Capital Tax, an international tax firm specializing in Resident & Non-Resident Canadian and American Cross-Border taxation.
Under recent amendments to the rules in section 94 of the Income Tax Act (Canada) governing the taxation of non-resident trusts, if a Canadian resident contributes property to a non-resident trust, the contributor, the non-resident trust, and certain Canadian-resident beneficiaries of the trust...
Another key step you can take to sever resident ties is to make sure to tell your financial institutions/CRA that you are moving abroad and that your address has changed. This not only supports your non-residency, but also ensures the correct tax withholding on investment income or withdrawals...
We help commuters to prepare their United States and Canadian's resident and non-resident returns. Quick And Efficient If you are looking for a quick and efficient blend of personal service and expertise, you have come to the right place! We offer a broad range of services for business ...
If you are a non-resident or a deemed non-resident and you do not have any Canadian source income, then you are not required to file aCanadian tax return. So what do you need to file? Before anything, you’ll need to determine residency status. ...
requirement for registration under theGlobal Minimum Tax Actin late 2025. There will be various options available for registering a GMT program account; for example, a business registration online portal for resident businesses and a non-resident registration web form on Canada.ca for non-resident ...
It is a corporation that was resident in Canada and was either incorporated in Canada or resident in Canada from June 18, 1971, to the end of the tax year. It is not controlled directly or indirectly by one or more non-resident persons. (Note that this refers to residency and NOT simpl...
To be eligible to opt out of the return of capital transaction, a shareholder must be an “Eligible Opt-Out Shareholder,” which means a shareholder (whether registered or non-registered) who is (a) not a resident of Canada for Canadian ...
Current act: Time spent in Canada as a non-permanent resident may not be counted. Proposed amendment: Applicants may count each day they were physically present in Canada as a temporary resident or protected person before becoming a permanent resident as a half-day toward meeting the physical pr...
“If the subscriber or account owner is a non-resident, they might have to pay taxes on any income earned in the RESP account as well as capital gains, according to the rules of their resident country.” This implies that only your resident country will tax the income and that Canada wil...