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The Ultimate Tax Guide for a New Immigrant in Canada

The Ultimate Tax Guide for a New Immigrant in Canada

Firstly, welcome to Canada and beautiful British Columbia! Each Canadian immigrant, also known as a newcomer, has unique challenges to overcome before they permanently relocate and reside in Canada. Some of these new challenges can be confusing, especially if it’s...

New Trust Reporting Rules for T3 Filing Requirement

New Trust Reporting Rules for T3 Filing Requirement

Under the current rules, a trust resident in Canada is generally not required to file an annual T3 income tax return unless the tax is payable by the trust for the year or the trust disposes of capital property. Under the new tax rules, for tax year December 31, 2022,...