+1(514) 937-9445 or Toll-free (Canada & US) +1 (888) 947-9445

Search results

  1. dcpaley

    Need assistance in filing Tax

    I've sent you a PM and perhaps I can help a little. Whether you file really depends on a number of factors.
  2. dcpaley

    tax/accountant fees

    Accounting fee can vary widely depending on the circumstances. A single individual can be as low as $100, a self-employed person abiout $500 and and a corporation $1,200 +.
  3. dcpaley

    Franchise - Is it the right business to make big money?

    You have to look at each one on a case-by-case basis. There would be no standard rule. If you're interested in a few, make some inquiries ask some questions, get an information package and hire an accountant to help you decide.
  4. dcpaley

    how to declare dividends?

    You may be able to pay a capital dividend if you have a capital dividend balance. Otherwise its all taxable dividends.
  5. dcpaley

    file Canadian taxes? remote US worker, common law work permit, no PR

    If you are physically present in Canada for 183 days or more in a given year, you are a resident of Canada for tax purposes and must pay Canadian income tax on your worldwide income. If you are also a US citizen, you are required to file your US tax return as well but may be able to use a...
  6. dcpaley

    Any good Tax accountant in Ottawa Area?

    Most accountants are under the gun right now and the only way to get them to look at your return is to have them file for you. The "consultation fee" may be more than the cost to have them file the return.
  7. dcpaley

    Does getting SIN automatically makes you a tax resident?

    If you take up residency (i.e. apply for PR status, get a SIN) you're resident for tax purposes. You may be a resident if you happen to be in the country for 183 days in a year.
  8. dcpaley

    Expert opinion needed!!-- tricky T4 question.

    The extra amount may be taxable benefits. It maybe reported incorrectly, but your tax situation does not change!
  9. dcpaley

    Do we need to File Return- Need Help

    You became a resident for tax purposes and need to file a return to disclose that you are no longer resident (the residency time is 4 months). Dean Paley CGA CFP
  10. dcpaley

    New PR and taxation

    A few points to consider. 1. You don’t have to file unless you owe the government money, sell stocks or other “capital property, or if the CRA tells you that you have to file. 2. Immigration status and residency for tax purposes are different. If you are here 183 days, you are a resident for...
  11. dcpaley

    Need information before immigrating

    A colleague of mine was an Indian CA. If he'd obtained his US CPA before entering Canada, CA Canada would have designated him. Unfortunately, hi didn't and is not a recognized CA.
  12. dcpaley

    How can make my own business go faster?

    Mediajunkie's ideas are sound. The only one I'm not convined with is Yellow Pages. A line ad there is a must while a display ad may not work. Try it, monitor it, if it works great, if not try something else.
  13. dcpaley

    Starting Canadian Income Tax Return Service

    Pricing varies quite a bit. it depends on how much work needs to be done and who does it. We can do initial consultation (for free!) to determine your need and I can then give you a quote.
  14. dcpaley

    Starting Canadian Income Tax Return Service

    As an accountant, I can say that income taxes can quickly become complicated! People really need help with them. I'd start with a business plan. You'll want to identify who you will serve: Will you do only personal taxes or will you prepare corporate returns, tax compliance and objections...
  15. dcpaley

    taxes while on work permit

    Hello, There are two issues at play: Immigration and tax residency. Once you are in Canada 183 days in a Calendar year, you are considered a resident of Canada for tax purposes and must report and pay income tax on your worldwide income. At the same time as a US citizen you must file a 1040...
  16. dcpaley

    How can make my own business go faster?

    Ceredoc, A couple of thoughts: You might try approaching massage therapists, chiropractors, and physio therapists in your community to introduce yourself. Networking with other professionals will let them know you are there and this may build referrals. You may also try renting a booth at...
  17. dcpaley

    Leon:I want to open a small indian restaurant serving mughal dishes

    The are a number of registrations, permits and licenses required depending on where you live. These can include, provincial and city business licenses, food service permits, fire department inspection, health department inspection or certification and so on. Although it may sound like a lot...
  18. dcpaley

    Renting and establishing credit in BC

    Many lenders will consider your US history. If you have a sufficient downpayment, the bank will have little problem lending you the money.
  19. dcpaley

    Gas station business

    Make sure you have an accountant review the financials and ask for audited financial statements. Also, a good lawyer needs to review the sale trnasaction. Make sure you ask the professionals lots of questions!
  20. dcpaley

    Home-based medical transcription jobs & future

    There seems to be a fair number of transcription service providers in Canada. The real question is whether this market is served by a number of independents or dominated by large national and regional firms. Give a call to the offices of the Alberta Medical Association and ask them if they...