+1(514) 937-9445 or Toll-free (Canada & US) +1 (888) 947-9445

Search results

  1. T

    Bill C-6: Senate stage

    So you think it makes more sense to keep the terrorist here and use taxpayer dollars to "punish" him, and then once he has served his sentence, release him into the community to perhaps try and kill other innocent Canadians? Would you feel safe sending your kids to a school if such a person...
  2. T

    Bill C-6: Senate stage

    Fair or not, I was correcting your earlier post. I'm tired of people trying to make C6 into a bill that differentiates those born in Canada and those who were naturalized citizens. This is clearly not the case, and people need to stop spreading misinformation. As for the fairness of this law...
  3. T

    Bill C-6: Senate stage

    Born citizens can have their citizenship revoked under C6 as well.
  4. T

    buying a house in Canada

    Many banks are happy to provide mortgages to overseas buyers so long as they can put 35% down.
  5. T

    First time home buying advice

    The question was not about returns, but about Cap Rates, which are calculated in the same manner, regardless of which city, province or country you are in. No one can guess future returns resulting from capital gains, and therefore Cap Rates are used to determine probable returns on properties...
  6. T

    Apartments Vancouver or Montreal?

    Montreal real estate is significantly cheaper than BC.
  7. T

    First time home buying advice

    You are correct that property taxes would be $7,000 for the city of Toronto...that said, you would be hard pressed to find a house for $1mm in Toronto itself, and would likely have to look outside of the city where the property taxes are higher. Thus, the $12k estimate. Sales and ads are not...
  8. T

    Coming to Canada from USA with no status in USA

    No, your brother can't just show up in Canada and expect to be awarded PR status. He must first apply for a visa to enter Canada, or apply for immigration through one of the established streams.
  9. T

    I need help/ideas - If u could emigrate with CAD 100 000, how would u 'use' it?

    It depends if your rent is high enough to cover your mortgage payments, taxes and insurance. These days, with the elevated prices in most urban markets in Canada, the rental yields are nowhere close to being enough to do so, except for a few rare cases. On the whole, you will likely have to...
  10. T

    Landing - Not Having to Pay Duty on Household Goods - Goods Accompanying

    You can import whatever is listed on your Accompanying Goods form (B4), regardless of age and condition, without paying taxes. Just itemize and list everything and you will be fine. The vast majority of the time, no one even checks.
  11. T

    returning to Canada, customs

    As you have been away for more than a year, you are deemed a returning resident and can import all the goods declared on your B4 form without taxes (so long as they are valued at under $10,000 each)
  12. T

    What is the worst case for my family if we been rejected

    On what grounds will you be claiming refugee status?
  13. T

    Business in England - Live in Canada - Where do I pay tax?

    You would pay your corporate tax in the UK. You would also pay personal tax in the UK for any monies distributed by your company to yourself. You would then file a tax return in Canada indicating your earnings from abroad. Based upon the tax treaty between Canada and the UK, you would receive...
  14. T

    Transferring Money from overseas, please help.

    No, gifts are not taxed in Canada.
  15. T

    returning citizen

    you don't have to file the taxes for the years you were not residing in Canada. Changing your name has nothing to do with your tax filings, and the timing is irrelevant.
  16. T

    super visa - documentation

    There is no set format. Just include statements from your bank account, salary slips, investment accounts, etc. and then reference the total in your cover letter.
  17. T

    Should I settle in Canada? Is it worth it?

    The GDP adjusted for Purchasing Power Parity (the last link I posted) accounts for the cost of living. So, it is indeed a very good indicator as it would reflect the lifestyle you could afford with the average income. Regardless, your point about the subject of this thread is taken, and this...
  18. T

    What does withholding tax mean and to whom it applies?

    The withholding tax is intended to ensure that the CRA collects the monies it is owed. As a non-resident, once you sell your property, the buyer is obligated to withhold 25-50% of the sale price (usually in trust with their lawyers) until the seller produces a CRA certificate stating the amount...
  19. T

    Super visa for mother in law

    No problem at all. In your cover/invitation letter, mentioned that you will be providing the financial support to your MIL and provide your financial documents. You and your wife should both sign the letter.