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I became joint cottage owner with my father in 2008. He died
I became joint cottage owner with my father in 2008. He died in 2017. He sold his house a after my mother passed away in 2005. Estate can claim cottage as principal residence from 2005. And for 20 yea… read more
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My mother who is a non resident and a Foreign national has a
My mother who is a non resident and a Foreign national has a residential property in Ontario Canada that she wants to sell, does she has to pay tax on the profit she is making from the increase in the… read more
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Legal Ease
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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
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An estate account in Ontario is in the process of being
An estate account in Ontario is in the process of being closed; the correct share of the funds were wired to a benificiary who lives in the US. ( The process of probate already happened. ) Is CRA form… read more
TaxRobin
TaxRobin
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Second opinion] - I inherited US money from my relative
Second opinion] - I inherited US money from my relative citizen of the US. Now everything is processed. This amount might be 50.000 to (probably) 100.000 US dollars. I am a Canadian citizen with a ver… read more
Expert
Expert
I have a brokerage account for my California corporation. I
I have a brokerage account for my California corporation. I was considering investing in a stock listed on the Canadian stock exchange. An advisory notice popped up that Canada would withhold 25% taxe… read more
Barbara
Barbara
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I am a single dual Canadian / US citizen. I have been a non
I am a single dual Canadian / US citizen. I have been a non resident of Canada for 25 years and resident of USA for nearly 20 years. I have 2 homes in USA, and have just bought a condo in Canada 2 yea… read more
Barbara
Barbara
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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
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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
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I had a question about canadian capital gains on excluded property
hi i had a question about canadian capital gains on excluded property being taken by a spouse in case of separation /div. Can a deemed disposal date instead of marriage date be used for a non resident… read more
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I am a nonresident canadian having a condo (Montreal) in which
I am a nonresident canadian having a condo (Montreal) in which my two daughters ( 28 and 30 years of age) are living. I would like to buy 2 other condos in Montreal for investment . What is the best p… read more
TaxRobin
TaxRobin
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MY HUSBAND INHERITED FARM LAND IN NORTHERN IRELAND AND HAS
MY HUSBAND INHERITED FARM LAND IN NORTHERN IRELAND AND HAS HELD IT FOR 15 YEARS WITH PLANS TO BUILD ON IT SOMEDAY. WE HAVE NOW DECIDED THAT IT IS UNAFFORDABLE FOR US AND WE WILL SELL IT AND BRING THE … read more
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Legal Ease
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My mother in law moved to Canada in 2005 and subsequently died
My mother in law moved to Canada in 2005 and subsequently died there in 2009. My husband (in uk) and his sister(in Canada) inherited his mothers apartment and they have been renting it since. My husba… read more
Legal Ease
Legal Ease
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Hi there, my mother is wanting to buy a condominium property
Hi there, my mother is wanting to buy a condominium property in Toronto but currently lives in New Zealand although she visits for about 3 months each year. Are there any tax consequences or triggers … read more
TaxRobin
TaxRobin
Senior Tax Advisor 4
Vocational, Technical or Trade School
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This is a capital gains question. I purchased rental income
This is a capital gains question. I purchased rental income building. The building had five residential units and one commercial unit. I did not reside there. Building Purchased: 2004 Purchase Price: … read more
Legal Ease
Legal Ease
Lawyer
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Hello,Im a dual citizen of Canada & Australia and have
Hello, I'm a dual citizen of Canada & Australia and have been a non-resident of Canada for tax purposes for many years. I currently hold financial investments managed by an Canadian investment firm th… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
13,604 satisfied customers
I am Canadian and a legal permanent resident of the USA since
I am Canadian and a legal permanent resident of the USA since 2005. I have a house that I own in Canada. It has not been rented, my son lives in it and attends university. In the USA, you are entitled… read more
Legal Ease
Legal Ease
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U.S. citizen mother gives Canadian real estate to son, then
U.S. citizen mother gives Canadian real estate to son, then mother dies. The property is appraised for higher value than mother's cost basis at time of gift. 1. Is there a capital gains tax due on the… read more
Legal Ease
Legal Ease
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