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Corporation's with revenue in excess of $1,000,000 must electronically file their tax returns with the CRA. In your case, you can paper-file your Uncl...
A sole proprietorship will have a single business number registered with the CRA. However, for GST/HST purposes, the business number ends in RT0001.
Your parents should gift the sales proceeds to you. You will not have to pay income tax in Canada on the amount of the gift. A gift letter should also...
If you are transferring the after-tax cash savings that you accumulated in your home country prior to coming to Canada, then you will not pay tax in C...
The following returns and forms need to be filed with the IRS and CRA for your American C-corporation: 1. US Federal Corporate Tax Return - 1120 (IRS...
The answer to your question depends on whether your company has started to carry on a business. For example, a start-up company that is marketing its ...
Yes, it could impact form T2062, Application for a Certificate of Compliance on the sale of Canadian real estate. I would need additional information ...
Doing business in the US through a US C-corporation is very tax efficient. I recommend that you make your existing Canadian corporation the owner of y...
You are allowed to have a different accountant resubmit/amend your corporate tax return. Hiring a different accountant will not create a red flag for ...
Thank you for your questions. For the 2016 tax year, neither you nor your husband have to file a Canadian tax return. This is because you were not fac...
Yes, it could become an issue. I recommend that you file a departure return for the year that you left with the CRA as soon as possible.
You can apply for the Canada child benefit (CCB). To apply, submit form RC66 (Canada Child Benefits Application) to the CRA or apply online using My A...
If you are a Canadian citizen or a Canadian permanent resident and you have a dependent child who lives in Canada, then you will be classified as a fa...
You should write a letter to the Non-Resident Withholding Tax Department of the CRA explaining the situation. With the letter, enclose a copy of the ...
Line 103 is equal to the total HST (13%) collected from customers. If you have charged HST on all sales made in the year, then Line 103 will be equal...