At a tax conference in Toronto this month I learned several interesting things, two of which I want to share here. They are labeled below as “Bringing in CPAs to Their Side” and “Tax Planning is an Uncertain Art”.Read More
A separate article in these web pages discusses the Section 217 election, an election that can reduce a non-resident’s taxes on Canadian-source pension income. In this article I discuss a similar but different election for non-residents, one that is available for rental income from Canadian propertyRead More
A separate article in these web pages discusses the taxation of Canadian government pension benefits. As explained there, a non-resident is taxed on Canada Pension Plan (CPP) and Old Age Security (OAS) pension payments via a withholding tax of 25% (or, if applicable, a lower rate under a tax treaty between Canada and the country...Read More
There are two primary federal government pension programs for retired Canadians: Canada Pension Plan (CPP) and Old Age Security (OAS). One of these (CPP) is based on contributions you make during your working years, while the other one (OAS) is based on age and income.Read More
When a Canadian resident severs ties with Canada and becomes a non-resident, they are required to file a final resident income tax return and pay their final resident income tax to the Canada Revenue Agency (CRA).Read More
Are you a Canadian considering a move to another country? If so, there are important elements of Canada’s tax system relating to international activities that should be aware of. One is tax residency.Read More