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Claudia Ku CPA, CA, MBATax Professional Level: Tax Enthusiast
It sounds like that the South Africa retirement annuities (“SARA”) that you have described are some kind of retirement arrangement established under the laws of South Africa. As such, any amounts received... Read More
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Claudia Ku CPA, CA, MBATax Professional Level: Tax Enthusiast
One of the key considerations is whether the corporation would be carrying on a business through a fixed place or permanent establishment (PE) in Ontario, Canada. If so, the Canadian taxes at the corporate level... Read More
Claudia Ku CPA, CA, MBATax Professional Level: Tax Enthusiast
The Canadian child tax benefit (CCTB) entitlement is calculated based on family net income, which in your case should include the net income (as reported on line 236 of the T1 return) of yours and your common law... Read More
Michael Atlas, CPA, CATax Professional Level: Tax Enthusiast
Definitely not! The LLC is not legally a partnership, and not treated as such for Canadian tax purposes. It is a corporation for Canadian tax purposes. Assuming that the other 80% is held by unrelated US residents,... Read More
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