Non-resident rental income tax filing requirements in Canada
If you are a non-resident of Canada who earns rental income from property in Canada, you may have to file a Canadian income tax return to report that rental income. This blog post will provide a comprehensive overview of the
Top 25 Tax Savings Tips For Expats Living In Canada for 2024
Living in Canada as an expat can have great financial benefits, but also some complex tax implications. Follow these 25 tips to make sure you maximize your tax savings while living abroad in Canada. 1. Claim Foreign Tax Credits If you paid
The 183 Day Rule in Canada
When moving to Canada, one of the most important things to understand is the 183 day rule. This refers to the amount of time you can spend in Canada without being considered a resident for tax purposes. Here is an
Expat Tax Update In Canada For 2024
For expats calling Canada home, navigating the tax system can be complex enough. But 2024 throws in a curveball with several noteworthy updates, impacting everything from tax deductions to retirement contributions. Buckle up, expats, and let's unpack these changes together! The
Remote Work and Tax Residency In Canada
Let's discuss Remote Work and Tax Residency In Canada. The rise of remote work has ignited a yearning for digital nomads and location-independent professionals to explore the world, including the beautiful landscapes and robust tech scene of Canada. But before
Unlocking Your Financial Potential: 5 Powerful Hacks to Maximize Tax Savings in the USA & CANADA
Tax Savings in USA & CANADA: Expert Strategies for Financial Freedom In today's dynamic economic landscape, understanding how to make the most of your tax savings in the USA and CANADA is crucial for securing your financial future. Are you tired
Non-Resident Speculation Tax: Navigating Ontario’s Property Market in 2023
Getting Started Okay, so you've probably heard about the Non-Resident Speculation Tax (NRST) in Ontario. It's a bit of a mouthful, but it's an important part of the real estate scene here. Essentially, it's a tax aimed at keeping a check
E-commerce and HST/GST: A Comprehensive Guide for Canadian Businesses
In the fast-evolving landscape of E-commerce, understanding the intricate interplay of taxes is crucial to flourishing as a business entity. In Canada, the Harmonized Sales Tax (HST) and Goods and Services Tax (GST) are pivotal factors shaping the E-commerce environment.
Easy Ways to Obtain Tax Clearance Certificate in Canada 2023
Tax Clearance Certificate When a person passes away, he or she may leave behind unpaid tax debts. A tax clearance certificate states that the deceased person or corporation has satisfied all tax liabilities. The certificate confirms that these entities have paid
20 Canadian Tax Update June 2023
Canadian Tax Update June 2023 The Canada Revenue Agency (CRA) has announced that the deadline for filing your 2022 tax return has been extended to June 15, 2023. This is due to the COVID-19 pandemic and the associated disruptions. The