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 Janis, Thanks for your detailed question — you’ve raised all the right points. Here’s how it works: 1. Do they need to file a Canadian tax re...
Hi Adi, Thanks for your question — I’m happy to help clarify this for you. As a non-resident of Canada, you are taxable on capital gains arising...
Thank you for your question. This is a common situation for Canadians moving abroad, and I’ll summarize the key tax considerations below. 1. Reside...
Hi Ashwin, Great question — this is one that comes up often for Canadian business owners expanding into the U.S. and wondering whether to set up an...
Hi Konica, Thank you for outlining your situation so clearly — this is a sophisticated pre-sale reorganization, and your concern about Part IV tax ...
Dear Younus, Thank you for your question. In your case, the RC151 form is not the correct form to update your departure date. RC151 is used only...
Dear Sandy, Thank you for reaching out. Based on the details you shared, here’s some guidance regarding your Canadian tax obligations after leaving...
Hi Simona, Thank you for your message and for sharing your situation. If you did not file Form NR5 for the years 2021–2025, the 15% non-residen...
Hi Sylvia, Thank you for reaching out and providing the detailed background. I’ll address your concerns step by step. 1. Non-Resident Status and...
Dear Janis, Thank you for reaching out and providing the detailed background on your situation. After reviewing the facts, I recommend taking a mor...
Hi Dan, Here’s how CRA generally treats an inheritance that is invested in a non-registered account and then placed in a joint account with a spous...
Hi Bittan, Thank you for your question. Here’s what you can expect from a Canadian tax perspective when you sell your Swedish cottage. As a Cana...
Hi Mary, Thank you for your detailed message. Your situation is a common one, and the good news is that CRA does allow us to correct past records e...
Hi Darron, thank you for raising this thoughtful question. You’ve touched on two important but distinct issues: (1) the Small Business Deduction (SBD)...
Dear Emad, Thank you for your question and for outlining your situation regarding your move to the UAE and continued work through your Canadian cor...