624 plain-English guides on cross-border, each one ending in what to do next.
Page 24 of 26, newest first.
Yes, on Form RC4288. ITA 220(3.1) reaches penalty and interest but not the tax, ten years from year end. The CRA runs interest on a ten-year accrual clock.
Cross-BorderYes. Form T1244 elects under ITA 220(4.5) to defer the tax on your deemed disposition, and the statute deems security accepted up to a floor amount.
Cross-BorderLeaving Canada doesn't cancel the principal residence exemption, and the departure rules don't trigger it either. Covers key rules, filing requirements,.
Cross-BorderUsually not. Canadian Corporations and Companies are treated as corporations for US tax, so Form 8832 is closed to them.
Cross-BorderIf you meet the substantial presence test and want the closer connection exception, Form 8840 is the statement you file.
Cross-BorderYes if you're resident in Canada and a US corporation is your foreign affiliate: 1% yourself, 10% across related persons, 10 months after year end.
Cross-BorderUS self-employment tax is a US-person exposure: it generally reaches US citizens and US residents wherever they live. Covers key rules, filing.
Cross-BorderNo, and the relief reaches back further than most write-ups say. But it left Form 8938 and the FBAR standing, and that carve-out is in the operative text.
Cross-BorderThe foreign trust files it, the trustee signs it, and it's due the 15th day of the 3rd month after the trust's year end (15 March for a calendar-year.
Cross-BorderFrom 2026, GILTI is net CFC tested income: no QBAI carve-out, a 40% deduction and a 90% credit. A CCPC at the small business rate usually fails the high-tax test.
Cross-BorderThe US, if the move made you a US tax resident, and the reach is then wider than you'd expect: a resident is liable on income from sources inside.
Cross-BorderThree taxes stack when you move from Toronto to New York: state, city, and nonresident sourcing. Departure tax and RRSP treatment on top.
Cross-BorderFiling US returns quietly going forward skips Streamlined's penalty protection. The trade-off between a quiet disclosure and the formal program.
Cross-BorderForm NR74 produces a non-binding CRA opinion on your residency status when entering Canada. Usually not worth filing, for the same reason NR73 is risky.
Cross-BorderNo, it's not taxable income. But once a gift or inheritance from a Canadian parent tops $100,000 in a year, Form 3520 is required.
Cross-BorderYou need it when you take the position on a US return that the treaty overrules or modifies US tax law, and no waiver covers you.
Cross-BorderShort-term US rentals by Canadian owners trigger different passive activity and withholding rules than long-term leases.
Cross-BorderYes. ITA 116(5) makes you liable for 25% of the full price if the non-resident seller lacks a clearance certificate. Covers treaty provisions, foreign tax.
Cross-BorderBuy a US property as a Canadian and four obligations attach: a US charge on rental income, withholding on the sale keyed to gross price.
Cross-BorderSection 1250(a) recapture is zero on a post-1986 straight-line residential rental held more than a year (sell inside a year and it's real).
Cross-BorderIt depends on the property's value, estate plan, and exposure. It depends on the axis, and this page lays out each rather than picking for you.
Cross-BorderThe decision turns on the US side (basis doesn't move) and one Canadian filing that switches on unless the place is personal-use.
Cross-BorderNo, a condo doesn't change your day count. Your day count does that, and ownership isn't a term in it. No, the purchase doesn't put you on a US.
Cross-BorderThe $60,000 is only the default. A Canadian resident's estate can trade the $13,000 credit behind it for a prorated share of the 2026 $15 million exclusion on Form 706-NA.