Canada Tax

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Purchased my home in 2004 for 320K - sold in 2021 for 800K.
purchased my home in 2004 for 320K - sold in 2021 for 800K … read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
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I recently move from one place to another in Alberta 105kms
I recently move from one place to another in Alberta 105kms way . I have a question about eligible income at me location … read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
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I sold a piece of farm equipment. How do I report that on my
I sold a piece of farm equipment. How do I report that on my personal Canada income tax return … read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
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I have a few questions about taxes in Canada ( Alberta
Hi There, i have a few questions about taxes in Canada ( Alberta Province )1. I purchase two stocks ( 1 stock worth 20k ) of a real estate company and the went bankrupt last year of March . How do I c… read more
AndrewD914
AndrewD914
CPA, CA, CFA
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My wife and I owned land with our daughter and son-in-law,
My wife and I owned land with our daughter and son-in-law, we sold it in 2021. On our personal income tax filing, do we each enter 25% of the sale price? … read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
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I would like to know how much capital gains will have to be
I would like to know how much capital gains will have to be paid on a sale of land … read more
Robin D.
Robin D.
Vocational, Technical or Trade School
24,633 satisfied customers
Andrew, i have a question about capital gain payment with
Hi Andrew, i have a question about capital gain payment with vendour take back. If i sell a building for 1.5M and i give a 1M vendour take back, how do i pay capital gain? Thc… read more
AndrewD914
AndrewD914
CPA, CA, CFA
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I have a situation with a client that I purchased from a
I have a situation with a client that I purchased from a previous company just this year. The client purchased a house in 2019 that was intended to be used as an Airbnb. It was capitalized and reporte… read more
Robin D.
Robin D.
Vocational, Technical or Trade School
24,633 satisfied customers
Robin. I am in calgary albertamy name is an my husband and i
i am in calgary albertamy name is brenda an my husband and i bought 150 acres of land in march 2012 and sold it in november of 2020, the land was not able to be used for anything at all it was too rocky. we never lived there the entire time we owned it, the only we ever spent he night there was maybe 4 or 5 times a year we would go up for the weekend. my question is do we claim it on our 2020 taxes since it was a non primary residence … read more
Robin D.
Robin D.
Vocational, Technical or Trade School
24,633 satisfied customers
We own 30 acres - less 8 acres of water that is crown land -
we own 30 acres - less 8 acres of water that is crown land - we have a house 4 car garage and barn. we bought it in 1994 for 300m and is probaly valued at 4 mill. we have added a 200 ft. river and wat… read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
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This was concerning Capital gains. Lets say that there is a
Hi Andrew,This was concerning Capital gains. Lets say that there is a Capital gains of $300,000. over a period of 8 years. I lived in it from when I bought it and moved out 2 years before I sold it wi… read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
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I lived in a condo for 3 to 5 years that I bough and moved
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AndrewD914
AndrewD914
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I would like to know how selling my mother's farmland in
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AndrewD914
AndrewD914
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I'm in Toronto. My father passed away January 5 and I am the
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AndrewD914
AndrewD914
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I was one of 3 people named in a friends estate, the estate
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AndrewD914
AndrewD914
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Was gifted a piece of vacant land assessed at 74000 at the
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Tax.appeal.168
Tax.appeal.168
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How is Capitol gains figured. A cabin and some land with it,
How is Capitol gains figured JA: What are the assets or property for this capital gain? Customer: A cabin and some land with it, about 1+ acres JA: Anything else you want the Accountant to know before… read more
Legal Ease
Legal Ease
Lawyer
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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
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
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