Nancy Zheng
Nancy Zheng
Nancy is a Senior Tax Manager at MCA Cross Border Advisors Inc.
Nancy has reviewed and prepared corporate, partnership, limited partnership, individual, foundation and trust tax returns. She has also managed cross border tax preparation including coordinating with US tax specialists; assisted clients with US returns including 1040NRs, Form 8840 & FBAR; and assisted ultra-high net-worth families on various tax projects & planning opportunities.
Before joining the team at MCA Cross Border Advisors Inc., Nancy worked at a single-family office for one of Canada’s wealthiest families as a Tax Accountant, as well as a Corporate Tax Specialist at a boutique multi-family office within one of Canada’s largest financial institutions, where she worked closely with corporate and ultra-high net-worth families.
Nancy is a Chartered Professional Accountant (CPA), and has completed the Canadian Institute of Chartered Accountants’ (CICA) in-depth tax course, and the Canadian Security Course (CSC). She also has two honours Bachelor of Commerce (B. Comm.) degrees from the University of Ottawa, with specializations in Finance and Accounting.
Education
- Bachelor of Commerce (B. Comm.) in Accounting, Honours, University of Ottawa, 2010
- Bachelor of Commerce (B. Comm.) in Finance, Honours, University of Ottawa, 2007
Certifications & Memberships
- Chartered Professional Accountant (CPA)
- Certificate for CICA In-Depth Tax Course(Levels 1-3)
Recent Articles, Media Interviews & blogs by Nancy
Selling Canadian Real Estate as a Non-Resident of Canada
Explore essential tax strategies for selling Canadian real estate as a non-resident, including options to minimize capital gains and navigate compliance requirements. Learn how choosing between maintaining the original cost basis or triggering a tax event can impact your financial planning, ensuring informed decisions for your cross-border property transactions.
Renting out Your Property as a Non-Resident of Canada
Predicting the housing market is already challenging due to interest rate fluctuations and other factors. Throw non-residency into the mix, and for someone departing Canada, it becomes a complicated decision whether to maintain one’s principal residence or to rent it out as a non-resident owner.
If you decide to maintain your property when you leave Canada, and then rent it out as a non-resident, you may be interested to learn about the tax compliance involved for non-resident owners, and what tax planning options are available.
New CRA Rules to Report Beneficial Ownership of Trusts
With the Canadian tax season now behind us, this is a good time to go over the newly released CRA trust reporting rules that will come into effect for the 2023 tax year. On December 15, 2022, Bill C-32, which enacted the enhanced trust reporting rules, received royal assent. The new rules will require trusts that have a taxation year on or after December 31, 2023 to comply with the new reporting requirements.
CROSS BORDER PROFESSIONALS
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