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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.
When you claim medical expense credit for other dependants at line 331, each dependant’s allowable amount has to be calculated separately. You can only claim the expenses in excess of the lesser of $2,109 and 3% of the dependant’s net income, whichever is less. Example [For year 2012 tax return] John and his wife Helen live…
In 2013, the full caregiver amount is $4,490 providing you with a maximum tax credit of $673.50 (15% of $4,490). The credit is a non-refundable tax credit. The amount is reduced dollar by dollar by your dependant’s net income (line 236 of his or her tax return) excess of $15,334. It expires where the dependant’s income is…