by Roberto Belingueres | Jul 20, 2021 | Articles & Publications, Blog, Taxes
All You Need to Know About Trust Funds in Canada A trust is a vehicle for holding and passing on the family property. As such, it typically serves at least one of two purposes: It can reduce a family’s taxes by shifting income to members in lower tax brackets,...
by Roberto Belingueres | Jul 7, 2021 | Advisory, Articles & Publications, Taxes
People who are not Canadian Residents for Tax Purposes may be subject to a withholding tax when they sell Canadian property. All non-resident Canadian for tax purposes may be subject to this withholding tax if they sell real estate in Canada. This holds if they own...
by Roberto Belingueres | Jul 5, 2021 | Articles & Publications, Taxes
Moving to the U.S. for more affordable Real Estate? Home prices have run-up in the U.S. but are mostly more affordable than major Canadian markets. Like many real estate markets worldwide, U.S. home prices have run up during the pandemic to the point of some saying...
by Roberto Belingueres | Jun 20, 2021 | Articles & Publications, Blog, Taxes
This article intends to illustrate how the new proposed Goods and Services/Harmonized Sales Tax (GST/HST) rules are to apply to the sale of goods made on July 1, 2021, or later, by a retailer that is a non-resident of Canada and not registered for GST/HST purposes,...
by Roberto Belingueres | Jun 12, 2021 | Articles & Publications, Blog, Taxes
Most Canadians spend their working lives socking away as much money as they can in their registered retirement savings plans (RRSPs) — often feeling guilty if they’re not maxing out the contribution limits set by the federal government. Once retirement rolls around,...
by Roberto Belingueres | Jun 9, 2021 | Articles & Publications, Blog, Taxes
Understanding the CRA Notice of Assessment How to object if you think the CRA is wrong Most of us have received our Notice of Assessment from the CRA for our 2020 tax returns. Mostly it is pretty much as you expected – a refund or no balance owing. But sometimes, the...
