A corporation can own a home in Canada but can’t claim the principal residence exemption. Tax, shareholder benefit, land transfer and s.116/216 rules.
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Explore Canadian tax and accounting guides on T4A slips, contractors, CRA audits, and tax filing. Get expert insights and stay compliant.
A corporation can own a home in Canada but can’t claim the principal residence exemption. Tax, shareholder benefit, land transfer and s.116/216 rules.
Sell Canadian property as a nonresident? Learn when to file the section 116 notice, how a certificate affects 25% withholding, and what follows closing.
Section 216 lets nonresidents report Canadian rental income after expenses. Learn how NR6 agents, Form T1159, and strict filing deadlines work.
Leaving Canada can trigger tax on unrealized gains, but your flight date may not end tax residency. Learn which assets count and when to file CRA forms.
Every year, thousands of self-employed Canadians leave money on the table by under-claiming deductions they legitimately qualify for. Just as many claim expenses they cannot defend, and end up in a costly CRA review. The difference between those two outcomes […]
Find the right Canadian trust for probate avoidance, disability support, or business succession. Includes CRA filing and T3 reporting essentials.
A plain-language CPA guide for executors: a week-one checklist, filing deadlines, clearance-certificate steps, and when to call an accountant before…
Canada focused guide to EI for self employed: 2026 max $729/week, 12 month eligibility clock, and CPA recordkeeping tips to speed approvals.
Quick CRA self test to decide if your side activity is a business or hobby. Includes a 90 day roadmap, bookkeeping checklist, and CPA tax tips.
So you’re earning $70,000 a year in Ontario and wondering where all the money actually goes. You’re not alone. Understanding your real take-home pay can feel confusing, especially when taxes, CPP, and EI all quietly chip away at your paycheque […]
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