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One option is to have your parents buy a condo with cash and then do a reverse mortgage.

You use the exchange rate on the date you received the fund as the ACB. You do not incur a capital gain or loss if you transfer the fund to Canada in US dollars, you only incur a gain or loss when you convert the fund into Canadian dollars.

If the money is deposited in an account joint with you, you will have to pay tax on the interest earned on the $250,000. It is much better for your parent to have their own account.

As far as Canadian income tax reporting is concern, it makes no different. Foreign dividend and interest income are taxed at the same rate.

They only need to file a tax return once they became a tax resident, ie establish significant residential ties. Your parents are deemed to have purchased the property on the date they move to Canada to establish residency, which could be different than the date they landed. They could obtain a...

Yes, your parent's apartment can be considered as their principle residence and is not subject to capital gains tax. However, one of them must live in it sometime during the year and it cannot be rented out when your parent is away. There is not much paperwork, they just need to declare the...

No, you still have to pay Canadian tax, however, you will be able to reduce the Canadian tax payable if you have to pay tax in your home country. Canada tax the resident's worldwide income. Therefore, even you don't have Canadian source income for the first few months after you moved to...

You pay Canadian tax on worldwide income, including interest income from FDs, mutual funds and real properties. If you pay tax for these incomes in your home country, you can get a foreign tax credit.

Unemployment insurance and Canadian Pension Plan contributions are based on employment earning only, you do not have to make additional contributions because of your interest income. On the flip side, interest income is also not consider as earned income, it cannot increase your RRSP...

The tax rate will depend on your taxable income. The higher is your income, the higher is the tax rate.

It is not necessary to submit BSF186 if you are only doing a soft landing. You can have it stamped when you move to Canada permanently.

If you have income in 2018 then you need to file a tax return. You can get a 2018 tax filing software, fill in the required information, print the return out and mail it into CRA.

It is not surprising that your company pays US based employees more money. US based employees have a lot more expense than their Canadian counterpart. They have to maintain a home in the US and one in Canada. They would also have to pay to travel home to visit family. They also have to pay...

There is no need to prepare a Goods to follow list when you are doing a soft landing. You only need to do one, when you come to Canada to settle. You can submit a goods to follow list for yourself when you move to Canada and your wife can do the same when she move to Canada down the road.

If OP had gone to school in the same province that OP is residing now. OP would have satisfied the 6 month requirement.

You should be able to exchange a US driver licence for a Quebec licence right away.

In addition, the tax payable is calculated using adjusted cost base.

OP indicated that the cars are leased. As a lessee, OP cannot change the registrations.

You are deemed to have acquired the property at fair market value at the time when the property use changes from personal-use to income producing. Any future gains will be taxable.

I am not sure you can buy insurance in Canada for US registered vehicles. You might want to check into that.