GTA Accounting Insights

Category: International Tax

Taxes As An International Student in Canada: All You Need To Know About

Canada is a popular destination for international students. If you’re among them, we hope this information will be helpful as your study abroad adventure begins! When it comes to filing your taxes, we understand this can be a bit confusing, but that’s why we’re here! Depending on your program length, whether you have a job,…
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How You Can Work Outside Canada and Pay Taxes

Do you want to work outside of Canada but are worried about the tax implications? You’re not alone! Many people are curious about how working outside of Canada will impact their taxes. This blog post will discuss how to work outside of Canada and pay taxes. We will also look at how this may affect…
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6 Things to Consider When Filing Your Taxes in 2022

Even though every Canadian has to pay taxes, most of us don’t know what to do or where to begin. This website provides all the latest information you need to file your taxes in 2022 in one convenient location. This guide is for those overwhelmed by the idea of gathering and interpreting all required slips…
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Are You Expecting Inheritance from Overseas?

Most people wonder what do you do when anticipating an inheritance from abroad and they want to minimize Canadian taxes on the forthcoming income that will come from this overseas inheritance. The solution is to commence the planning process before the person you’re expecting the overseas inheritance from dies. How Canadian Inheritance is taxed in Canada…
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Do You Have to File Foreign Property Reporting (Form T1135)?

To begin with, all of Canadians’ global income is taxable. To add to that, the tax law requires Canadian residents to register with the CRA for the Form T1135, Foreign Income Verification Statement which is also known as the foreign property reporting. Filing of this form is done yearly by all residents who are in possession of…
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Tax Implications for Canadians Working Temporarily in The U.S.

Are you a Canadian resident working in the US? There’s a Canadian-US tax treaty that was signed to help cater to situations where Canadians move to the US temporarily to work. It is very important to take time and understand how you are supposed to be taxed. Generally, you will not pay taxes on employment…
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Tips for Americans Performing Services in Canada

Are you an American receiving payment for services performed in Canada? Understanding your tax obligations in Canada and the US can be a bit confusing. We’re here to help you understand the taxation rules that apply to your situation. Will You Pay Tax for Services Performed in Canada? Americans who are offering services in Canada…
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