Category: Tax

If you incur out-of-pocket work-related expenses as employee or partner, you can deduct the expenses on your income tax return. In addition to the deduction, you may also be eligible to claim a GST/HST (Goods and Services Tax and Harmonized Sales Tax) rebate on many of the same expenses. The GST/HST rebate is often overlooked.

Under the Canadian income tax system, you liability for income tax is based on your status as a resident or non-resident of Canada for income tax purpose.

The section 217 election applies to the following types of Canadian-source income: old age security pension Canada Pension Plan (CPP) and Quebec Pension Plan (QPP) benefits; most superannuation and pension benefits; most registered retirement savings plan (RRSP) payments; most pooled registered pension plan payments; most registered retirement income fund (RRIF) payments; death benefits; employment insurance benefits; certain retiring allowance;…

You have left Canada and you are happy to be considered a non-resident of Canada for tax purpose. However, you may be still paying taxes if you earn income from Canada. Canadian payers are required to withhold non-resident tax on certain types of income they pay to non-residents, including pension income. Depending on the treaty…

You might withdraw funds under the Home Buyers’ Plan (HBP) to buy or build a home or withdraw funds under Lifelong Learning Plan (LLP) to attend university or college. When you emigrate from Canada and become a non-resident, you have to repay the balance of the funds you withdrew.