Non-resident – GTA Tax Help

Residency status of a corporation and tax on non-resident corporations

The residency status of a corporation is very different when compared to residency status for individuals. For individuals residency status is based on ties to Canada, for corporations any corporation incorporated in Canada after April 26, 1965 is deemed to be a resident of Canada. Since residents of Canada are taxed on their worldwide incomeContinue reading “Residency status of a corporation and tax on non-resident corporations”

Becoming a non-resident of Canada

Whenever people leave Canada to permanently move to another country or take up employment in another country there is a lot of confusion surrounding what needs to be done. Before I get into the tax benefits and implications, I would like to start talking about residency status. To Determine someone’s residency status the CRA looksContinue reading “Becoming a non-resident of Canada”