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| *The Commerce Journal>>>Canada Taxes |
Canadian tax foreclosures? |
Federal, provicial & municapal tax forclosures on homes & properties Forget federal and provincial. That stuff either goes to the bank or the trustee. There are occasional municipal foreclosures, but usually, anybody that is willing to give up their property for taxes owing didn't have much of a property to begin with. The stories you are hearing about "Buy an Island!" or "million dollar ranch" are mopre fantasy than reality. No such thing in this country. Bankruptcy trustee will sell the house and pay out what is owing to creditors. If you want a cheap fixer upper, your best bet is to buy a busted former grow op house. They are cheap and if you are a carpenter, you can make money. |
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You don't get fined, but tax will be witheld from the amount withdrawn as follows: up to $5,000 - 10% $5,001 to $15,000 - 20% more than $15,000 - 30% The a... No. Canadian taxation is primarily based on residency. Since your husband would not be a resident of Canada, he wouldn't be subject to Canadian taxes on his income, nor would you, since... Here's how it works. When you purchase the property for 180K, that is your basis. You will be able to depreciate the property over a certain period of time (I can't remember if it&... You do if you register for GST. The $30,000 limit you refer to is a "small supplier" threshold, and I should note that the limit refers to your gross, and not your net figure.... To get a copy of the T4, contact CRA, and they can provide you with a copy of the information. Also, to get the forms for the prior years, CRA will have them available online, or you can ... I don't understand where "here" is. Each country has its own rules with respect to moving currency, assets, etc out of them; there may be a departure tax, and there may be a l... are you working as an incorporated employee? canada are you working as a leased employee? american if you are a resident of canada, then you might be an incorporated employee since it... I'd suggest that you figure it out both ways and then determine which way is better. It really depends on why you have a refund.If it is because you've paid too much tax, then in sp... |
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