Canada Tax

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Related Canada Tax Questions
What are income tax implications to issuing shares to an
What are income tax implications to issuing shares to an employee at no cost or at a value that is less than fair market value in Ontario, Canada?… read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
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I am exercising share options in a New Zealand company, who
I am exercising share options in a New Zealand company, who is also incorporated in British Columbia and who I'm employed by. Is the gain considered a capital gain and open to that deduction by CRA … read more
AndrewD914
AndrewD914
CPA, CA, CFA
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I am a non-resident Canadian living in Chile. I am about to
I am a non-resident Canad***** *****ving in Chile. I am about to receive about $500,000 in after tax Canadian dollars from the settlement of a legal dispute. I am planning on investing the majority in… read more
AndrewD914
AndrewD914
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Bachelor's Degree
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I bought my first property in Surrey, BC Canada in 2011 for
I bought my first property in Surrey, BC Canada in 2011 for $470k, lived in it until 2015 when I bought another house and turned this one into a rental property. The property value increased to about … read more
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AndrewD914
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I'm a Canadian living in Canada, setting up an Amazon
Hi! I'm a Canad***** *****ving in Canada, setting up an Amazon business on Amazon.com to sell to the US market. I've already set up an LLC, but I just heard that that may not be the best way to go - t… read more
AndrewD914
AndrewD914
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I am a Canadian living in the Bahamas and I have a business
Hello, I am a Canad***** *****ving in the Bahamas and I have a business in the US. My accountant told me that if I pay myself as a foreign company I am not liable for taxes in the US on that income as… read more
Robin D.
Robin D.
Vocational, Technical or Trade School
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We are buying land to build a duplex on, and would like to
Second Opinion] We are buying land to build a duplex on, and would like to ask questions about GST and deferral options … read more
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I am launching my shopify account on Friday and I'm confused
Hi I am launching my shopify account on Friday and I'm confused about the tax rates … read more
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Robin D.
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I'm a Canadian citizen living in the United States with a
I'm a Canadian citizen living in the United States with a Tax Free Savings Account in Canada with dividend paying stocks. I would like to know the tax implications in the United States. … read more
NelsonProTax
NelsonProTax
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Master's Degree
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I am a Canadian living and working in Canada, my husband is
I am a Canad***** *****ving and working in Canada, my husband is an American living and working in the United States. How do we handle income taxes? … read more
ALEX O
ALEX O
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Master's Degree
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I am a U.S. citizen and professional that lived in the U.S.
Hi There,I am a U.S. citizen and professional that lived in the U.S. from 1985-2016, and now live in Canada as of 2016. I married a Canadian citizen in August 2019, and we plan to live in Canda for th… read more
NelsonProTax
NelsonProTax
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Master's Degree
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I am selling 100% shares in my Canadian corporation. Do we
I am selling 100% shares in my Canadian corporation. Do we need to register the change of the ownership somewhere with the state or regional government or with the tax authorities?… read more
Jeffrey Horning
Jeffrey Horning
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I recently sold my shares of a CCPC but the proceeds are
I recently sold my shares of a CCPC but the proceeds are being paid out in four instalments over the next 18 months. When I file my taxes for 2018 do I account for the aggregate of the four instalment… read more
taxmanrog
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I am the sole owner of a canadian limited company, I would
I am the sole owner of a canad***** *****mited company, I would like to take money out of my limited company for a down payment on a house I am buying, my previous answer says this money if not paid b… read more
Lane
Lane
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Doctoral Degree
21,212 satisfied customers
I have been working as a sole proprietorship for the last 15
I have been working as a sole proprietorship for the last 15 years. I would like to incorporate my business, and I am I looking to setup OpCo - HoldCo structure for tax deferral purpose. Is there a go… read more
Lane
Lane
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Doctoral Degree
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Our company owns a mobile home that is in a trailer park. We
Hi, our company owns a mobile home that is in a trailer park. We are selling it and have a buyer for it. Do we charge GST to the buyer? … read more
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Anne
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Six years ago my wife and I purchased real estate bonds with
Six years ago my wife and I purchased real estate bonds with Stoneset Equities for a condo development in Invermere BC. A year after we purchased these bonds we were informed that Stoneset had run int… read more
Barbara
Barbara
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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
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Lane
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