Sep
21

Trouble with the Kiddie Tax Rules

In the more common family trust context, the dividends declared and paid on the shares held by the family trust would simply be used to pay all the children’s expenses, such as private school tuition, summer camp and extracurricular activities, thus effectively making them payable to the children with, in most cases, no tax owing on the amounts paid on their behalf.”
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Sep
16

Who must pay tax in Canada? Part 2

Non-residents and deemed residents are taxed at the current federal tax rates plus a surtax of 48% of the federal tax when they file their Canadian tax returns. Tax service specialists in Canada will assist you with understanding who needs to pay taxes in Canada.
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Sep
14

Who must pay tax in Canada? Part 1

All Canadian residents are subject to Canadian income tax on their worldwide personal income.
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Sep
02

Does the CRA use email to conduct “e-audits?”

The Canadian Revenue Agency does not conduct "E-Audits" nor do they request any audits via email.
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