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Thank you for your question. Since the work was performed from your home in Canada, it is treated as "Canadian sourced income" and is taxable in Cana...

If you maintain your home in Canada and travel back and forth the US for work, then you will likely remain a resident of Canada and a non-resident of ...

If the sales proceeds are more than $100,000 CAD, and are kept in an Indian account, then you must complete form T1135. In addition, you must report ...

Thanks for your questions. Your sister has to apply for an application for a Certificate of Compliance with the CRA within 10 days of the closing dat...

If you already claimed a foreign tax credit on your US return for the taxes withheld, there's no sense in filing a Canadian return. The taxes deducte...

You can make tax installments during the year to the CRA. This will be applied towards income taxes + CPP premiums payable on self employment earning...

Yes, it will be considered to be a CCPC carrying on an active business in Canada and not a personal services business.

The total expense includes the personal portion and the rental portion.

No, interest paid on a mortgage for a primary residence is not added to the cost basis and it is not tax deductible.

Stop contributing to a RESP once you become a non-resident. You are not allowed to do so. Furthermore, you can contribute to your RRSP once you beco...

The 'refund' is in the form of a refundable credit on Schedule 200 of the T2 corporate tax return. Therefore, the credit will increase the company's ...

In your example, you do not have to complete forum T1135 because the cost of the total specified property during the year did not exceed $100,000. Al...

You will have to amend the prior years HST returns to correct the errors.

In deciding whether a dividend or a salary is better, you should assess the benefits of each compensation method: Benefits of dividends: * You do not...

Yes, royalties are subject to GST/HST.