i acquire dividends legally?… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
26,664 satisfied customers
I am holding a PR card but living with my wife (canadian national)
I am holding a PR card but living with my wife (canadian national) and my kids (canadian nationals). I am earning in Pakistan and paying taxes here. I have also established a small company in Canada a… read more
Robin D.
Robin D.
Vocational, Technical or Trade School
24,341 satisfied customers
I am a Canadian who has been a non-resident of Canada
I am a Canadian who has been a non-resident of Canada for 14 years. I live in the British Virgin Islands which does not have a tax treaty with Canada. I get a pension from my former employer in Canada… read more
Robin D.
Robin D.
Vocational, Technical or Trade School
24,341 satisfied customers
Canada Tax question: Suppose I received UK dividend $33,333.
Canada Tax question: Suppose I received UK dividend $33,333. Dividend income $15,875 @ 10% + $17,458 @ 32.5% = $7,261.35. I paid UK tax $3,928.05 = $ 7,61.35 - $3,333.3 tax credit. Foreign dividends d… read more
taxadvisor.uk
taxadvisor.uk
Accountant and Tax Practitioner
Chartered Certified Accountant - FCCA
2,215 satisfied customers
I am a US Citizen and Permanent Resident of Canada. I live
I am a US Citizen and Permanent Resident of Canada. I live in Canada but also have a home in the US. I was recently hired by a US company that will allow me to work from home BUT they are not register… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
43,048 satisfied customers
I will be performing some consulting work for foreign customers
I will be performing some consulting work for foreign customers (outside of Canada). Is it legal to set up an offshore company to perform these services, and not being liable for Canadian taxes until … read more
Robin D.
Robin D.
Vocational, Technical or Trade School
24,341 satisfied customers
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