TAX HEALTH CHECK UP FOR CANADIAN EXPATS - TAX TOUR - RECENT EVENTS
A TAX HEALTH CHECK UP FOR CANADIAN EXPATS
Living in another country and the hustle and bustle of everyday life leaves little time to think about the importance of staying on top of your Canadian tax filings. Yet properly exiting the Canadian tax system and keeping up-to-date on any required tax filings is essential in preventing hefty penalties, tax owing and other potential issues in the future. 


With the busy tax season fast approaching, now is the time to take a few minutes and assess your "tax health" by completing the checklist below to verify you are prepared.
 
Answer YES OR NO to the following questions:
 
Departure From Canada
Have you filed a "departure" return indicating your change of residency from Canada? This will help exit you from the Canadian tax system.
 
Earning Rental Income
If you own a Canadian property where you are earning rental income, have you:
  • Remitted non-resident tax withholding
  • Submitted form NR6
  • Submitted a T1159 Income Tax Return for Filing under Section 216
  • Received an NR4 slip

Other Income
This may include items such as dividends, annuity payments, retiring allowances, interest income, employment income and other types of income from Canada where tax is due.
  • Have you notified your Canadian payers of your non-resident status?
  • Depending on the type of interest being earned, is the payer withholding the appropriate amount of tax?
 
Sale of a Canadian Property
As a non-resident disposing of Canadian property, the Canada Revenue Agency (CRA) has outlined specific tax withholding and filing requirements for non-residents. Are you aware of the following items?
  • Withholdings on gross proceeds
  • Certificate of Compliance Application
  • Sale of Property Return
 
GST/HST New Residential Rental Property Rebates
If you’ve paid GST/HST on a new property, you may be eligibl e :
  • Construction of the property must be completed
  • Must be occupied by a tenant
More information about rebate eligibility can be found here .

Stay Informed
To help you get prepared and stay on top of your tax obligations, we have put together a handy planner of important dates (Canada and US). View the planner here.

Other Tax Concerns?
Our International Tax Experts at  Trowbridge can guide you through your tax obligations and help mitigate any future tax risks.
TROWBRIDGE TAX PRESENTATION TOUR

February has been one of our busiest months with tax presentations in Kuwait, Dubai, Abu Dhabi and Qatar.

Hundreds of Canadian expats packed each venue to join Trowbridge partner Wayne Bewick to understand how to minimize their tax risks in Canada.
UPCOMING TAX PRESENTATIONS:

London (UK) - March 5, 2019
New York City - March 13, 2019
More details and registration information at www.trowbridge.ca/events
AREAA CHINESE NEW YEAR CELEBRATION

Ruby Chouhan had an amazing time representing Trowbridge's Real Estate Division at the AREAA (Asian Real Estate Association of America) celebration of Chinese New Year. Ruby enjoyed the festivities and the opportunity to connect with professionals in the real estate industry.

TROWBRIDGE SPONSORS SELECTUSA CANADA CONFERENCE

On February 14, our Corporate Tax Team spent a dynamic, interactive day at the Metro Toronto Convention Centre sponsoring the SELECTUSA Canada Conference . We had the opportunity to meet with Canadian companies looking to expand in to the US and talk to them about tax considerations.

Matthew Wilson , Director of US Corporate Tax at Trowbridge was selected as a panelist for the event and spoke to delegates about "US/Canada Cross Border Considerations".

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WANDERTRUST is a newsletter compiled with a digest of some timely and relevant news links or articles selected for the WANDERTRUST newsletter from thousands of sources by an independent newsletter consultant. Trowbridge Professional Corporation or any associated company does not endorse any of the advertised products and services. Opinions expressed in the articles or news links are those of the author and not of Trowbridge/associated company. Trowbridge does contribute an article written by a variety of staff members, but does not provide any tax advice or consulting in these articles. No information contained in any articles, whether sourced or provided by Trowbridge/associated companies, is to be considered tax advice, and we strongly recommend that you consult with a tax professional.