Working Remotely From Canada for a US Company: Your Tax Obligations
If you are a Canadian resident working for a US employer, you owe Canadian tax on all income regardless of where the paycheque originates. This article covers T1161 reporting, treaty relief, and the risk of US state tax exposure.
Sarah Chen, CPA, CA 9 min read
T1135 Foreign Income Verification: $100K Threshold and What to Report
If the total cost of your foreign property held at any point in 2024 exceeded $100,000 CAD, you must file Form T1135 with the CRA. Failure to file carries automatic penalties of $25/day up to $2,500, plus potential gross negligence penalties.
Sarah Chen, CPA, CA 7 min read