Deductions?

You had received really bad tax advice. In the eyes of the CRA you should have been common law on your 2006 taxes. Your accountant should be making advice based on tax law, not the the probabilit...

As long as you are asking specifically Income Tax based on the amounts you provided with no other variables..... $200,000 * 13% = $26,000 $70,000 * 10% = $7,000

I guess the answer depends on where you are a resident. If you are a cdn resident and intend to live in the house then hold it personally as the gain on the eventual sale would be sheltered by the...

6% GST like everywhere else and 7.5% PST. Intersting to note that the PST applies to the GST as well so an item costing $100 after tax is not $113.50 but $113.95. ie you pay the 7.5% on the 1...

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I don't have enough information. If you are a non-resident for tax purposes, you'll still be subject to tax on the disposal of the property (when you sell it). Depending on if you liv...

The answer is "yes". You do not need to be a Canadian citizen or resident to open a bank account in Canada. However, you will probably have to open the account in person because of al...

In Canada everyone files their own tax return, and pays tax based on their own income, even if married or common-law. There are however some tax items that are based on combined family income, suc...