Ask Allan Forum
Get expert answers to your tax questions straight from Allan, our owner and experienced CPA. It’s free, direct, and designed to help you make the best decisions when it comes to your taxes.
Hi Joey, Non-residents of Canada can claim the GST rebate on the purchase of newly constructed property that is leased to a tenant.
Hi Levi, When you change the use of a rental property to a principal residence there will be a deemed disposition at that time. The deemed selling ...
Hi KTK, The properties can be transferred to you, but the transfer price must be equal to the fair market value on the date of the transfer. This c...
Hi Rajan, Please contact the CRA, non-resident withholding tax department, apply for a non-resident remitter number and make the payment for the pa...
Hi Henry, Please check the T4 Slip. If the province of employment is "Ontario", the surtax will not apply, and in this case, ensure that you enter ...
Hi There, If the company is incorporated, file form T1134 Summary and Supplement. If the company is a partnership or a sole proprietorship, file f...
Hi Helena, You likely became a non-resident of Canada when you left Canada to study in the UK in 2020. You have to wait for the CRA to issue a Dete...
Hi Sandeep, If you have a valid PR and your ties to Canada are stronger than to India, you will continue to be a tax resident of Canada even if you...
Hi Janice, Complete a Section 216 Non-Resident Return. DO NOT file a T1 non-resident return. Our fee to prepare a Section 216 Non-Resident Return ...
Hi Hezi, You can transfer property to a family trust. If the fair market value is more than the cost amount of the property, you will pay capital g...
Hi Tien, Apply for a new GST/HST number. Separate the income and expenses into 2 periods: (a) restaurant operator and (b) rental property. The prof...
Hi Mohan, You can have more than one personal use property, including a home that is occupied by your parents that you visit on occasion. Personal ...
Hi Erin, File your personal tax return based on the T4 slips that you received. The owner is responsible for any unpaid payroll taxes, not you.
Hi Norm, No, you don't have the amend the previous year's tax return due to a loss-carry-back. Record the tax refund you receive in the current yea...
Hi Eric, Report dispositions of capital property (including securities) on Schedule 6 of the T2 corporate tax return. In addition to this, report d...