SUNNY's Tax Tips for Canadians
SUNNY's Tax Tips for Canadians
  • Видео 72
  • Просмотров 180 941
Has the CRA frozen your bank account? | Tax in Canada
It might not be because you owe them money! In this video, Sunny Widerman from Personal Tax Advisors explains most common reason CRA freezes bank accounts.
Even if your business is dormant or quiet, failing to file your GST/HST returns leaves the CRA in the dark -- and they take that seriously. Learn why the CRA abhors unfiled returns, how their GST/HST department operates, and what steps you can take to resolve the situation quickly.
If you're feeling overwhelmed, don't worry. This video will guide you through:
✅ Why unfiled GST/HST returns are such a big deal
✅ How the CRA handles dormant or inactive businesses
✅ Steps to unfreeze your account by filing overdue returns
🎥 Don't forget to...
Просмотров: 35

Видео

Why is CRA reassessing your taxes? Understanding a Notice of Reassessment
Просмотров 1 тыс.3 месяца назад
Learn how to read and understand a notice of reassessment, and when - or whether - to pay. Sign up for free tax tips: bit.ly/3TlPNgo Follow Us! @personaltaxadvisors www.personaltaxadvisors.ca/blog/ personaltaxadvisors PTAtax_canada www.linkedin.com/company/personal-tax-advisors/ #tax #CRA #Canada #canadarevenueagency #incometax #reassessment #assessment
Permanent Resident vs Tax Resident in Canada | Who is taxable in Canada? | Personal Tax Advisors
Просмотров 1884 месяца назад
How the Canada Revenue Agency (CRA) defines tax residency; Who is taxable in Canada? What happens to your tax status when you receive your Permanent Residency status in Canada? Sign up for free tax tips: bit.ly/3TlPNgo Follow Us! www.personaltaxadvisors.ca/blog/ personaltaxadvisors PTAtax_canada www.linkedin.com/company/personal-tax-advisors/ #tax #CRA #Canada #canadare...
How to Avoid Double Taxation in Canada | Foreign Tax Credit | Personal Tax Advisors
Просмотров 6324 месяца назад
Sign up for free tax tips: bit.ly/3TlPNgo Request a consultation: bit.ly/3TlFp8y Follow Us! www.personaltaxadvisors.ca/blog/ personaltaxadvisors PTAtax_canada www.linkedin.com/company/personal-tax-advisors/ #tax #CRA #Canada #canadarevenueagency #incometax #newcanadians 10193
How to Respond to a Demand Letter from CRA | Taxes for Canadians | Personal Tax Advisors
Просмотров 6345 месяцев назад
Does a demand letter mean you're in trouble with CRA? What do you do next? Download your FREE step-by-step guide to getting your overdue taxes up to date: bit.ly/3KYeGgf Sign up for free tax tips: bit.ly/3TlPNgo CRA sends out demand letters for returns that • Have not been filed • Are likely to have tax owing CRA doesn’t bother pursuing unfiled returns if they believe the taxpayer has no tax ow...
Real Estate Outside Canada | Is it taxable? Reportable? | Tax for New Canadians
Просмотров 1,7 тыс.5 месяцев назад
Sign up for free tax tips: bit.ly/3TlPNgo When you fill out your first income tax return in Canada, you'll notice a question that asks you if you have foreign property worth over $100,000 anywhere in the world. And what is that all about? Here's what you need to know if you're new to Canada and have real estate back in your country of origin. Follow Us! @personaltaxadvisors www.personaltaxadvis...
When CRA Makes Stuff Up | Notional/Arbitrary Assessments | Late Tax Filing
Просмотров 1925 месяцев назад
Download your FREE step-by-step guide to getting your overdue taxes up to date: bit.ly/3KYeGgf If you don't file when CRA asks you to, they can make up a return for you. And that's never good news. #tax #CRA #selfemployed #freelancing #Canada #canadarevenueagency #incometax Questions? Ask Personal Tax Advisors: bit.ly/3Mhc3ps
Do you need to register to do business in Canada? | Self-employment and Tax in Canada
Просмотров 2936 месяцев назад
What does it mean to 'register' your business, and do you need to do it at all? FREE guide to the GST/HST: bit.ly/3VbnanX Business Deductions Guide: bit.ly/3rFjLA5 Subscribe for more tips on taxes for Canadians. Questions? Ask Personal Tax Advisors: bit.ly/3Mhc3ps
GST HST in Canada | Three Tips | Personal Tax Advisors
Просмотров 5477 месяцев назад
New GST/HST registrants need to remember: charge, remit and file. FREE guide: GST/HST Made Easy - bit.ly/3T72A6s Business Deductions Guide - bit.ly/3V6Kcwl The first thing that you need to remember about the GST/HST is that as long as you have a GST/HST number and you're registered, you have to collect the tax on all your self-employment income. So that means that even if your revenue is droppi...
Why do I owe tax when I already paid? | Personal Tax Advisors
Просмотров 2658 месяцев назад
Why do I owe tax when I already paid? | Personal Tax Advisors
How To Fix Old Returns | Personal Tax Advisors
Просмотров 1958 месяцев назад
How To Fix Old Returns | Personal Tax Advisors
Filing Late Taxes | Chronological vs Backwards | Personal Tax Advisors
Просмотров 1929 месяцев назад
Filing Late Taxes | Chronological vs Backwards | Personal Tax Advisors
How to Get Started With Your Paperwork | Late Tax Filing in Canada | Personal Tax Advisors 10163
Просмотров 377Год назад
How to Get Started With Your Paperwork | Late Tax Filing in Canada | Personal Tax Advisors 10163
What happens if you file taxes late in Canada | Sunny's Tax Tips | Personal Tax Advisors
Просмотров 684Год назад
What happens if you file taxes late in Canada | Sunny's Tax Tips | Personal Tax Advisors
Why Good People File Late | Sunny's Tax Tips for Canadians | Personal Tax Advisors
Просмотров 203Год назад
Why Good People File Late | Sunny's Tax Tips for Canadians | Personal Tax Advisors
How to get money from CRA for buying your first house with the First Time Home Buyer's Tax Credit
Просмотров 307Год назад
How to get money from CRA for buying your first house with the First Time Home Buyer's Tax Credit
How to choose FHSA vs HBP First Home Savings Account vs Home Buyer's Plan | Personal Tax Advisors
Просмотров 471Год назад
How to choose FHSA vs HBP First Home Savings Account vs Home Buyer's Plan | Personal Tax Advisors
How to repay your Home Buyer's Plan | Personal Tax Advisors
Просмотров 2,9 тыс.Год назад
How to repay your Home Buyer's Plan | Personal Tax Advisors
How to charge GST-HST to US clients | Canadian Tax on US sales | Personal Tax Advisors
Просмотров 915Год назад
How to charge GST-HST to US clients | Canadian Tax on US sales | Personal Tax Advisors
How to Audit-proof Your Business with The Shoebox Method | Personal Tax Advisors
Просмотров 242Год назад
How to Audit-proof Your Business with The Shoebox Method | Personal Tax Advisors
The Covid Work-From-Home Deduction
Просмотров 113Год назад
The Covid Work-From-Home Deduction
Deducting divorce legal fees
Просмотров 137Год назад
Deducting divorce legal fees
CRA Matching Letters
Просмотров 2 тыс.Год назад
CRA Matching Letters
What is an Eligible Dependent?
Просмотров 2 тыс.Год назад
What is an Eligible Dependent?
Taxes and Child Support vs Spousal Support
Просмотров 863Год назад
Taxes and Child Support vs Spousal Support
Registering for the GST HST - Five Things to Know | Personal Tax Advisors
Просмотров 12 тыс.Год назад
Registering for the GST HST - Five Things to Know | Personal Tax Advisors
Cooperating with your Ex | Divorce & Your Taxes
Просмотров 119Год назад
Cooperating with your Ex | Divorce & Your Taxes
How to tell the difference between CRA calling and a scammer
Просмотров 481Год назад
How to tell the difference between CRA calling and a scammer
How to fill out the W-8BEN
Просмотров 61 тыс.Год назад
How to fill out the W-8BEN
Overdue tax returns - should you file? | Personal Tax Advisors
Просмотров 6522 года назад
Overdue tax returns - should you file? | Personal Tax Advisors

Комментарии

  • @Shakamal22
    @Shakamal22 18 часов назад

    If the US client has already made a tax payment. How can I claim it back

  • @SeikoSenseiOrigami
    @SeikoSenseiOrigami День назад

    I have a question. I am planning to fill out Form W-8BEN for capital gains because I live in Canada. I’ll be receiving an American check. Can I deposit it into my American bank account, or does it need to be deposited into a bank in Canada?

  • @ashlikomaryk4005
    @ashlikomaryk4005 2 дня назад

    THANK YOU SO MUCH, SUNNY! I appreciate you explanation - very helpful and brought my shoulders back down where they should be, instead of up by my ears from the anxiety.

  • @lorenagarzona.2626
    @lorenagarzona.2626 2 дня назад

    The W8 has change can you please clarify where should I put the foreign ID number now there is no space for it. Thanks

  • @FRANKIESTEEN
    @FRANKIESTEEN 12 дней назад

    I'm Canadian, should I complete a W-8BEN if gambling in the U.S. instead of filing 1040-NR for withholding tax on winnings? Thank you

  • @susan.doerksen.castro
    @susan.doerksen.castro Месяц назад

    Thanks for your help!

  • @Youtbue-m7w
    @Youtbue-m7w Месяц назад

    Hi Ms Widerman, I needed some advice. Is it possible to send you an email? Please let me know. Thanks!!

  • @largestill
    @largestill Месяц назад

    Amazing. Thank you! This helped! :D

  • @muzalaf.yamfwa4627
    @muzalaf.yamfwa4627 Месяц назад

    Such a great video wow!! Thanks for this

  • @kenncollier
    @kenncollier Месяц назад

    Great Video

  • @ssrakeshsharma
    @ssrakeshsharma Месяц назад

    Finally, I found someone who explained this in so simple way 🙂 .

  • @bradleymah7224
    @bradleymah7224 2 месяца назад

    Thanks this makes my life easier. I was putting this off for so long cause i was trying to understand the 12 pages of instructions the form comes with. Seems silly how my broker mails me this form in Canada and then i just enter all the info they already have onto the form, sign it, and send it back to them.

  • @bruhbruhbruh7330
    @bruhbruhbruh7330 2 месяца назад

    1:40 According to TD bank: www.td.com/content/dam/wealth/document/pdf/direct-investing/wcce-di-w-8Ben-tip-sheet-digital-en.pdf They say that on 6a I should NOT put my SIN number and that I can just leave it blank. Is that a good idea?

  • @amirb-b1
    @amirb-b1 3 месяца назад

    Hi Sunny. Thanks for the video. I currently have a work permit and SIN number in Canada, but I have citizenship from Iran, not Canada. Could you please help me which country I should mention in line 2? Is it ok to mention Canada as my country of citizenship because there is no choice for Iran on RUclips?

    • @personaltaxadvisors
      @personaltaxadvisors 2 месяца назад

      You should enter the name of the country where you reside and pay taxes. Citizenship is not what they're asking about. Good luck! ❤️☀️

    • @momentswithamir8050
      @momentswithamir8050 2 месяца назад

      @@personaltaxadvisors Thanks Sunny for your help!

  • @canadianmom
    @canadianmom 3 месяца назад

    Great thumbnail -- it was reassuring right off the bat! Great video. Thank you

  • @sarahnazar3479
    @sarahnazar3479 3 месяца назад

    Thank you! That is exactly what I needed, and you simplified it!

  • @KEVINSURIEL
    @KEVINSURIEL 4 месяца назад

    My question is that this person is just a client why can’t they just invoice them as per usual’s this form. It not like they doing partnership sure of business just consulting an overseas business

    • @personaltaxadvisors
      @personaltaxadvisors 2 месяца назад

      A consultant shouldn't be taxed, and may not be. But the IRS moves in mysterious ways, and if your payer feels they need to tax you, it may be easier to just fill out the W8Ben than to persuade them otherwise. ❤️☀️

  • @personaltaxadvisors
    @personaltaxadvisors 4 месяца назад

    Need help understanding a letter? Drop us a line! bit.ly/3TlFp8y Behind on your tax filing? Grab our free guide and learn how to catch up even if it's been years. bit.ly/3KYeGgf

  • @Alicialastar
    @Alicialastar 4 месяца назад

    The perfect explanation.🎉

  • @tarotlori5544
    @tarotlori5544 4 месяца назад

    This video is SO helpful! I've searched for instructions for this form last year and last week...and both times your video was the only one that made sense (I've now saved it to my search bar to make it easier in the future😅). Thank you!

  • @antisony2008
    @antisony2008 5 месяцев назад

    People living in Canada, who develop applications for iphone DO need to fill out this form. thanks for the info

    • @personaltaxadvisors
      @personaltaxadvisors 2 месяца назад

      You only have to do it if the payer is withholding tax, and they're willing to stop if you send a W8ben.

  • @personaltaxadvisors
    @personaltaxadvisors 5 месяцев назад

    If you're behind on filing your taxes and don't know where to start, download my FREE step-by-step guide to getting your overdue taxes up to date: bit.ly/3KYeGgf ❤🌞

  • @standupwindsordotca9349
    @standupwindsordotca9349 5 месяцев назад

    Ignore question 10?? I'm here because I was specifically asked to complete section ten and you just skipped over it. That's the hard part, that's the information we need to know, and you just skipped over it. What a waste of time.

    • @personaltaxadvisors
      @personaltaxadvisors 2 месяца назад

      I'm sorry I wasted your time. Good thing I gave out the info for free, huh? 🤣 But to be fair, this video is for tax residents of Canada who are claiming the exemption for that reason. People in that situation do not have to complete line 10. ❤️☀️

  • @kimandmatt9900
    @kimandmatt9900 5 месяцев назад

    Thank you for creating a straight-forward video on this form. Easy to understand and concise. 🩷 If you don't mind, I have one question. I am a US / Canadian Citizen. Currently living and working in the US as an employee; returning to Canada September 2024. I will be working for my current employer remotely as an Independent Contractor with a W8-BEN. Will I add both my US and Canadian Taxpayer ID numbers to this form? Looking forward to hearing from you. Thank you again for your help. 🙌🏻

    • @personaltaxadvisors
      @personaltaxadvisors 2 месяца назад

      I don't see why not, though your US SSN is probably enough. ❤️☀️

  • @vukan.mp3
    @vukan.mp3 5 месяцев назад

    thanks for the help im a dumby when it comes to taxes lmao

    • @personaltaxadvisors
      @personaltaxadvisors 2 месяца назад

      You looked up info when you needed help. Sounds pretty smart to me 😉

  • @blushpom
    @blushpom 5 месяцев назад

    Hi! I have a question :) What happen if I’m residing in Canada (I just move) but I’m a citizen from Colombia… do I need to use the SIN or my passport? As foreign identification

    • @personaltaxadvisors
      @personaltaxadvisors 2 месяца назад

      You need your TAX identification number from the country in which you pay taxes. In Canada, that's your Social Insurance Number (SIN). If you don't have one aor can't get one in Canada, the IRS has a different form (W9, I think) that will give you a tax identification number in their system, and you can use that.

  • @micriman8080
    @micriman8080 5 месяцев назад

    Many thanks. You are amazing.

  • @shaheert.6844
    @shaheert.6844 5 месяцев назад

    Do you still put your personal SIN number even if all the purchases will be made through a corporation?

    • @personaltaxadvisors
      @personaltaxadvisors 2 месяца назад

      If the work you're doing is being billed by your corporation you need to use a different form, called W8Ben-E. It's more complicated, and I don't have a video about it, unfortunately.

  • @liliaaraceliruiztorres1466
    @liliaaraceliruiztorres1466 5 месяцев назад

    Hi, My only question is how can I sign the W-8Ben? It is requesting me a digital id

  • @Omobeautyworld-g6k
    @Omobeautyworld-g6k 5 месяцев назад

    I don't know how to submit d form after filling,,,how do I submit pls I need urgent help on dis,, thanks

    • @personaltaxadvisors
      @personaltaxadvisors 2 месяца назад

      You need to send it to the person or company that is requesting it. Ask them how they want to receive it.

  • @Joy_Nasor
    @Joy_Nasor 5 месяцев назад

    Please where are you sending the form to after filling

    • @Omobeautyworld-g6k
      @Omobeautyworld-g6k 5 месяцев назад

      Pls if u get an answer let me know too🙏I don't know how to submit it

    • @personaltaxadvisors
      @personaltaxadvisors 2 месяца назад

      You need to send it to whatever person or company has requested it. Generally, this would be the person who is going to be paying you.

  • @KClayMusic
    @KClayMusic 5 месяцев назад

    Yep this was perfect and to the point- thanks.

  • @sorsdeus
    @sorsdeus 5 месяцев назад

    Great, thanks Sunny!

  • @johnpapanikamara7854
    @johnpapanikamara7854 5 месяцев назад

    The best explanation I was searching for in 2024 😀 Thanks Sunny

  • @ObaidKarimy
    @ObaidKarimy 6 месяцев назад

    Thank you, that is very helpful.

  • @Miloking85
    @Miloking85 6 месяцев назад

    straight to the point. thank you

  • @best-gift-spot
    @best-gift-spot 6 месяцев назад

    hi, please help me, we just came to Canada and we don't have citizen ship at the moment. I am resident of Pakistan. should I WRITE my Pakistan( id/ cnic/ tin ) no that is tax number in Pakistan. I have SIN but since i am not Canadian what should I do, also I have read in many places that don't share your SIN no. can you please help.

  • @tinablair
    @tinablair 6 месяцев назад

    This was what I was looking for. My search had a hard time finding this exact info. Thank you for making this so I could feel more confident that I was submitting the correct form... correctly.

  • @Print-On-DemandTutorials
    @Print-On-DemandTutorials 6 месяцев назад

    Hi, I am doing print on demand for cafe press. We just moved to Canada and I am from Pakistani stan, I saw ppl from Pakistan on utube channel saying to write on your Id number since you are a Pakistani. Yes we still don't have pr for Canada( we have applied for) so in citizen ship I will write Pakistan and what about id no?

  • @subrosa22
    @subrosa22 6 месяцев назад

    omg you are the best!

  • @jairopatrick2522
    @jairopatrick2522 7 месяцев назад

    Olá moça boa tarde. No meu caso eu sou brasileiro, posso usar esse formulário???

  • @dirtywhiteboy4963
    @dirtywhiteboy4963 7 месяцев назад

    not a tax payer any longer ! You do not live in the District of Columbia ( DC) defined as UNITED STATES

  • @DianaLopez-uz1lp
    @DianaLopez-uz1lp 7 месяцев назад

    for line 6a can we use an ID number from the country example Colombia ?

  • @nataliemeenakshithegreat7780
    @nataliemeenakshithegreat7780 7 месяцев назад

    Hi dear thanks 🙏 iam a singer songwriter from France my digital royalties collector as me to file this form I put France 🇫🇷 and on 10 I just put to claim a 0 % rate withholding

  • @25SamSpider
    @25SamSpider 7 месяцев назад

    How come we skip Question 10? As a songwriter, singer, rapper, and engineer who is trying to collect royalties for songwriting, would I need to fill this in or no?

  • @97bdul
    @97bdul 8 месяцев назад

    Thanks

  • @sylviao00
    @sylviao00 8 месяцев назад

    SUPER HELPFUL! Thank you

  • @justineleansarnevillacorta7073
    @justineleansarnevillacorta7073 8 месяцев назад

    Hi Can you please share other forms that the US company need to file in hiring an independent contractor from Canada

  • @DarylHague
    @DarylHague 8 месяцев назад

    The form asks for the Canadian's U.S. tax identification number on line 4, but the video doesn't address this issue at all. I am the treasurer for a small U.S.-based association of language professors, and we just had a Canadian resident give the keynote speech at a recent conference. Does the Canadian professor really need a SSN or TIN to complete the W-8BEN? She has no fixed base in the U.S.

  • @Melanatedbeingz
    @Melanatedbeingz 8 месяцев назад

    My HR wont file this for me . I was told that i need prove that i am not a US CITIZEN