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Posted date : May 30, 2019

We purchased a condo in Florida four years ago and have made an approximate US$100,000 capital gain on it. But we are thinking of buying another property for about $315,000, thus not receiving any capital gain as we are rolling it all back into another unit. Do we still have to pay tax on the […]

Posted date : May 30, 2019

I was reading your reply to a member from Ontario, who asked about capital gains tax. We own a home in Florida. Bought it for US$65,000 and are selling it for US$130,000. We were told that we could deduct improvements we made to our place, such as all new windows, new roof, new AC, new […]

Posted date : May 30, 2019

My job jar is full and it is definitely my fault. After a wonderful winter break without red tide, hurricanes or fires to deal with, and with a few games of golf, beach days and exploring under our belts, it is time to pay for my past sins of procrastination.   Before leaving Canada in […]

Posted date : May 14, 2019

I found out recently that I need to submit an 8840 from July 2015 to current. Should I still file, even though it’s past the June 15 deadline? Or wait until next year? Is there a penalty or consequence for late filing? Thomas Phillips Vancouver, BC Response : Ed.: File it now. There are no […]

Posted date : May 14, 2019

I don’t know this for sure, but I heard of a Canadian going over the U.S. border and being asked by the agent what he thought of the U.S. president. Again, I don’t know what the response was, but the Canadian citizen has been barred from the U.S. for five years. I am going over […]

Posted date : May 14, 2019

We flew from Toronto to Honolulu to board a Holland America cruise ship on the same day. Thirty-three days later, we arrived in Auckland, NZ. We flew back to Toronto via a San Francisco connection. How many of these days are considered being in the U.S. against our 182-day U.S. allotment. Does it make a […]

Posted date : May 14, 2019

We are going to California for a week in October and coming back to Canada, before leaving for our winter in Florida on November 10. My question is, can we do that or do we need to wait for 30 days before entering the U.S. again? Monique K. Response : Ed.: I would wait for […]

Posted date : May 14, 2019

I am a lifetime member of the CSA and have an issue that I am hoping you can assist me with. I have had a business make an unauthorized charge on my VISA card and they have refused to reverse the charge. I had given them my credit card information over the phone for a […]

Posted date : May 14, 2019

I’m interested in knowing the ins and outs (insurance, registration, etc.) of leaving a car in Florida year-round. This would eliminate the need for a 4,100-mile round trip each year. Two options – leave a car purchased in Canada or buy a car in Florida and leave it there. Patrick Woods Saint John, NB Response […]

Posted date : May 14, 2019

We have been members of CSANews for 20 years +; we enjoy reading and look forward to receiving it. I would like to add to your list of hikes [from CSANews 107, Fast Facts] the BRUCE TRAIL, which is made up of nine sections: Niagara, Iroquois, Toronto, Caledon Hills, Dufferin Hi-Land, Blue Mountains, Beaver Valley, […]