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  1. Taxation
    Hi, I am at this moment a Canadian resident. I am contributing to my DRIPs, besides my TFSA and RRSP (which i know won't be taxed if i leave Canada in the future). I plan to go back and live in my home country in the next couple of years. If i leave, i know i have to stop all contributions to...
  2. Investing
    Hi everyone, I am moving soon from Europe to Canada and had a question concerning the tax treatment of my ETF portfolio. I am currently holding several ETFs (all based in Luxemburg/Ireland) and my broker is based in Germany. When in Canada, I will pay all my taxes there. As far as I have...
  3. Retirement
    So I've joined this forum with the primary purpose of obtaining advice on what has become my enjoyable but complex responsibility of managing my mom's wealth. I hope that this will be an enjoyable exercise that may be of great benefit to my mom who deserves the best as she has and continues to...
  4. General Personal Finance Talk
    Hi I have some inheritance money in the UK which I wish to transfer to my account in Canada. I understand that I don't have to pay tax on inheritance but there was no probate made as property was not involved and it was under the UK inheritance tax limit. I don't want to bring it over all at...
  5. Taxation
    Hi, Did anyone have to deal with Cancellation of Debt Income (CODI) as a result of insolvency issues with an US MLP ? Thank you.
  6. Taxation
    I had a quick question and was hoping for some guidance. My sister has received a cash gift (~8K) from her father-in-law. Think of it as a belated baby shower gift. Father-in-law lives in Asia (not a Canadian Citizen / Resident) and hand carried the cash to Canada during his visit. My sister is...
  7. Taxation
    Newcomer to the community looking for some guidance. Just realized that over last few years I have not been counting my foreign exchange gains / losses. I was previously unaware that >$200 gain/loss has to be reported to CRA. Have submitted all tax returns without ever mentioning this. Would...
  8. Taxation
    I have a friend who wants to help me with my contracts. We live in BC and are trying to setup a configuration that works best when it comes to taxes. What we have in front of us are the following options: Each of us forms a Sole Proprietorship and get paid directly by clients Each of us forms...
  9. Taxation
    I want to know if I can ask this credit in 2015. At the beginning of the 2015 after new year's eve, my employer made me fill out a form from Revenu Québec called "SOURCE DEDUCTIONS RETURN 2015" (Déclaration pour la retenue d''impôt 2015) where I indicated that I supported economically my...
  10. Investing
    I'm a beginner at investing and all the books I've read are for Americans. I'm confused because I don't know what applies to me as a Canadian investor and what I need to reinterpret. For example, do we buy stocks from the NYSE & NASDAQ or will I be losing money due to currency conversion or...
  11. Taxation
    Can anyone provide evidence that would support the claim that the CRA can tax you for earning $120K per year inside your TFSA and making a monthly withdrawal of $10K to live on? I only trade NASDAQ and NYSE stocks. My broker is Questrade, so I can day trade inside my TFSA is US$. I have looked...
  12. Taxation
    Does anyone have experience with tax exposure unregistered investments on moving to the U.S.? As far I as understand, you're pay capital gains tax in Canada as if you had sold all your investments, and the price when you move is your new basis. Does the same thing happen when you move back to...
  13. Taxation
    I have read about RRSP and TFSA but want to ensure I am choosing the right option. I was a student so have ~40K of unused tution credit. My annual taxable income this year will be ~60K. I want to make ESOP contributions. So my (limited) knowledge tells me I should do this through TFSA and not...
  14. Taxation
    I have received T5008 from TD waterhouse with list of stock sales When I enter transactions with trubotax in the window for T5008 transactions they are placed on schedule 3, point 3 “Publicly traded shares...” on the line “From T5008 slips” Right above it there is a print “see schedule on...
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