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The Voluntary Disclosure Program (VDP) is a program created and administered by the Canada Revenue Agency (CRA), which allows taxpayers to amend or correct their previous tax filing or reveal information to the CRA not previously provided in their tax returns. The purpose of the program is to promote compliance with Canada’s tax laws by…
You are a non-resident for tax purposes if you: normally, customarily, or routinely live in another country and are not considered a resident of Canada; or do not have significant resident ties in Canada; and you live outside Canada throughout the tax year; or you stay in Canada for less than 183 days in the…
If you are a non-resident owner of Canadian rental property, your Canadian “payer” (tenant or agent) is required to withhold and remit Part XIII tax, which is 25% of the gross rent, to the Canada Revenue Agency (CRA).
You are a factual resident of Canada for tax purposes if you keep significant residential ties in Canada while living or travelling outside the country. The term factual resident means that, although you left Canada, you are still considered to be a resident of Canada for income tax purposes. You could be a factual resident…
You are a deemed resident of Canada for tax purposes if you are in one of the following situations:
North residents deductions are special tax deductions available to residents who live in remote areas of northern Canada to help with the additional costs of living in those areas.
A dwelling means a self-contained domestic establishment. Generally, this is a complete and separate living unit with a kitchen, bathroom, sleeping facilities, and its own private access.
The Canada Plan Plan (CPP) or Quebec Pension Plan (QPP) death benefit is a one-time, lump-sum payment made to the estate upon the death of a contributor. If you received this amount and you are a beneficiary of the deceased person’s estate, you can choose to to include it on line 114 of your own…
When an employee dies and employer makes a payment to the surviving spouse or common-law partner or other beneficiary in recognition of the deceased’s employment service, the first $10,000 of this amount is generally a tax-free death benefit.
Refundable medical expense supplement is a refundable tax credit for working individuals with low income and high medical expenses.