Category: Canada

Does Refugee Status Expire In Canada?

Once you have received Canadian citizenship, you can’t lose your protected person status, unless you said something in your application that was not true. Does refugee status expire? No, I-94’s issued to refugees do not have an expiration date, as with visas and paroles. Refugee status is indefinite and cannot be revoked without a legal […]

How Is Interest Earned Taxed 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. How is earned interest taxed? Interest taxed as ordinary income Typically, most interest is taxed at the same federal tax rate as your […]