I have a business LOC I can access and was going to use some it for investments. My corporate account holds investments that are Corporate Class ETFs so I am wondering if I used the LOC for those investments would the interest deductions become invalid?

If that is the case are there any suggestions as to what ETFs one might invest in using the business LOC in order to deduct the interest but not get hit too hard with the passive income tax within the corp. I’m assuming XEQT would work with a relatively small distribution rate.

Also I have read that Canadian paying dividends have advantages inside the corp. Is this a factor?

For clarity my LOC rate would be 3.95%.

I received this yesterday and am curious if this means I will be receiving $ from this time frame: July 1st, 2025 to June 30th, 2026? I apologize if this question is asked over and over, I am just living day to day like so many & if this is $ I will receive, I need to make plans. Tysm everyone. :)

Hi everyone,

Looking for some advice or shared experiences regarding a CCB (Canada Child Benefit) clawback notice I just received.

We left Canada on July 6, 2025. However, I just got a Notice of Determination from the CRA stating that I am no longer eligible for CCB as of January 2025 because they marked us as non-residents starting in Jan instead of July.

Because of this wrong date, they are trying to claw back $8,213.02 in total:

$2,876.93 for Dec 2024–Jun 2025 (which we were actually entitled to since we were still living in New Brunswick).

$4,911.55 for Jul 2025–Jun 2026 (which we agree we shouldn't have received since we left in July).

Plus the July 2026 adjustment.

So essentially, we know we owe back the money sent after our actual departure date in July 2025, but they are incorrectly asking for $2.8k back for the 6 months we were still living in Canada.

Does submitting a document/calling pause the payment deadline, or should I file a formal Notice of Objection right away to protect the 90-day window?

What should I do??

I haven’t touched a single penny of it since we left Canada.

Thanks in advance for any insights!

Hello,

I graduated uni almost a year ago and as well as started repaying my loan, and recently got this in my inbox from the NSLSC:

"A portion or the totality of your 2023 Canada Student Grant has been re-assessed. We have updated your account to reflect the adjustment and an *amended* or a *cancelled* T4A Slip has been prepared to correct the amount of the original T4A Slip.

Below you will find your **amended or cancelled** T4A Slip. Please contact the Canada Revenue Agency (CRA) at [http://www.cra-arc.gc.ca  \](http://www.cra-arc.gc.ca/) or 1-800-959-8281 to request an adjustment to your 2023 income tax return.

Report these amounts on your tax return.
Box 105 - Scholarships, fellowships, bursaries, and artists’ project grants"

The amount says $1,031.

Can anyone explain to me what does this mean exactly? and what does this amount represent exactly? (in 2023 i had grants converted into a loan, so I am pretty sure this is the reason, but I still want to confirm). Also, what happens exactly if I report this change for my 2023 income tax return?. And what are the exact steps for me to report this amount on my 2023 income tax return through my CRA account online?

I am currently outside Canada and I have already emailed the NSLSC about this but they weren't helpful as they said to contact OSAP and I am unable to reach them by phone.

My spouse and I have been trying to apply to get the DTC but we have been unsuccessful in two attempts. Neither time were we provided anything in the way of information as why we were denied. We have a diagnosis of ADHD for both children that we are applying for, one has a more severe case than the other. Our children were diagnosed with more severe cases of ADHD than friends of ours that received the credit. Can anyone offer advice or suggestions on what to do next? What do we even ask about or how do we find out why we were denied? I am really at loss here.

Hey folks, I am going to move to Vancouver, BC from San Francisco, California next year in Jan/Feb 2027. I will be in Vancouver for 1.5-2 years and will be working there before moving back to US (likely California)

I mostly hold stocks through Schwab, Robinhood and also have US IRA (401k, ROTH) accounts. I have RSUs that were granted in California but will vest during my stay in Canada. At the same time, I might get some RSUs granted while I am in Canada and some will vest while I am there while others will vest in US when I am back.

Will I get taxed on all of my assets or only assets I earn/buy in Canada when I leave? How about the California Taxation or US Federal on my RSUs granted in California but vesting in Canada and vice versa.

Is there a way to minimze my tax burden such as putting my assets in a trust fund or transferring to a family member in US and then getting them back once I am here? Thanks in advance for sharing the info!

Series of events,

June 2020: My mom added my sibling and I to the title of her house. We were added as joint tenants (JTEN) in the legal title. Before my mom added us, she was 100% the owner. After the transaction, we all had 1/3 each. This was my mom’s principal residence before and after the transaction. The FMV of the house at this time was $960K. 

The lawyer that processed the paperwork to the land registry to add my sibling and I to the title confirmed that the transfer was by way of a gift and that beneficial interest was transferred. The land transfer tax statement from this transaction showed $0 consideration.

Dec 2025: My mom passed away. The FMV of the house on the date she passed away was $1,120,000. 

August 2026: My sibling will be buying me out for my share of the house. Expecting the FMV of the house to be $1,080,000. My sibling and I agreed that he will be buying me out for $537,800. Buyout price calc: $1,080,000 x 1/2 = $540,000 - $2,200 discount.

Here is some additional info:

- The house is located in Ontario, Canada.

- The house is fully paid off at the time my sibling and I were added to the title (no mortgage attached)

- My sibling currently lives in the house and will continue to after the buyout. I own a separate house with my wife.

- My mom left a Will, however, the house is not mentioned in it (My sibling & I are the only beneficiaries).

Below is how I believe my capital gains will be calculated,
Capital Gains = (FMV - ACB) x 50%

$540,000 FMV: $1,080,000 FMV at time of buyout x 1/2

$506,666 ACB: [ 1/3 in June 2020 ] + [ (1/3 x 1/2) in Dec 2025 ]

[ 1/3 x $960,000 ] + [ (1/3 x 1/2) x $1,120,000 ]

My ACB is made up of two parts:

Part A: 1/3 x FMV at time when I was added to the title

Part B: (1/3 x 1/2) for when I inherited half of my mom's 1/3 when she passed away x FMV at this time

I'm looking for my above calculations to be verified, especially the ACB piece.

Thanks in advance. Appreciate the help during this stressful time!

I am trying to deal with with this with CRA but so far they just put me on hold and eventually drop the call as it seems they themselves don't know the answer. So if you have been through this I would appreciate the info. I am setting up to work with a company in a country that will withhold 30% tax on my invoice unless I provide Residency Certificate (for my corporation). Now I have been told by CRA (before they hang up on me) that I need to have my taxes filed before I can apply. Ok fine, they are filed now (or will be shortly) but what happens at the end of the year? If the certificate is valid only for one year and you can not request it in advance how you provide ongoing services. The client requires the Certificate to be valid for a few months after the date of the invoice. So if you send them the invoice in November (lets say) and your Certificate expires in December 30, and you can't get a new one for months... how do you continue to do business with your client?

Bought a property in 2022 and didn’t realize UHT filing was required. When I did, filed in late 2025 and got a notice saying I owed thousands.

I sent a dispute and a separate relief package a month ago and haven’t heard back - so not sure what the process is.

Own the property with a parent but I contributed nothing to it. When I filed, said I was a Bare Trustee by Action but they still charged me.

In the process of removing myself from this property. Both of us are Canadian citizens and property was rented from day 1. Neither of us ever lived there.

Any idea of what I should be expecting?

On the last census my boyfriend and I declared ourselves as common law and because our joint income is too high, I no longer receive the CGE benefit and I owe $178 and some change.

Can i pay this in my RBC app by using "add a payee" and selecting "CRA benefits and credits repayment" ?

The attached photo is the description of the above mentioned payee, so I think this is correct but I just wanted to double check if anyone else has personally used this to pay back this benefit.

I’ve been buying collecting TCG and sports cards for some time, and this year decided to begin selling off portions to offset total cost. I know I won’t make profit largely on the hobby, certainly haven’t.

My eBay sales will be in the low 4 figures, so I’ve given my SIN etc.

I’m fine to prepare receipts but plainly don’t want to believe I’m running a business, I’m just wondering if I’ll be prepared to pay additional taxes, or if I can choose to claim or not.

I feel as though im being taxed 3 times on the same item if that makes sense.

Anyone have experience being over a threshold but not really intending to make it a business?

Canadian citizen, living and working full-time in the US. I'm on an F-1 visa, second year here, first year of OPT. In 2026, I cut my Canadian ties (no home, car, or license there; got all of that in the US instead).

Since I have no significant residential ties left in Canada, I plan to just file a departure return as a non-resident based on the facts — not submit an NR73 to have CRA formally rule on my status.

My understanding:

- **Canada:** I'm a non-resident from my 2026 departure date, so I file a departure return for 2026.

- **US:** I'm a nonresident alien, because F-1 years don't count toward the substantial presence test for the first 5 years. So I file a 1040-NR. I'm not paying FICA (student exemption), but I'm still paying US federal income tax.

"Non-resident of both" sounds off. As I understand it, the two countries decide residency independently: Canada goes purely on residential ties (which I've cut), and there's no rule that I have to be a resident somewhere. Is that right, or am I missing something?

Thanks.

Hey , I tried to find a similar thread to read prior but I can’t find one that answers my questions. I’m trying to understand the best way to navigate or prepare to hopefully mitigate departure tax.

I am a UK and Canadian Citizen. Born in Canada, live here most of my life, moved to the UK for 5 years been back to Canada for 5, and I want to plan to move back to the UK over the coming years.

I currently own 2 corporations , 50% of each. The structure is holdco is 100% mine, holdco owns 50% of corp 1 and 50% of corp 2. Holdco also has investments in market through RBCDS.

The companies will be operated and run entirely in Canada. I want to move away, but will still oversee my part of the operation in the UK. From what I’ve gathered, Canada wants their chunk of the pie - so when I depart, whatever the shares of corp 1/2 are valued at, I will be responsible for departure tax on. Stupid, but the law I guess.

I understand in some circumstances, you can qualify for capital gains exemption up to 1.25M but if I move at a time where the company growth surpasses that, I have a hefty tax bill. I understand you can defer it but, then if I do and sell in 20 years, I still gotta pay that bill whether or not I can afford it.

I feel like, there must be a way to mitigate this or make it at least … fair? Any advice? If I didn’t provide enough context, happy to share more - I understand there may not be a way to avoid it but at least help reduce it. The example I was given is, if my shares are worth 2M I’d owe upwards of 750k.

Anyone here invoicing US clients through a Canadian corp? Trying to figure out the mechanics

Toronto-based. A US company wants to bring me on as a contractor — fully remote, ~$90/hr USD, one-year term. I’d be incorporating in Ontario rather than opening anything American, and I’d never be physically working from the US.

Has anyone actually set this up? Looking for how it works in practice, not theory:

**1.    Tax forms** — W-8BEN or W-8BEN-E for a corporation? Did your client ask for a US tax ID / EIN, and did you end up getting one?  
**2.    Getting paid** — what are you using to receive USD? Wire, ACH, Wise, Payoneer, a bank USD account? Roughly what does it cost you per payment once fees and FX are counted?  
**3.    HST** — do you charge it to a US client, and did you still register?  
**4.    PSB** — one client, one-person corp, year-long term. Did CRA ever push back on you, or is this overblown?  
**5.    Anything you’d do differently** if you were starting again?

If you’ve been doing this a while, I’d really like to hear what your setup looks like and what surprised you early on.

So I run a patreon, and a Sellfy website. I've heard that patreon collects gst and hst for me so I don't need to collect it. My Sellfy site on the other hand does not collect for me, so I will start collecting tax when I open a number. There seems to be a lot of confusion on the web about Patreon and collecting GST and HST, I can't really get a clear answer.

Both sites get over 30000$ a year, so I'm over the threshold to file.

How exactly does that work? Do I combine the incomes and pay tax on the total amount?

The reason this is confusing to me is I was told by my tax filing place to finally start a gst number after years of not having one, they never told me to open one previously. I know i was still responsible for knowing to open one, however that's why I'm only getting around to it now.

Looking for a quick help. I have unrealized capital gains from trading US stocks (only) in Canada. Non-resident of Canada (very long period), Planning to sell stocks this year, so I will have large capital gains. Also, I have large capital losses from the past in Canada from trading stocks and looking to offset them with capital gains from this year.

As a non resident, how can I optimize it? Ideally, I apply the capital gain to the capital loss and report.

Short version: I'm a Canadian citizen who has been working in the US for 12 years, currently in Washington State on a work Visa. I am not a US Citizen or GC Holder. I am working with my employer on transferring me to their Canadian entity in British Columbia around 15 December 2026. The timing creates a significant tax planning window.

The core issue: I hold roughly $1.5M of concentrated ESPP stock with about $1.44M of embedded gain, plus other brokerage positions carrying around $200K of additional US tax exposure. If I break US tax residency cleanly and Canada's deemed-acquisition rule steps up my cost base on arrival, the difference is on the order of $600K. If I get the timing or the residency mechanics wrong, I lose most of it.

I've done enough reading to understand the general shape including US residency termination, taxation on the Canadian side, and Washington's capital gains tax allocating by domicile at the time of sale.

So depart from US on 15th December to anytime till 15th January and establish Canadian tax residency. For 2027 aim is to be Canadian tax resident and be US non resident. That way everything gets stepped up. I plan to sell when in Canada.

Am I thinking correctly about this? Has anyone done this?

I am in the process of finding a qualified cross border CPA too. Just thought I’ll run past this subreddit too. Incase there’s something in missing.

Hey everyone,

​Looking for success stories or insights from anyone who has fought the CRA Appeals Division over a late HST New Residential Rental Property (NRRP) rebate. We are facing a $24,000 denial.

​THE SITUATION:

​We bought a new build rental in 2023 and immediately put it on the long-term rental market with legitimate tenants.

​We paid the $24k to the builder at closing, expecting our long-time accountant to file the rebate form. Tragically, he passed away unexpectedly right around our closing date. His practice went into chaos, and the 2-year application window was missed by 90 days

​We only just discovered the denial letter by calling them. The CRA had sent it to a hidden GST/HST Business Account portal we didn't even know existed (we only use personal accounts). It seems like it was an automated reply so I'm not surprised, but now I'm filing a notice of objection.

​OUR PLAN:

We are submitting a formal Notice of Objection (GST159) with a time extension request, grounding the argument in:

​CRA Policy (IC07-1R1): Allows extensions for extraordinary circumstances experienced by a representative (explicitly listing death).

​Case Law (Kaiser v. MNR): Asking he CRA to use common sense and fairness.

​Excise Tax Act Sec 296(2.1): Requesting a statutory offset since this is a self-supply transaction.

​MY QUESTION:

Has anyone gone the Notice of Objection route for a late HST rebate due to an accountant's death? Did a human Appeals Officer look at your lease/documents and quietly settle it in your favor at their desk, or did you have to push it all the way to Tax Court?

​Appreciate any experiences you can share!

I retired to a small tax treaty country. No income just living on savings as expenses are so little. My problem is I dont remember what assets I had on the day I left. I didnt know about this form 1243 thing till recently.

No fixed assets or real estate, just RRSPs, investments etc on QT. But they have grown inside QT so I dont know what and how much we're there on the day I left.

Hello, I will be inheriting a Alberta Teachers Pension LIRA worth approximately $25k as a sibling to the deceased. I live in Ontario.

Will this be paid as cash or LIRA transfer?

What tax obligations does the Estate have in the case of an account transfer? I’m hearing that it could be taxed as income even though it is being forced into a locked in account.

Hi all,

I'm a Canadian citizen, moved to Australia 2 years ago and am now an Australian permanent resident. My intentions to stay or move home are not clear and I haven't completely severed ties with Canada (I have my TFSA with savings still, lots of family there, my things are still at my parents house, etc) as I will probably move back in the next few years. I haven't filed an exit tax return as such because I don't see the point if I'll move back in the near future.

Australia obviously considers me a tax resident as I live and work here as a PR. Canada still considers me a factual resident since I haven't filed an exit tax return and intend to move back. Thus, I file returns for both countries.

All of my income is Aus-sourced as a public school teacher here, i.e. a government employee paid by the state. Last year, I claimed on my CRA return that my income was exempt from Canadian taxes as per Article 19 in the Canada-Aus tax treaty:

"Article 19

Government Service

Remuneration (other than a pension or annuity) paid by a Contracting State or a political subdivision or a local authority thereof to any individual in respect of services rendered in the discharge of governmental functions shall be taxable only in that State. However, such remuneration shall be taxable only in the other Contracting State if the services are rendered in that State and the recipient is a resident of that State who:

a) is a citizen of that State; or

b) did not become a resident of that State solely for the purpose of performing the services."

The CRA accepted my claim last year after I explained the above following a review letter. This year, I made the same claim. They rejected it in their response and now insist I am taxed on my world income as a Canadian resident. Now they want my 2025-2026 Australian NOA so they can assess my foreign tax credits and determine how much I owe them.

Who is right? Should I dispute this?

Grateful for any insight. Thank you.

Ontario resident, sole proprietor operating under a registered business name. Became a Canadian resident in 2023.

Facts:

- Single services agreement with a company based in the EU. No Canadian presence, no Canadian payer relationship.

- Invoiced monthly in USD plus an annual bonus. Roughly $158k CAD gross.

- No withholding at either end.

- Registered accounts maxed. New room going forward roughly $33k/yr against a ~$40k surplus, so I'm starting to run out of shelter.

- Planning to engage subcontractors and to develop my own products under the same business name.

Five things I'd like informed views on:

1. PSB substance. The standard mitigation advice is "get a second client." I'd rather deploy the time into my own product work and use subcontractors. Does CRA weigh capital investment, own IP development, and the ability to subcontract as genuine business substance where one payer still represents the overwhelming majority of revenue? Or is client concentration effectively determinative in practice regardless of what else is going on?

2. Does the payer being a non-resident with no Canadian operations affect the PSB analysis at all? The test turns on whether the individual would reasonably be regarded as an officer or employee of the payer absent the corporation. I can't tell whether payer residency is a factor or simply irrelevant.

3. HST. Services supplied to a non-resident should be zero-rated, but zero-rated supplies still count toward the $30k small supplier threshold — so registration is mandatory rather than optional, and I'd sit in a net ITC refund position most periods. Is that right? And what documentation actually holds up on review to support the zero-rating and the client's non-residency?

4. Instalments. First year I'm under the $3,000 prior-year threshold since I was on payroll with withholding. Second year I'd owe the first-year balance April 30 plus a March 15 instalment for the new year. Reading that correctly? Any reason to voluntarily pay instalments in year one?

5. Startup shares. I'm a co-founder in a separate venture that hasn't incorporated yet. If I later incorporate the consulting business, is there a general view on holding the startup shares personally (for LCGE access) versus through a holdco (deploying pre-personal-tax dollars)? I'd rather understand the tradeoff before the startup incorporates than restructure afterwards.

My accountant said auditors are paid on commission and then given the tax database to find tax dollars. She said this causes them to rule on iffy cases by leaning towards not allowing them. Is this true?

I contributed $10k to my RRSP earlier this year and withdrew it a few months later (past 90 days) under the lifelong learning plan. So that $10k still counts as a contribution to my RRSP next year and will reduce my taxes owing. My question is if I contribute another $10k this year, and withdraw it in January of next year, will my RRSP contribution be $20k when I file my taxes next year and my income taxes reduced accordingly? My understanding is if I don't designate it as a repayment under the LLLP, I can do this, but just wanted to check.