- Joined
- Dec 5, 2007
- Messages
- 2,880
Hello Everyone,
Are there any implications to a parent (non-Canadian) transferring money (to be deducted from their will) to my business account? say $50,000.
Does it get reported in anyway or should it not affect tax?
Are there any implications to a foreign non-Canadian investor transferring money to my business account? say $50,000.
Does it get reported in anyway or should it not affect tax? obviously there will be an agreement with the investor etc. but the question is regarding the transfer itself - technically, does the transfer itself affect tax or the business reporting in some other way?
THANKS,
Neil
Are there any implications to a parent (non-Canadian) transferring money (to be deducted from their will) to my business account? say $50,000.
Does it get reported in anyway or should it not affect tax?
Are there any implications to a foreign non-Canadian investor transferring money to my business account? say $50,000.
Does it get reported in anyway or should it not affect tax? obviously there will be an agreement with the investor etc. but the question is regarding the transfer itself - technically, does the transfer itself affect tax or the business reporting in some other way?
THANKS,
Neil