Tax Consulting for Canadian Residents
Services that I provide Canadians residing in Canada:
- Tax return preparation and filing (T1, T2, T3, etc.)
- Information reporting preparation and filing, including:
- Form T1135 Foreign Income Verification Statement
- Form T1134 Information Return Relating to Controlled and Non-Controlled Foreign Affiliates
- Form T1141 Information Return in Respect of Contributions to Non-Resident Trusts, Arrangements or Entities
- Form T1142 Information Return in Respect of Distributions From and Indebtedness to a Non-Resident Trust
- Tax planning advice on the tax ramifications of investing overseas
- Tax planning advice on asset ownership structures for overseas investing (e.g., foreign corporations, foreign trusts, etc.)
Tax Consulting for Canadian Residents Transitioning to Non-Resident Status
The following are services that I offer Canadian residents who are transitioning from resident to non-resident status:
- Review of tax residency rules with client
- Review of departure tax rules with client
- Preparation of tax projections to estimate the amount of the departure tax
- Preparation of tax calculations to compare tax under resident versus non-resident status
- Review of the non-resident tax withholding rules with client
- Preparation of projected tax on Canadian-source income after expatriation
- Analysis of the optimal method of paying Canadian income tax as a non-resident (via tax withholding or alternative filing of income tax return)
- Preparation and filing of tax returns and other forms with the CRA as applicable, including:
- Final income tax return as a resident (a part-year return)
- First income tax return as a non-resident (a part-year return)
- Form NR73 Determination of Residency Status, leaving Canada
- Form T1161 List of Properties by an Emigrant of Canada
- Form T1244 Election, Under Subsection 220(4.5) of the Income Tax Act, to Defer the Payment of Tax on Income Relating to the Deemed Disposition of Property
- Form T2061 Election by an Emigrant to Report Deemed Dispositions of Property and Any Resulting Capital Gain or Loss
Tax Consulting for Canadian Non-Residents
Among the services that I provide Canadians residing outside of Canada are:
- Preparation and filing of non-resident income tax return if/as required by Canada
- Preparation and filing of tax returns and other forms as required by the CRA, including:
- Form T2062 Request by a Non-Resident of Canada for a Certificate of Compliance Related to the Disposition of Taxable Canadian Property
- Form T2062 Request by a Non-Resident of Canada for a Certificate of Compliance Related to the Disposition of Taxable Canadian Property
- Form T2062A Request by a Non-Resident of Canada for a Certificate of Compliance Related to the Disposition of Canadian Resource or Timber Resource Property, Canadian Real Property (Other than Capital Property), or Depreciable Taxable Canadian Property
- Tax planning advice on asset holding structure for business or investing activities in Canada
For new clients who wish to have an initial consultation, we can meet in a video conference call. The fee for this initial consultation is billed at my hourly rate with a one-hour minimum, and I give you a credit of one-half of this initial fee for any follow-up work that you ask of me. For more details contact me through my email address shown on this web page.
Do not hesitate to contact me if you have any questions about my services or anything else you read about on this web site.