Course curriculum

  • 1

    Webinar Recording

    • Webinar Recording
  • 2

    PowerPoint Slides

    • PowerPoint Slides
  • 3

    Principal Residence Exemption

    • Principal Residence Exemption - Practice Example - 1
    • Principal Residence Exemption - Practice Example - 2
    • Schedule 3 – Capital Gains (or Losses)
    • T2091 - Designation of a Property as a Principal Residence by an Individual
  • 4

    Change in Use - From Principal Residence to Rental Property

    • Schedule 3 – Capital Gains (or Losses)
    • T2091 - Designation of a Property as a Principal Residence by an Individual
    • S.45(2) Election - Letter Template
    • Where to mail your S.45(2) election letter
    • CRA Guide - Changing all your principal residence to a rental or business property
    • Deemed Disposition OR S.45(2) Election
  • 5

    Tax Residency

    • Determining your residency status - Canada.ca
    • Deemed residents - Canada.ca
  • 6

    Being A Canadian Tax Resident

    • Schedule A – Statement of World Income (90% threshold)
    • T1234 – Allowable Amount of Non-Refundable Tax Credits
    • T1135 – Foreign Income Verification Statement
    • Table of penalties - Canada.ca
  • 7

    Emigrant T1

    • Determination of Proration Requirement
    • T1161 – List of Properties by an Emigrant of Canada
    • Dispositions of property for emigrants of Canada - Canada.ca
    • T1243 – Deemed Disposition of Property by an Emigrant of Canada
    • Schedule 3 – Capital Gains (or Losses)
    • T2061 – Election to Report Deemed Dispositions of Property
    • Deemed Disposition OR S.45(2) Election
  • 8

    NR - Canadian Rental Property

    • Underused Housing Tax Return and Election Form
    • NR6 - Withhold on NET (not Gross)
    • Subsection 216(1) Late-filing Policy (2-year grace period)
    • NR4 – Statement of Amounts Paid or Credited to Non-Residents of Canada
    • T1159 – Income Tax Return for Electing under Section 216
    • T776 – Statement of Real Estate Rentals
    • T4058 - Non-Residents and Income Tax