Author: tax

Written by Mansoor Suhail, a practicing accountant and consultant with over 25 years of experience helping entrepreneurs incorporate and manage their businesses efficiently across Canada. Through My Learning Centre, he provides professional training, eBooks, and step-by-step guides on business setup,

A Company Key is a unique 9-digit code issued by the Ontario Business Registry (OBR). It acts like a password that allows authorized representatives to access and manage a corporation’s profile online. Here’s how to obtain your Company Key step-by-step. Step-by-Step

If your spouse and her friend are planning to start a business together in Ontario, one of the first decisions is whether to reuse your existing corporation or start a new one. This guide outlines all options, integrates the key

Owning rental property in Canada as a non-resident can be a great investment — but it also comes with tax responsibilities that can easily eat into your profits. The good news? With some planning and the right strategy, you can

If you’re a non-resident earning rental income from Canadian property, the rules can feel overwhelming at first. Between 25% withholding, Section 216 elections, and NR6 filings, there’s a lot to understand — and missing even one step can lead to

Every year, thousands of non-residents buy property in Canada — condos in Toronto, cottages in Muskoka, or investment homes in Vancouver — hoping for steady rental income. But when tax season rolls around, many of them are blindsided by how

Can International Students Renting Out Canadian Property Be Considered Non-Resident Landlords? Thousands of international students come to Canada every year — and many invest in condos, houses, or shared properties while studying. Some even rent out spare rooms or entire units

If you’re a non-resident who owns property in Canada, you might use it for personal vacations part of the year and rent it out the rest of the time. Seems simple, right? Unfortunately, for tax purposes, the Canada Revenue Agency

For non-residents earning rental income from Canadian property, filing taxes under Section 216 might feel routine — until one day, the Canada Revenue Agency (CRA) decides to take a closer look. A CRA audit isn’t always about wrongdoing. Sometimes it’s a

If you’re a non-resident earning rental income from a Canadian property, chances are you’ve worked with a Canadian property manager, agent, or escrow service to handle rent collection. But what many landlords don’t realize is that under Canada Revenue Agency