Category: Canada

Is Interest Income Taxable In Canada?

Interest income is taxed as ordinary income, regardless of whether or not the interest is derived from a source in Canada. Accrued interest income on most debt obligations must be reported annually. What amount of interest income is not taxable? If you received more than $1,500 of taxable interest or dividends during the year, you […]

What Are The Documents Required For Temporary Resident Visa Canada?

Documentation to prove status may include: national identity card. certificate of citizenship. birth certificate.For minors a letter of invitation or an explanation for the purpose of the trip. evidence of ties to the applicant’s home country. proof of current immigration status in the country of application. What are the requirements in temporary residence visa in […]

What Is Canada Sponsorship Agreement?

The sponsorship agreement outlines what you’re committing to when your organization becomes a SAH. Some of these commitments include. financially supporting refugees during their sponsorship. providing settlement services to sponsored refugees, including helping them adjust to life in their new community. What does sponsorship agreement mean? The Sponsorship Agreement refers to a written contract in […]