Serbinski Accounting Firms

sorry perhaps I misunderstood - the UHT filing is for 2022 is it not?

Thanks! The property was rented and occupied for all of 2022.

Hi everyone, Does anyone know if Canadian citizens are exempt from this new UHT tax information filing? My husband and I are GC holders, US residents and CDN citizens and have a rental property in Ontario. We pay withholding and file non resident taxes each year. Now there's this new requirement for...

Got it! Thanks! So I guess in general, I'm safe to assume that due to the treaty in place, I won't be exposed to a double taxation situation due to this move.

Thanks so much nelsona! This is very good info! I guess I have to figure out the timing of the two returns in order to receive the 'credit' on the CDN end...

hello there, We recently moved to the US and we are preparing to file our CDN taxes for 2021. I understand that Canada will charge capital gains tax (deemed disposition) on our rental property located in the US. I'm not planning to sell this condo but may do so in a few years. I have two questions: ...

Thanks Nelsona! You rock! Where would I find this outlined - a CRA article? My husband seems to think that the exemption would not apply because it was always a rental property.

Thanks so much! Your response has been very helpful! Just one more follow up - regarding the deemed disposition when we leave Canada. The principal residence will be exempt but will we have to pay the capital gains tax on the deemed disposition of the rental condo? Or only when we sell it? We bought...

hi there, We are planning to move from Canada to the US in a few weeks. We have a home which has been our principal residence and also a rental condo. I understand that Canadian real estate is exempt from deemed disposition. Does this apply to both the principal residence and rental condo? We are no...

Thank you for your reply. I understand that I as an individual is exempt but what about my corporation? The company is my own company which is incorporated in Canada and I am the sole employee. The client pays my canadian corporation (corp to corp). Does my corporation have to file anything in the U...

Hello, I am a consultant working in the US on a TN work visa. My company which is my own is incorporated in Ontario. My client pays my company directly and currently does not with hold any taxes. My company files Canadian taxes. Now my client is telling me that they need to start with holding taxes ...

Thank you once again for these prompt responses. Will my clients now have to withhold taxes in 2010? What I have currently is a business to business contract. I invoice my clients and they send payment directly to my Canadian company. I have a Canadian accountant who files all my corporate taxes in ...

thank for the quick reply. Does that mean I have to file by June 15th for 2009? or will be only apply for 2010 (which means I don't file until June 15, 2011?

I am a Canadian citizen with a TN visa. I work in the US during the work week and return to Canada every weekend. I work for myself. My business is incorporated in Ontario and I file and pay all taxes in Canada. The US clients pay my company directly and do not withhold any tax. I also have two bank...