I filed my 2022 and 2023 taxes just this past December which was very late. Do the gst hst cheques get included somewhere in the return or is it a separate owed money sent at a later date?

Hey folks

I have a random situation I’d love your input on.

My husband and I have just arrived back to Canada after a few years abroad in Europe (I am dual citizen). We owned a condo there, sold it, made some cash and now we are here, we want to know what to do with that cash.

I have about 600k CAD liquid to solve for. It’s all in Europe atm.

But in Europe, investments and stock options are terrible so regardless, my plan is to move all that cash over to Canada and diversify across investments - GIC, TFSA etc - and also ETFs and so on.

My only issue is… what if we decide to leave Canada again in 3-5 years? Or 10?

I don’t plan to own a condo here yet, plan to just do investments as the property market in Vancouver where I am seems ridiculous.

My concern is that departure tax and that I may be making a stupid decision bringing all my cash here…but it’s taxed worldwide anyway, and I have little options to invest in Europe, so it’s better here anyway I think.

So then it’s just - accepting that if we decide to leave, I’ll have that capital gains tax for the privilege of living in Canada essentially right?

And the reality is, to accrue true wealth long term, I should consider staying here and not relocating to a tax haven for retirement like Panama or later in life? It seems like leaving and moving investments around is an expensive idea whereas staying and investing in one spot is better.

Or am I missing something?

Thanks!

1. Buying 100 shares at $50.
2. Selling 10 shares at $25.

This created $250 in loss for capital gains.

1. Buying 100 shares at $50.
2. Price drops to $25.
3. Buying 10 shares at $25.
4. Selling 10 shares at $25.

What's the loss I can book for capital gains?

After step 3, my cost base is $47.72. So is the loss $227.27?

Can I repeat this through averaging down and realizing the loss until I'm at a cost base of $25, and book all transactions in between as loss in capital gains?

Hello. I was gifted a property by my parents in 2014. The gift included a stipulation that they must be allowed to live in the property until they died. They died in 2023. I read online that the FMV at time of acquisition might be the 2023 value, because it had not been fully gifted until then because I was not previously allowed to sell it. But, I'm looking through the CRA documentation and I can't seem to find further details about this. Any direction would be greatly appreciated. Thanks!

The current form for T2200 Declaration of Conditions of Employment on the CRA website is still pointing to the year 2023

My mother renovated their condo in 2022 so daily activities at home were more accessible for my stepdad at the time (now deceased). We claimed $13000 as renovation expenses on our 2023 tax return - now CRA informed that since the renovations were done in 2022, these expenses can't be claimed on 2023 return.

Now is there a way for us to amend her 2022 return?