Tax on Real Estate Sales in Canada - Madan CA - Chartered ...

Ever wonder how to deal with tax on real estate sales in Canada? If you own a rental property or a real estate investment in Canada, and have sold or are thinking of selling, read this blog for helpful tax tips that can save you thousands.

This blog is divided into 3 separate parts:

How to Reduce Taxes on the Sale of Real Estate in Canada

Best Ways to Own Canadian Real Estate Investments

Tax...

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Website: http://madanca.com

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The Isaac Brock Society | November 24, 2017 ADCS/ADCT ...

November 24, 2017 ADCS/ADCT press release asking U.S. Congress not to harm Canadians (and by extension to the peoples of Australia, France, UK, etc.) with new tax reform legislation

Posted on

by Stephen Kish Posted in Law & Morality 87 Comments

The specific problem in the U.S. tax reform bills related to U.S. person-owned incorporated businesses in Canada, Australia, France, UK, etc. appears to...

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Website: http://isaacbrocksociety.ca

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Payments That Are Subject to Withholding Tax - IRAS

The following types of payments attract withholding tax when paid to non-resident companies:

Interest, commission, fee in connection with any loan or indebtedness ;�

Royalty or other payments for the use of or the right to use any movable property;�

Payments for the use of or the right to use scientific, technical, industrial or commercial knowledge or information or for the rendering of...

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Website: https://www.iras.gov.sg

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Canada Revenue Agency Canadian Tax Forms

Statement of Business or Professional Activities

2018-01-19

T1 General 2017 - ON428 - Ontario Tax

2018-01-16

T1 General 2017 - Schedule YT(S2) - Territorial Amounts Transferred From Your Spouse or Common-Law Partner - Yukon

2018-01-16

2017 Individual Tax Return for RRSP, PRPP and SPP Excess Contributions

2018-01-15

Application, Renewal, or Revocation of the Authorization for a Qualifying...

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Date: 2018-11-04 22:20:09
Website: http://canadian-taxes.com

Property Transfer Tax Act - Laws Publications

Fair market value of land with industrial improvements

1.1 � (1) For the purposes of a transaction referred to in paragraph (a) (i), (iii) or (iv) of the definition of "taxable transaction",

(a) if

(i) the transferor is the government, or

(ii) the transfer is between associated corporations within the meaning of section�256 of the Income Tax Act (Canada), and

(b) the land being transferred...

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Date: 2018-03-23 04:07:37
Website: http://www.bclaws.ca

Professional Tax Return Software | Profile Intuit Canada

Pay as you go with

ProFile OnePay

ProFile is Canada's #1 best selling tax software+

ProFile is powerful, reliable and secure

Get your work done fast and efficiently with the help of these great features:

Corporate linking

Save time by sharing tax information between related corporations, and easily transfer RACDetail information between T2 returns.

Learn...

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Website: http://profile.intuit.ca

Related topics : tax return software canada / corporate tax return filing canada / tax return information canada / corporate tax return canada / file my tax return canada

Requirement to Correct tax due on offshore assets - GOV.UK

Guidance

Requirement to Correct tax due on offshore assets

Find out who has a Requirement to Correct, when a correction must be made, and what the penalties are for non-compliance.

Published 16 November 2017

Last updated 21 August 2018 -- see all updates

From:

Part Three: future changes to this guidance

This guidance provides information about the new Requirement to Correct ( RTC )...

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Website: https://www.gov.uk

U.S. Tax I.D. Numbers (ITIN) for Canadians - Madan CA

Français

Are you curious about applying for an Individual Taxpayer Identification Number? Keep reading to find out what an ITIN (Individual Taxpayer Identification Number) is and how you can apply for one. Please note, this number is not a replacement for the Social Security Number (SSN).

What is an ITIN?

An Individual Taxpayer Identification Number (ITIN) is a number that is assigned to...

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Website: http://madanca.com

Canadian Income Taxes - Tax Tips

Line 126 Rental income

Claim all expenses incurred to earn rental income such as taxes, insurance, minor repairs and maintenance, interest expense and accounting fees paid to have the rental statement on your tax return prepared. Do not expense the cost of major repairs or additions to your property. Claim capital cost...

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Date: 2014-03-11 21:29:31
Website: http://www.taxescanada.ca

How Much Does H&R Block Charge To Do Taxes Canada | RC ...

Contact

How Much Does H&R Block Charge To Do Taxes Canada

If you're comparing different tax professionals or accountants, you can ask up front how the firm determines its prices. You can also ask for an estimate of what their services might cost you, but you probably won't get an answer, at least not until you've met with the professional to go over your tax issues. Some accountants do offer free...

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Website: https://rcfinancialgroup.com

Related topics : instant tax return h&r block / tax return preparation fee / tax return fees for accountant / tax return fees per form / corporate tax return filing canada

::Income Tax Guide for Foreign Company:: - rd.go.th

Other income such as interests, royalties, capital gains, rents and professional fees

15%

Tax Registration

A foreign company carrying on business in Thailand, whether setting up a branch or an office must apply for tax identification number from the RevenueDepartment. An application form (Lor Por 10.3) together with other relevent documents i.e. a copy of a company's registration license, house...

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Date: 2016-03-18 09:23:39
Website: http://www.rd.go.th

Canada Individual - Taxes on personal income - PwC

Individuals resident in Canada are subject to Canadian income tax on worldwide income. Relief from double taxation is provided through Canada's international tax treaties, as well as via foreign tax credits and deductions for foreign taxes paid on income derived from non-Canadian sources.

Non-resident individuals are subject to Canadian income tax on income from employment in Canada, income from...

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Website: http://taxsummaries.pwc.com

Tax Team Canada - tax accountants in Vancouver

06/ 30

Testimonials

Always a pleasant experience. Good insight with what to do with my money. Who knew finances could be fun?

- Jason G.

It was easy, I did everything over the computer and I got a nice refund. What more could you ask for?

- Shawn B.

I love the way Thomas looks at the world and how many...

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Date: 2017-03-09 02:05:59
Website: http://www.taxteamcanada.com

Related topics : revenue canada tax return / tax return information canada / corporate tax return filing canada / corporate tax return canada / file my tax return canada

Six years to life | Deloitte Canada | Tax services ...

Six years to life

Tax records: what to keep and how long to keep it

Every person who does business, or pays or collects taxes in Canada is required to keep records and books of account. This provides adequate support in the event of a review by the Canada Revenue Agency CRA. But what do you keep, in what format and for how long?

By Jeremy Bergen

Every person who does business, or pays or collects...

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Website: https://www2.deloitte.com

Erie County Hotel Occupancy Tax | Erie County Comptroller ...

Pursuant to Erie County Local Law No. 12-1974, and Chapter 614 of the Laws of the State of New York, Erie County started imposing the Hotel Occupancy Tax ("Bed Tax") in December 1974.� Beginning in 2007, the tax is managed and administered by the Erie County Comptroller's Office, and is composed of two separate sections: a three percent (3%) tax and a five percent (5%) tax.

Who is Required to...

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Date: 2018-03-23 01:34:42
Website: http://www2.erie.gov

Payroll Support - Entertainment Partners

Tax credits can be refundable or non-refundable, and transferable or non-transferable. Refundable Tax Credits: A refundable tax credit functions in the same way as a production rebate, but it is administered by the local taxing authority, and claimed by filing a tax return. The production company must file a tax return regardless of whether it has any income or owes any tax in the ...

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Website: https://www.ep.com

New Document

Your filing status affects your income tax rate, your standard deduction, and the availability of many tax breaks. There are five filing statuses from which to choose. Two factors determine your filing status: marital status and financial responsibility for yourself and others.

Choose Single if you will be unmarried as of December 31, 2013, and do not qualify to file as Head of...

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Website: https://www.hrblock.com

Tax software: What will work best for you? - CBC News

Canada Revenue Agency automates most of your return

So�what do you need to know to get with the program and file electronically?

The starting point is understanding how easy it is to use tax software, especially if you have your paperwork (e.g.�T4 slips and other financial forms) in order, experts say.

"It's fairly simple for a basic tax return," said Mary-Anne Beatty, chief financial officer...

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Website: cbc.ca

TurboTax Home & Business | TurboTax Canada

TurboTax Home & Business if I'm incorporated?

No. TurboTax Home & Business is for people whose business income needs to be reported on their personal (T1) tax return. If your business is incorporated, you need to prepare a personal return for yourself and a separate corporate return (T2) for your business. TurboTax Home & Business is a great fit for your personal return and for your corporate return, check out incorporated business edition, TurboTax Business...

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Website: https://turbotax.intuit.ca

Related topics : business income tax return / business tax return filing / tax return business / t2 corporation income tax return / do i need to file a tax return if i have no income

How Long Do I Have To Keep My Income Tax Records

A common question I receive from my clients is "How long do I have to keep my income�tax�records?" For anyone actually interested, the CRA ("Canada Revenue Agency ") created guide RC4409 called "Keeping Records" that details everything you want to know about your record keeping and more. This guide is most applicable to�individuals that carry on a business and corporations.

Now I know you...

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Date: 2019-03-23 20:30:57
Website: http://www.thebluntbeancounter.com

International Tax | Caplin & Drysdale

If you are planning a cross-border transaction, operation, or investment, you must deal with a daunting array of U.S. tax rules. The structure you choose will have both immediate and long-term tax consequences, some of which are direct and obvious and others of which are indirect and hidden. Your choice of entities can be critical to your success and the "check-the-box" rules offer�considerable...

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Website: http://www.capdale.com

Business For Self Program Alt-A Program - Genworth

5.85%

9.00%

Note: The insurance premium is non-refundable, paid at the time of closing and may be added onto the mortgage

Borrower Qualification:

Income & Employment

Minimum of two (2) years business-for-self tenure

The self-employed borrowers stated income should be reasonable based on the length of operation, type and size of the business, and should be able to service the required...

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Website: http://www.genworth.ca

Related topics : revenue canada income tax return / revenue canada tax return / business income tax return / federal tax return income requirements / tax return with no income

Employers’ Guide – Payroll Deductions and Remittances ...

This is a monthly withholding amount (MWA), not an AMWA . For more information, go to Chapter 8

 

Chapter 1 - General information

Do you need to register for a payroll program account?

You need to register for a payroll program account if you meet any of the following conditions:

pay salaries or wages

pay bonuses or vacation pay

provide benefits or allowances to employees

need to report,...

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Date: 2019-04-09 21:49:28
Website: https://www.canada.ca

Tax Implications of Divorce and Separation in Canada

Home Personal Tax Tax Implications of Divorce and Separation in Canada

Tax Implications of Divorce and Separation in Canada

Allan Madan, CA

126 Comments

Divorce and separation can be an extremely emotional and difficult time in your life. To make matters worse, these life changes can lead to unwanted financial stress. Nevertheless, there are various tax saving opportunities that can help save you...

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Website: http://madanca.com

Related topics : tax return preparation fee deduction / tax return fees deductible / tax return preparation fee / tax return fees for accountant / free income tax return calculator canada

eTaxCanada 2006 Windows - Canada's tax preparation software

 

 

eTaxCanada[TM] 2006 Windows MAY NOT support Windows 98 and Windows ME . If you are using Windows 98 or Winidows ME (with IE explorer 6 or higher), you can use eTaxCanada[TM] 2006 Online to prepare your tax return.

 

Download eTaxCanada[TM] 2006 (Version 2006.8.0.41063) Setup.zip (3.99MB) or eTaxCanada2006.msi (4.02MB) , and save it to your hard drive.

If you download the Setup.zip file,...

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Website: http://etaxcanada.com

Technical Backgrounder: Mortgage Insurance Rules and ...

Technical Backgrounder: Mortgage Insurance Rules and Income Tax Proposals (Revised October 14, 2016)

Technical Backgrounder: Mortgage Insurance Rules and Income Tax Proposals (Revised October 14, 2016)

The Government of Canada recognizes the importance of a healthy, competitive and stable housing market for all Canadians, including the many Canadian families who count their principal...

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Website: fin.gc.ca

Tax-deductible investment advice fees: What you can't and ...

Investment fees you can and can't claim on your tax return

Patti pays fees for financial advice related to her investments and wonders if those fees are tax deductible

May 29, 2018

(Shutterstock)

Q: I'd like to ask a question about financial advice and counsel I receive from a financial firm and their professionals and the money I make on investments because of their counsel.

May I claim the...

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Website: moneysense.ca

Related topics : tax return fees deductible / tax return fees for accountant / tax return fees / tax return deductions / free income tax return canada

Bermuda's international and local insurers from A to L, Part 1

Class A: seven licences

Class B: eight licences

2017. December 18. Bermuda-based reinsurers are weighing restructuring options in response to US tax reform legislation that could be signed by President Donald Trump as early as this week and come into effect by the start of next year. Tax expert Will McCallum said that the island's major industry will see its cost of doing...

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Date: 2018-03-18 11:55:32
Website: http://www.bermuda-online.org

Related topics : tax return with no income / corporation income tax return / income tax return small business / earned income tax return / business income tax return

Tax-Savvy Ways to Sell Your Canadian Business - dummies

Tax-Savvy Ways to Sell Your Canadian Business

Tax-Savvy Ways to Sell Your Canadian Business

If you're the owner of a small business in Canada, your company is likely your most valuable asset. You may have dreams of selling the business one day and using the proceeds to travel or invest in another business. Or you may be considering selling part of your business to a partner to reduce the amount...

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Website: http://www.dummies.com

Tax Write-Offs for a Small Business in Canada - Madan CA

If you own a small Canadian business, it is beneficial to claim these 8 tax write-offs, as they will help reduce your business' taxable income and taxes payable.

1. Home-Office Expenses

The most common tax write-off for a small business in Canada is home-office expenses. If you work from a home office, you will be eligible for deductions on certain home-office related expenses.

Home-office...

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Website: http://madanca.com

Individual Tax Preparation San Francisco | San Francisco ...

� Personal Taxes for Businesspeople and Expatriates

FREE PHONE CONSULTATION - Reach out to SAFE HARBOR LLP by EMAIL or TEL. 415-742-4249 for a NO OBLIGATION consult.

Your San Francisco Individual Tax Service

� � ~ More details on - Top Tax Preparation Service for Individual / Personal Taxes

We advise individuals on best tax strategies, maximizing the size of your refund and...

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Website: http://www.safeharborcpa.com

Related topics : tax return preparation services / individual income tax return filing / individual income tax return 2016 / individual income tax return / tax return individual

RBC Dominion Securities - Tax Reporting Guide

Important information about tax reporting for Income Trusts and Limited Partnerships

Even though the federal government passed legislation effective tax year 2007 that requires Income Trusts and publicly-held Limited Partnership issuers to report to financial intermediaries such as RBC Dominion Securities by the end of February, the nominal penalty for non-adherence to the deadline does not deter...

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Website: http://www.rbcds.com

Capital gains tax: A quick and easy primer - MoneySense

Q: Can I save capital gains tax by putting money into a TFSA?

Do I have to pay capital gains tax if I sell one investment to buy another investment?

--M

A: I have had a couple of questions lately about selling one investment and buying another to avoid capital gains tax, M. Given the end of the year and the upcoming income tax season, I figure it's a good time for a primer on capital gains...

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Website: moneysense.ca

Related topics : capital gains property tax rate / free income tax return canada / free income tax return / earned income tax return / tax return free

Capital Gains – 2017 - Canada.ca

Capital gain (line A minus line D)

 

= $2,440

E

Because only 1/2 of the capital gain is taxable, Mario completes Schedule 3 and reports $1,220 as his taxable capital gain on line 127 of his income tax and benefit return.

When you sell, or are considered to have sold, a capital property for less than its ACB plus the outlays and expenses incurred to sell the property, you have a capital loss. You...

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Date: 2018-03-23 02:55:01
Website: https://www.canada.ca

The Blunt Bean Counter: Retirement Planning Spreadsheet

My name is Mark Goodfield. Welcome to The Blunt Bean Counter [TM], a blog that shares my thoughts on income taxes, finance and the psychology of money. I am a Chartered Professional Accountant and a partner with BDO. This blog is meant for everyone, but in particular for high net worth individuals and owners of private corporations. My posts are blunt, opinionated and even have a twist of...

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Date: 2019-03-23 20:30:57
Website: http://www.thebluntbeancounter.com

Related topics : tax income return calculator / income tax rate calculator / minimum income to file tax return / late income tax return / previous years tax returns canada

Tax Advisors in San Francisco, California | San Francisco ...

Your San Francisco Tax Advisor

    ~ More details on our tax advisory services

As leading tax advisors in San Francisco, we advise individuals, businesses, and nonprofits on the best tax strategies, maximizing the size of refunds and minimizing the personal and/or business taxes paid to the Federal Government and/or the State of California. We save time, money and headaches by doing the heavy...

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Website: http://www.safeharborcpa.com

Related topics : individual income tax return filing / individual income tax return 2018 / individual income tax return / tax return preparation services / tax return individual

How to Calculate a Tax Refund in Canada | 2018 TurboTax ...

Your Canadian income tax refund depends on your total annual income, your deductions and how much tax you have already paid.

Key elements of the calculation include, but are not limited to, the applicable federal and provincial tax rates, whether you have dependents and whether you can subtract any losses from your income.

If any such factors apply, you may be able to claim a refund.

Establishing...

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Website: https://turbotax.intuit.ca

| stpc.ca | Shirley Tom Professional Corporation

Estate Planners Council of Halton (EPCOH)

MyNGO | Network Group of Oakville Inc.

|Our Team|

Supporting Your Growth & Success

The STPC team, along with our

well-connected referral partners, is ready to handle all your business needs. Each of us brings a wealth of experience to the table with a combined total of more than 100 years of business knowledge. Every client, small or large, is valued and...

Read more

Date: 2016-05-14 16:35:57
Website: http://stpc.ca

Related topics : t2 corporation income tax return / individual income tax return filing / corporation income tax return / extension estate income tax return / income tax return small business

Bermuda's International and Local Companies, A to C

Bermuda's International and Local Companies, A to C

Huge range and variety of offshore corporations in this initial listing

By Keith Archibald Forbes (see About Us ) at e-mail exclusively for Bermuda Online

To refer by email to this file, please use "bermuda-online.org/intcoys" as your Subject

One of the many Bermuda-based leading multinational insurers

Introduction

All entities named below...

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Date: 2014-10-07 12:10:06
Website: http://www.bermuda-online.org

Related topics : tax return with no income / corporation income tax return / earned income tax return / free income tax return estimator / income tax return estimate

Speculation and Vacancy Tax Act - bclaws.ca

Meaning of "partnership interest holder"

4 � Subject to the exclusions, if any, in the regulations, an individual is a partnership interest holder in relation to an interest in a residential property registered in the name of a partner in a partnership if the interest in the residential property is partnership property and either of the following applies:

(a) the individual has an interest, as...

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Date: 2019-03-24 04:27:55
Website: http://www.bclaws.ca