You may be considered a non-resident for tax purposes if you don't have significant residential ties in Canada, live outside Canada throughout the tax year, and stay in Canada for less than 183 days in the tax year. As anon-resident of Canada, you pay tax on income from sources in C...
Glen JenningsStevan NovoselacJohn Sorensen
As per the Canada Revenue Agency (“CRA”), bare trusts are not required to file a Trust Income Tax and Information Return (“Trust return”), including Schedule 15 (Beneficial Ownership Information of a Trust) for the 2024 tax year, unless the CRA makes a direct request for these...
Have you ever received a call purporting to be from the Canada Revenue Agency (CRA), alerting you that you have unpaid taxes that need to be paid immediately or you will be arrested? Or perhaps you've been sent a text message or email purporting to be from the CRA that also contained ...
Canada Revenue Agency introduces a new reporting requirement when selling a principal residence. There are new credits for educators and individuals eligible for the Disability Tax Credit. Children's Fitness and Arts Credits have been reduced, and the Family Tax Cut has been eliminated. ...
https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/first-home-savings-account.html 2. 多代家庭装修税收抵免(Multigenerational Home Renovation Tax Credit) 2023年及以后税年的另一项新的税收抵免是多代房屋装修税收抵免,适用于符合残疾人税收抵免条件的成年人或老年人,以支付装修费用。
January 23, 2024:RSU taxation in Canada: Clarifications from the Canada Revenue Agency 2023 November 22, 2023:2023 Fall Economic Statement Tax Highlights October 31, 2023:Enhanced trust reporting rules: Broader impacts and what to do July 5, 2023:Deans Knight Income Corporation v. Canada ...
With the important caveat that we cannot provide tax advice, it should be said that residents of Canada must report all income to the Canadian Government – including all capital gains (or losses) over $200 that come from trading forex. According to the Canada Revenue Agency (CRA),“Foreign...
Ottawa—The Canada Revenue Agency has outlined its thinking on the tax implications of the emissions trading system Canada is developing as part of its strategy to reduce greenhouse gas emissions as called for under the Kyoto Protocol.rnIn its Income Tax Technical News No. 34 publication, which ...
Healthcare Spending Accounts (HSAs), or Private Health Spending Plans (PHSPs), offer business owners or self-employed individuals a tax-effective way of paying for health and dental expenses with pre-tax dollars. Canada Revenue Agency (CRA) lists a wide range of products and services which ar...