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 Dalsa, Thank you for your question. In a joint investment account, the income is generally reported by the beneficial owner(s) of the funds, ...
Hi Peace, Yes, a non-resident of Canada may generally continue to hold an existing RRSP. Opening a new RRSP as a non-resident is not prohibited und...
Hi, Thank you for your message. Based on what you described, it sounds like you may have become a non-resident of Canada when you moved to Japan...
Hi Jeff, Thank you for your question. In general, if you are a non-resident of Canada, your U.S. income is not normally taxed in Canada just bec...
Hi Peace, Generally, I would be cautious about deducting Form 5471 preparation fees in the Canadian corporation. The main issue is that Form 547...
Hi Todd, Thank you for your message. Based on the facts you provided, it may still be possible to file your 2025 Canadian return as a factual re...
Hi Nathan, Yes, in many cases the bank should have issued an NR4 instead of a T5 once you became a non-resident of Canada. CRA’s current guidance s...
Thank you for your question. Based on the facts you described, salary paid to you for duties physically performed in Canada would generally be cons...
Hi Michael, Yes, you are broadly on the right track, but there are a couple of important distinctions. If you are a non-resident of Canada selli...
Hi Riaz, Canada generally withholds 25% tax on dividends paid to non-residents. However, if the recipient is a resident of the UAE for treaty purpo...
Hi Chris, Thank you for your question. In general, if you left Canada and became a non-resident for tax purposes, the main step is usually to fi...
Hi Luke, Yes, in many cases the FX conversion fees and transfer fees can be claimed as business expenses, provided they were incurred to earn your ...
Hi Matt, Generally, if you are a non-resident of Canada, interest paid by a Canadian bank on a regular savings account is usually exempt from Canad...
Hi Maria, Yes, we can assist with this type of filing. Based on the facts you provided, this would generally be a Canadian non-resident treaty-b...
Hello, Based on what you described, you likely need to correct your 2024 personal tax returns to report a departure from Canada in July 2024, assum...