Serbinski Accounting Firms

I understand the rental income must be reported to CRA. I'm worried about whether this situation is treated as change in use. I read that change in use causes a disposition for home owners. Do you have any idea??

If a non-resident bought a property in Canada and keep it vacant for a few years and then start renting it out, is there any tax consequences or reporting requirement for CRA? Thanks

Thank you~

Hello I lent over $100,000 cad (in USD) to a non-resident. Is the cost the USD amount multiplied by the exchange rate on the day I lent the money? How about the cost amount at year end?? Thank you!

Thank you nelsona. Do you know if I can use rollover in Canada?

Dear all, I own a house in Canada and I'm a non resident in Canada. Does anyone know what happens if I divorce and have to give the house to my wife? I heard about the rollover..Can I use it?

nelsona thank you. Do you mean that even if I start renting it out when I leave Canada, it wouldn't be considered as a change in use, so I would carry original cost??

Dear all, if I start renting out my only house (principal residence) when I become a non resident and come back to Canada in the future and use that house as my home, what would happen? - is there a disposition when I start renting it out? But no tax thanks to principal residence rules? - How about ...

I see thank you very much!

Thank you

Hello if I am becoming a non-resident and think price for my house will go down in the future, is it wise to file T2061A (emigrant to report deemed disposition) now? Thanks!

Dear all, I'm quite confused about sale of real estate as a non resident. My understanding is that 25% of selling price must be sent to CRA within 1 month by the buyer. But I heard application for clearance certificate process will take 3 months. Then will the seller get the money back directly from...