Tag: Personal Income Tax

It’s been quite a rollercoaster for me since the beginning of August. I’ve been caught in a cycle of colds—recovering just in time for trips, only to fall ill again upon returning. It’s strange, isn’t it? How travel seems to...

Recall the chaos of 2023? The CRA unveiled new trust reporting rules, only to abruptly cancel them, leaving taxpayers and accountants scrambling. Now, they’re back with a revised proposal, aiming to simplify and clarify the rules. But have they succeeded? Let’s...

A couple of weeks ago, we talked about how buying properties outside of Canada generally would not yield at double taxation.  The only condition to avoid double taxation would be (1) right timing and (2) right structure.  So what is...

Canadian tax residents are taxed on worldwide income.  If you operate a short-term rental in Japan, you are required to report the income you earned in your Canadian tax returns. If you invest in a pre-construction home in Dubai, you’re...

In the world of private lending, some intriguing stories have surfaced about investors who lent money to what looked like promising real estate projects. These lenders, often handling “private mortgages,” trusted their cash with big names without fully considering the...