SUNNY's Tax Tips for Canadians
SUNNY's Tax Tips for Canadians
  • Видео 71
  • Просмотров 171 551
Why is CRA reassessing your taxes? Understanding a Notice of Reassessment
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
Просмотров: 719

Видео

Permanent Resident vs Tax Resident in Canada | Who is taxable in Canada? | Personal Tax Advisors
Просмотров 1352 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 3573 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 4943 месяца 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.3 месяца 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 1674 месяца 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 2244 месяца 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 4556 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 2406 месяцев назад
If you already paid your taxes but your Notice of Assessment says you still have tax owing, it's time to stop panicking and start digging. First: check if it's true. Then: figure out what happened to your payment. When in doubt, ask for help! #tax #CRA #Canada #canadarevenueagency #incometax #taxbill Subscribe to @personaltaxadvisors for more tips on taxes for Canadians. Sign up for free tax ti...
How To Fix Old Returns | Personal Tax Advisors
Просмотров 1846 месяцев назад
How To Fix Old Returns | Personal Tax Advisors
Filing Late Taxes | Chronological vs Backwards | Personal Tax Advisors
Просмотров 1667 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 365Год 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 644Год 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 197Год 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 250Год 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 416Год 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 2,7 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 850Год 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 241Год 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 123Год назад
Deducting divorce legal fees
CRA Matching Letters
Просмотров 1,9 тыс.Год назад
CRA Matching Letters
What is an Eligible Dependent?
Просмотров 1,9 тыс.Год назад
What is an Eligible Dependent?
Taxes and Child Support vs Spousal Support
Просмотров 822Год назад
Taxes and Child Support vs Spousal Support
Registering for the GST HST - Five Things to Know | Personal Tax Advisors
Просмотров 11 тыс.Год назад
Registering for the GST HST - Five Things to Know | Personal Tax Advisors
Cooperating with your Ex | Divorce & Your Taxes
Просмотров 110Год назад
Cooperating with your Ex | Divorce & Your Taxes
How to tell the difference between CRA calling and a scammer
Просмотров 442Год назад
How to tell the difference between CRA calling and a scammer
How to fill out the W-8BEN
Просмотров 57 тыс.Год назад
How to fill out the W-8BEN
Overdue tax returns - should you file? | Personal Tax Advisors
Просмотров 623Год назад
Overdue tax returns - should you file? | Personal Tax Advisors
Charitable Giving and Tax in Canada - Three Things To Know
Просмотров 1,4 тыс.2 года назад
Charitable Giving and Tax in Canada - Three Things To Know

Комментарии

  • @muzalaf.yamfwa4627
    @muzalaf.yamfwa4627 10 дней назад

    Such a great video wow!! Thanks for this

  • @kenncollier
    @kenncollier 11 дней назад

    Great Video

  • @ssrakeshsharma
    @ssrakeshsharma 12 дней назад

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

  • @bradleymah7224
    @bradleymah7224 18 дней 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 Месяц 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 Месяц 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 Месяц 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 29 дней назад

      @@personaltaxadvisors Thanks Sunny for your help!

  • @canadianmom
    @canadianmom 2 месяца назад

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

  • @sarahnazar3479
    @sarahnazar3479 2 месяца назад

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

  • @KEVINSURIEL
    @KEVINSURIEL 2 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 Месяц 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 2 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 3 месяца назад

    The perfect explanation.🎉

  • @tarotlori5544
    @tarotlori5544 3 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 3 месяца назад

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

    • @personaltaxadvisors
      @personaltaxadvisors Месяц 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 3 месяца 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 3 месяца 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 Месяц 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 3 месяца 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 Месяц назад

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

  • @vukan.mp3
    @vukan.mp3 3 месяца назад

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

    • @personaltaxadvisors
      @personaltaxadvisors Месяц назад

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

  • @blushpom
    @blushpom 3 месяца 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 Месяц 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 3 месяца назад

    Many thanks. You are amazing.

  • @shaheert.6844
    @shaheert.6844 4 месяца назад

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

    • @personaltaxadvisors
      @personaltaxadvisors Месяц 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 4 месяца назад

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

  • @Omobeautyworld-g6k
    @Omobeautyworld-g6k 4 месяца 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 Месяц 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 4 месяца назад

    Please where are you sending the form to after filling

    • @Omobeautyworld-g6k
      @Omobeautyworld-g6k 4 месяца назад

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

    • @personaltaxadvisors
      @personaltaxadvisors Месяц 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 4 месяца назад

    Yep this was perfect and to the point- thanks.

  • @sorsdeus
    @sorsdeus 4 месяца назад

    Great, thanks Sunny!

  • @johnpapanikamara7854
    @johnpapanikamara7854 4 месяца назад

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

  • @ObaidKarimy
    @ObaidKarimy 4 месяца назад

    Thank you, that is very helpful.

  • @Miloking85
    @Miloking85 4 месяца назад

    straight to the point. thank you

  • @best-gift-spot
    @best-gift-spot 5 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 5 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 5 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 5 месяцев назад

    omg you are the best!

  • @jairopatrick2522
    @jairopatrick2522 5 месяцев назад

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

  • @dirtywhiteboy4963
    @dirtywhiteboy4963 5 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 5 месяцев назад

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

  • @nataliemeenakshithegreat7780
    @nataliemeenakshithegreat7780 6 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 6 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 6 месяцев назад

    Thanks

  • @sylviao00
    @sylviao00 6 месяцев назад

    SUPER HELPFUL! Thank you

  • @justineleansarnevillacorta7073
    @justineleansarnevillacorta7073 6 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 6 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 6 месяцев назад

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

  • @Melanatedbeingz
    @Melanatedbeingz 7 месяцев назад

    What should I do if HR doesn't accept or file this ?

  • @kieonphillips5459
    @kieonphillips5459 7 месяцев назад

    Hi I'm in the Caribbean and I have stocks in the US and they told me to fill out a 1042s and 8-ben

  • @oldford71
    @oldford71 7 месяцев назад

    This was 100% what I needed.. life saver thank you

  • @umairrana1136
    @umairrana1136 7 месяцев назад

    Thank you for explaining so nicely. I am from Pakistan and my client is also asking for this form. But i am confused about what i fill out question 10 because i don't know the tax treaty percentage of the USA with Pakistan

  • @stoometzphoto
    @stoometzphoto 7 месяцев назад

    Thankyou for this video, i had my first US client and was so nervous but this walked me through what i had to do easy. Thankyou.

  • @Foreverandever789
    @Foreverandever789 7 месяцев назад

    " A prayer to go to HEAVEN " Luke 23:42-43 kjv >>>LORD I am a sinner and I believe that JESUS died on the cross for my sins. Buried afterwards, then rose from the dead. Read Romans 10:9-11 in your Bible ✝JESUS SAVES SINNERS PROJECT 1 Timothy 1:15 kjv...Acts 16:25-26kjv...Luke 19:5-10 kjv Time is running out ! Read JOHN 3:36 in your Bible

  • @Ethrii
    @Ethrii 7 месяцев назад

    Thanks! That was very helpful! :)

  • @jessica.thunder
    @jessica.thunder 7 месяцев назад

    You're awesome thank you! Quick and right to the point. That's a like from me Sunny :)