by admin | Oct 14, 2025 | Personal tax tips
In Canada ,You must file a T1135 if you are a Canadian resident (for tax purposes) and at any time during the year you own specified foreign property with a total cost amount of more than CAD $100,000. This includes (but is not limited to): Funds held in foreign bank...
by admin | Oct 2, 2025 | Personal tax tips
在加拿大安大略省，许多父母希望通过生前把房产赠与成年子女来传承财富、减轻遗产处理的复杂度。然而，看似“无偿”的家庭安排在税务机关眼中却是一笔正式的资产处置交易（Disposition），可能触发多种税务与法律问题。本文将从资本利得税、土地转让税、遗产认证费三大方面入手，全面解释相关法规，并提供实用的规划策略。 在加拿大安大略省，这种看似“无偿”的行为，实际上可能涉及不少税务问题，包括： 资本利得税（Capital Gains Tax） 土地转让税（Land Transfer Tax） 遗产认证费（又称遗嘱认证税）（Probate）...
by admin | Sep 29, 2025 | Personal tax tips
Gifting real estate to adult children is a powerful way for parents to support the next generation and keep wealth within the family. However, in Ontario, this seemingly generous act can carry significant tax consequences, including capital gains tax, land transfer...
by admin | Oct 30, 2024 | Personal tax tips, Tax tips
In Canada, the tax rules for claiming childcare expenses deduction are as follows: Eligibility: You or another person may claim childcare expenses if the child is under 16 years old, or 18 years old if they have a physical or mental impairment. The expenses must be...
by admin | Oct 28, 2024 | Personal tax tips
Canada’s 2024 tax landscape introduces several updates affecting both individuals and businesses. Here are some key changes: Personal Income Tax Brackets and Basic Personal Amount: Federal tax brackets have been adjusted to account for inflation, allowing a modest...
by admin | Oct 27, 2024 | Personal tax tips, Tax tips
When a Canadian resident departs from Canada with the intent to live abroad, they may face specific tax implications, especially if they intend to sever their Canadian residency for tax purposes. Here’s a breakdown of the primary tax considerations: 1. Residency...
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