LATEST TAX TIP ARTICLES

Tax processing core process - rental properties owned by non-tax residents As a non-resident for tax purposes, your rental income in Canada is subject to federal tax (not provincial tax). Filing your taxes involves the following two steps: 1. A 25% withholding tax will be levied on the gross rent (to be paid monthly on time). Procedure : Your tenant or property manager is required to withhold 25% of the total rental income each month after receiving the rent and submit it to

#CanadianTaxation #Non-TaxResident #TaxFreeImmigration #CRATraps #EarlyRetirement Did you know that you can legally stop paying a single penny of taxes to Canada without having to hide money, dig your own backyard, or worry about the CRA raiding your home? Sounds like a scam? No, this is a privilege granted to you by Canadian tax law —as long as you sever your residency ties and become a non-tax resident, you won't be taxed on any money you earn worldwide in Canada. ⚠️ But do

How to avoid receiving various letters from the CRA in the future? Remember to do these three steps before leaving the country for peace of mind! Many friends often receive letters unexpectedly after leaving Canada: 👉 "Why am I still being asked to file taxes even though I've already left?" 👉 "Why did I receive a tax notice?" 👉 "I don't live here anymore, do I still need to file taxes?" To avoid these troubles, simply do these three things carefully before leaving the coun