Canada Tax

Canada tax questions answered by Experts

Connect one-on-one with {0} who will answer your question

Related Canada Tax Questions
Cottage was destroyed by fire March 2020. Used as an AIRBNB
Cottage was destroyed by fire March 2020. Used as an AIRBNB rental and was provided rental loss by insurance company for remainder of 2020 year (as allowed the times based on COVID restrictions). I no… read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
877 satisfied customers
My parents bought a 2nd home (cottage) in 1972 while owning
My parents bought a 2nd home (cottage) in 1972 while owning a city home (principal residence). They sold the city home in 1993 and moved to the cottage fulltime which then became their principal resid… read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
877 satisfied customers
My father owned two properties in Toronto: one is where he
My father owned two properties in Toronto: ***** ***** where he lived and one is a rental property. My name is ***** ***** titles but I did not manage or receive rental income or live there. My father… read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
877 satisfied customers
I just sold a secondary resident cottage and have to pay
i just sold a secondary resident cottage and have to pay capital gains on it. DOes the Capital Gains deduction cover any of this … read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
877 satisfied customers
If I sell a cottage property can I add $5,000 per year since
If I sell a cottage property can I add $5,000 per year since I own the property to the cost base? … read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
877 satisfied customers
I moved from an apartment that i lived in and into my
i moved from an apartment that i lived in and into my townhouse that was my rental in march 2019 - then i rented my apartment so it is now a rental - what documents do i have to fill out for taxes and… read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
877 satisfied customers
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
Legal Ease
Legal Ease
Lawyer
Doctoral Degree
301 satisfied customers
WE own a summer cottage and rent where we live,WE own no
WE own a summer cottage and rent where we live,WE own no other property and we are both 80 years old.How do we sell or transfer our cottage property re. capital gains. … read more
Barbara
Barbara
Enrolled Agent, Paralegal
20,534 satisfied customers
And it is about capital gains when selling a cottage
***** ***** and it is about capital gains when selling a cottage My husband and I sold our cottage this year. We owned it as tenants in common. I put the downpayment down and we paid the rest together… read more
Legal Ease
Legal Ease
Lawyer
Doctoral Degree
301 satisfied customers
We built a cottage 50 miles from our town. It took us close
We built a cottage 50 miles from our town. It took us close to ten years to build and we used a lot of used materials like the windows from our house, the doors. We lost most of our bills threw the ye… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
20,747 satisfied customers
Applies to Canada. Questions relate to a property changing
Applies to Canada. Questions relate to a property changing from personal use to rental use and proper reporting of a disposition in 2015 income tax filing. Scenario: Single family home (Property A) pu… read more
Robin D.
Robin D.
Vocational, Technical or Trade School
23,570 satisfied customers
In the year 1999 and 2000,I started a company and sold 135
In the year 1999 and 2000,I started a company and sold 135 ,000 dollars in shares. I thought that my accountant put this through as a capital gains deduction but when I checked a couple of months ago,… read more
taxmanrog
taxmanrog
Master's Degree
2,202 satisfied customers
Completing a final tax return who died in November
Completing a final tax return for someone who died in November 2014, in Ontario. They owned a condo and a cottage, condo value has been flat, cottage --owned longer-- has appreciated significantly. Am… read more
Arthur Rubin
Arthur Rubin
Tax Preparer
Doctoral Degree
58 satisfied customers
We had the valuation done on our cottage in 1994.I sold it
We had the valuation done on our cottage in 1994.I sold it June2014.How do I get the information that I need for the accountant to do the Capital Gains tax ?.My husband died Dec.16,1997and I can't fin… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
20,747 satisfied customers
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
20,747 satisfied customers
my husband and I have three separate tax properties which our
my husband and I have three separate tax properties which our only land no buildings appraisal value 7,000. and 3,500. anyway we would like to sign over these properties to our children what for no co… read more
Legal Ease
Legal Ease
Lawyer
Doctoral Degree
301 satisfied customers
We have sold our cottage and just need some advice on capital
We have sold our cottage and just need some advice on capital gains. Please correct me if I am wrong but this is how I understand the calculation is made. Purchase price plus improvements gives you ad… read more
Arthur Rubin
Arthur Rubin
Tax Preparer
Doctoral Degree
58 satisfied customers
I have a U.S. S-corp that owns a cottage in Canada. I am a
I have a U.S. S-corp that owns a cottage in Canada. I am a U.S. citizen. I intend to sell the cottage and am trying to get a handle on my capital gains liability. Since I do not rent the property, I d… read more
Legal Ease
Legal Ease
Lawyer
Doctoral Degree
301 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Arthur Rubin

Arthur Rubin

Tax Preparer

58 satisfied customers

Tax preparer with 23 years experience, including US/Canada tax returns.

AndrewD914

AndrewD914

CPA, CA, CFA

877 satisfied customers

Expert

Legal Ease

Legal Ease

Lawyer

301 satisfied customers

Lawyer

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,338 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

6,043 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

864 satisfied customers

B.A., M.B.A, J.D.

< Previous | Next >

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x