Canada Tax

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Related Canada Tax Questions
Simple tax question around an investment with unrealized
simple tax question around an investment with unrealized gain... what do your services cost to go ahead and chat with an accountant? … read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
827 satisfied customers
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
827 satisfied customers
I have a canadian corporation in which there has been no
I have a canadian corporation in which there has been no income so far from the actual business but I have been day trading in stocks (buying and selling the same day) using the brokerage account tied… read more
Brian C. CPA
Brian C. CPA
Managing Director
CPA LICENSE IN CALIFORNIA AND TEXAS
21 satisfied customers
I'm confused on FX to FX transactions. Should I be reporting
I'm confused on FX to FX transactions. Should I be reporting decentralized trades to Canada revenue agency? I just sold 93K and Purchased another Crypto with it. Do I have to declare it until I cash o… read more
Arthur Rubin
Arthur Rubin
Tax Preparer
Doctoral Degree
2,224 satisfied customers
I have a question about my TFSA and the consequences of
Hi, I have a question about my TFSA and the consequences of making a trade that will make a higher than normal return that may result in a tax audit from the CRA. Is it better the move transfer my sha… read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
827 satisfied customers
I have been mining cryptocurrency for the last 3 years...
I have been mining cryptocurrency for the last 3 years... this year i have sent some crypto to my husband (legally married to) which he withdrew for cash and sent me the money to my bank account. Now … read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
827 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
827 satisfied customers
In Canada how is Crypto Currency taxed? I don't understand
In Canada how is Crypto Currency taxed? I don't understand the examples on CRA website. What kind of records should I keep?… read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
827 satisfied customers
I invested in bitcoin overseas, and incurred a 65,000 CAD
I invested in bitcoin overseas, and incurred a 65,000 CAD loss. How do I report it and can I reduce income etc with this amount. Taxes on money removed from RRIF is significant, so can I reduce this i… read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
827 satisfied customers
I live in Alberta, Canada. I have been mining cryptocurrency
I live in Alberta, Canada. I have been mining cryptocurrency for a period of 2 years to say so, done some very good tradings who paid off good. Now i would like to take my profits and change them to c… read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
827 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
827 satisfied customers
I have questions about selling bitcoin in Canada. How much
I have questions about selling bitcoin in Canada. How much will I owe in taxes? … read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
827 satisfied customers
I have a question about minimizing taxable capital gains as
Hi, I have a question about minimizing taxable capital gains as an individual … read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
827 satisfied customers
I have a CRA audit coming up at my home in Windsor, Ontario.
I have a CRA audit coming up at my home in Windsor, Ontario. One of the subjects of the audits is going to be my cryptocurrency trading activity. I would like to know if the CRA person conducting the … read more
Arthur Rubin
Arthur Rubin
Tax Preparer
Doctoral Degree
2,224 satisfied customers
I'm a permanent resident in Ontario, Canada. I've recently
I'm a permanent resident in Ontario, Canada. I've recently received a CRA audit letter. The main subject of the letter was regarding crypto currency transactions. While I haven't disclosed my activiti… read more
Arthur Rubin
Arthur Rubin
Tax Preparer
Doctoral Degree
2,224 satisfied customers
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
Robin D.
Robin D.
Vocational, Technical or Trade School
24,080 satisfied customers
Tax treatment of sale proceeds from disposal of home
I purchased a pre development townhouse in 2011 which closed in 2013. Shortly after close I listed the home for sale as my client base changed therefore the location of the home was no longer practice… read more
Barbara
Barbara
Enrolled Agent, Paralegal
21,752 satisfied customers
How do I calculate my FOREX trading gains for canadian tax
How do I calculate my FOREX trading gains for canadian tax purposes (assuming capital gains)? Please provide a detailed example. Can I use a CAD conversion rate(at buy/sell time) other than the BankOf… read more
Robin D.
Robin D.
Vocational, Technical or Trade School
24,080 satisfied customers
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