Frequently Asked Questions

My bank won't approve a mortgage to my corporation for the purchase of an investment property. Can I use a bare trust?

What is the minimum tax carryover?

Can I add my spouse to my corporation, as a shareholder, for income splitting purposes?

On the Personal Income Tax Return, why does it ask me if I own a foreign property with a cost of more than $100,000 CDN during the year?

If my total income from all sources (including EI benefits for maternity) is high, am I required to repay some of the EI I received?

Do I have to apply for the Child Tax Benefit and Universal Child Care Benefit?

Does my company have to pay Employment Insurance Premiums (EI) for my spouse, if he/she works for my company?

My spouse joined me on a business trip and my employer paid for both of our travel costs. Is my spouse's portion a taxable benefit to me?

If I own multiple corporations in Canada, what are some ways I can move funds around?

I have taken money out of my RRSP under Home Buyer’s Plan (HBP) and the Lifelong Learning Plan (LLP) and I will be leaving Canada. What are the tax consequences?