Found 2 blog entries tagged as CRA.

Can non-Canadian residents participate in the Canadian real estate market? Sure, they can, but how does this work? We have put together a brief guide on selling a property in Canada as a non-Canadian resident.

Selling a Property in Canada as a Non-Canadian Resident Owner

A non-resident is allowed to buy and sell residential property in Canada.

Indeed, non-residents can enjoy many of the same facets of the Canadian real estate market as residents. They can obtain a mortgage loan from financial institutions as long as they fulfill the bank’s requirements and are approved for equity loans. Plus, for extra earned income on a property in Canada, non-resident property owners can also earn income on a property in Canada by renting it or using it as…

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As many Canadians continued to work from home in 2021 due to COVID-19 pandemic restrictions, this year’s tax season might be more complicated than usual. In some provinces, public health guidelines mandated all employees set up offices in their homes, and in others, the company you worked for determined who could do so. 

To compensate for the home office expenses they incurred, the Canada Revenue Agency (CRA) announced a new temporary flat rate method for the 2020 tax year, but some things have changed for 2021. It’s important to know what you can and cannot claim if you worked from home last year. Here are some guidelines for turning your pandemic work-from-home experience into a tax deduction on this year’s tax return.

What’s changed for…

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