Foreign Property Reporting Requirements

Resting squarely at the top of the second page of the T1 personal income tax return, sits a question. On the 2013 tax return the question read: Did you own or hold foreign property at any time in 2013 with a total cost of more than CAN$100,000? See “Foreign income” section in the guide for more information. If yes, complete…

Comments Off on Foreign Property Reporting Requirements

Q3 2014 Tax Tips & Traps Newsletter

The 2014 3rd quarter edition of tax Tips and Traps is out! In this edition: Tax ticklers – Quick points to consider CRA checklist for small business Donations through your Will U.S. Tax Amnesty Directors liability Moving expenses Price adjustment clauses Travel expenses Verifying a social insurance number Foreign property reporting (T1135) relief! Internet business activities Download your copy of…

Comments Off on Q3 2014 Tax Tips & Traps Newsletter