When someone receives a personal injury settlement, one of the first questions they ask is: Do I have to pay tax on this money? The answer in Canada is usually no, but there are exceptions that everyone should understand. At Accounting Montreal, we help individuals and families navigate these situations so they can protect their
For Canadian expats, one of the biggest fears is paying taxes twice; once in your new country and again in Canada. Thankfully, Canada has a network of tax treaties with dozens of countries designed to prevent this. But here’s the catch: knowing a treaty exists isn’t enough; you have to use it correctly. At Accounting
Packing your bags for a new life abroad is exciting, but there’s one thing you don’t want to leave behind: an unexpected tax bill. When you give up Canadian residency, you may be subject to what’s called the departure tax, a capital gains tax on certain assets you own when you leave. It’s not a
Owning a home, rental property, or vacation villa outside of Canada may sound like a dream, but for Canadians, the tax obligations can quickly become complicated. The Canada Revenue Agency (CRA) requires residents to report worldwide income, including foreign rental earnings and capital gains on overseas property sales. At Accounting Montreal, we guide Canadians through
Owning property in Canada can be a smart investment, even if you live outside the country. But for non-residents, there’s more to consider than location and price. The Canadian government has specific legal obligations and tax responsibilities for foreign owners, from acquisition restrictions to rental income rules and sale requirements. At Accounting Montreal, we help
Winning Big? Here’s the Tax Truth Canadians Should Know Whether it’s a life-changing lottery jackpot, a casino windfall, or a lucky night at the poker table, the first question that comes to mind is often: “Do I have to pay taxes on this?” The answer in Canada is usually a pleasant surprise, but there are
At Accounting Montreal, we offer a full range of tax, bookkeeping, and financial services tailored to meet the unique needs of individuals, professionals, and small to medium-sized businesses. Whether you’re planning your personal finances, running a company, or managing professional income, our experienced team provides reliable, customized solutions to help you stay compliant, optimize your returns, and build long-term financial success.
