Why should a Canadian resident care about “non-resident tax issues”? Here are a few reasons: 1. If a person purchases “taxable Canadian property” (the most relevant example of which is real property situated in Canada) from a non-resident of Canada, the purchaser is required to withhold 25% of the
Trust in the System
Mr. B is a businessman who carries on business through his corporation, 1234567 Ontario Inc. (the "Corporation"). Mr. B supports 3 children above the age of 18, who are all in university full-time. Needless to say, the expenses associated with supporting Mr. B's children are high - approximately