Canada Tax

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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
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I have rental income from Canada in 2020 as a non-resident.
I have rental income from Canada in 2020 as a non-resident. Can I claim CCA as a non-resident?… read more
AndrewD914
AndrewD914
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I'm looking for a canadian tax accountant to help with my
I'm looking for a canadian tax accountant to help with my question … read more
AndrewD914
AndrewD914
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I am from Ontario, Canada. We purchased a house on December
I am from Ontario, Canada. We purchased a house on December 2020 and plan to rent it. Its not rented yet but we had some renovation expenses back in december. CRA told me that since its going to be so… read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
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I have a few questions. I am filing an income tax return in
Ok thank you! I have a few questions. I am filing an income tax return in Ontario Canada. I am claiming rental income and deductions for the first time for 2020. Our renters moved in July 1st 2020, we… read more
AndrewD914
AndrewD914
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I am trying to figutre out how to complete my t776 for a
I am trying to figutre out how to complete my t776 for a rental property we fixed up and sold and claimed no cca on … read more
AndrewD914
AndrewD914
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If a couple co-own a rental property, would the surviving
If a couple co-own a rental property, would the surviving spouse need to file a final return for the capital gain/loss for the passed souse on half of the property?… read more
AndrewD914
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My wife and I co-own a rental house we bought in 1998. I'm
My wife and I co-own a rental house we bought in 1998. I'm familiar with the usual deductions for a rental house, but last year we spent about $30K in improvements that would be considered capitol imp… read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
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Do you have a just ask for canadian taxes. Can you help in
I want some information on regarding investment properties and rental properties… read more
AndrewD914
AndrewD914
CPA, CA, CFA
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I acquired a condo in August 2019 and added CCA expenses
Hi, I acquired a condo in August 2019 and added CCA expenses (i.e. capital cost allowance) to my 2019 tax return related to all closing costs such as home inspection, legal fees, property taxes, appra… read more
AndrewD914
AndrewD914
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If I bought a franchise which had a 10 year period but quit/
If I bought a franchise which had a 10 year period but quit/ dropped out of the franchise 3 years in, does the remaining (lost) 70% of the original purchase count as a business loss?… read more
AndrewD914
AndrewD914
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Bachelor's Degree
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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
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For a rental property, we have had to install a rock wall to
For a rental property, we have had to install a rock wall to stop erosion. I this qualify for CCA deductions? If so, at what percentage? … read more
emc011075
emc011075
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Bachelor's Degree
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I sold a rental property in 2016 that I held for almost 10
I sold a rental property in 2016 that I held for almost 10 years. I paid $300,000 split $200,000 bldg/$100,000 land. … read more
Arthur Rubin
Arthur Rubin
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Doctoral Degree
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If I sell a rental building in location A where I have lived
If I sell a rental building in location A where I have lived for 27 years, and buy a similar rental property in location B during the same year, about 300 km from A but still in Ontario, near my new r… read more
Lane
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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.
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I am a sole proprietor of a business and I acquired another
I am a sole proprietor of a business and I acquired another business this year. The acquisition was done as an asset purchase so I did not but the company, only its assets including: client contracts,… read more
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A question for tax accountant, pls.If a company pays employees
A question for tax accountant, pls. If a company pays employees auto allowance based rated provided by CRA, (eg, 52¢ per kilometre for the first 5,000 kilometres driven; and 46¢ per kilometre driven a… read more
Robin D.
Robin D.
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