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| Canada Taxes |
| What is the current income tax rate in Toronto? |
19.83% assuming you have no credits or deductions not mentioned in your question.
Toronto does not have an impact on income tax. You pay the same for any city in Ontario. Different provinces wil... |
| What percentage of income does minimum wage workers pay in canada for their tax? |
The tax payable for someone working for min wage is $1874 (assuming a normal work week) so they pay 10.3% of their income if they don't have any credits or deductions to lower that.
Min wag... |
| Living in Canada and owning a private business, I want to purchase a condo in the US under it. What do I do? |
You'll need to check US tax and other laws for the area you want to operate. You'll need a business license, other permits, and you'll probably need a visa in order to do any work f... |
| What name do I put on my Canadian tax forms? |
This is simple...The tax dept doesn't care what your name is, it is the Social insurance number (S.I.N.) that they go by
On the front of the tax form is a place to indicate marital status,... |
| So how do i go about getting the PST & GST i paid in canada back on all the stuff i brought back to the states |
You cannot get the PST back. Never could. You used to be able to get the GST back, but I believe that was stopped about 2 years ago. ... |
| I have a micro business, and I am doing my taxes:GST, PST, income tax. What's the 2007 US dollar rate to use? |
It's on the bank of Canada website but the average rate for the year was 1.0747. ... |
| What is my residency and where should I pay tax? |
If south africa considers u a non resident, it would do so if u are a cdn resident, or a resident of some other country. South Africa adopts similar "ordinarily resident" approach as in ... |
| I'm buying a condo in the US. How can I minimize the taxes I would pay on the rental income? |
$3500 for inspection visit appears a lot, and only a reaonable amount is deductible, or capitalised as condo cost. And condo fees, prop tax and insurance are deductible only if the condo is used e... |
| Re allowable food and lodging expenses? |
I'm not even sure you can deduct food in this situation. Lodging yes, but not food, that's a living expense.
In any event, you need receipts. ... |
| When the government owes you a tax refund...? |
Probably not. You walk on their sidewalks and public buildings every day, and use their federally-funded transportation networks, benefit from the security their border patrol and policing programs... |
| Doing 1/2 the roof (instead of all)- is it really considered to be a necessary 'repair' for write off expenses |
The CRA has interpreation bulletin on this topic.... |
| Canadian taxes...............? |
NO, they wont help u do it. It is your responsibilty to do it yourself, or pay someone to do it for u. You should look out for some FREE tax clinic in your area, as offered by the CA Institute. ... |
| Say you made $56,000 Cdn approx......? |
You may not owe more if (a) your employer properly withheld your taxes, (b) if you have no other income (dividend, interest, rental, etc.), and (c) if you are not eligible for other personal exempt... |
| When doing taxes, can you claim alternative medicine as medical expenses? |
Medical practitioners authorized to practice in accordance with the above laws can include (depending on the applicable province or jurisdiction, as the case may be) the following:
(i) an osteopat... |
| What do I have to bring in when I do my taxes? |
Any T4 slips, any education receipts, any medical receipts not covered by your insurance company, any tax receipts given by charities you donated to. Thats all thats needed by most people
Also,... |
| If I owe for outstanding student loans, can Revenue Canada take my husbands personal tax refund? |
No they will only take YOUR refund. ... |
| Canada tax return cash income? |
you don't need to be a company or have a company name to be self employed.
What matters a lot for you, is did you have expenses diectly related to the income you made
For example, were yo... |
| F visa income?? |
You need to pay tax to the chinese govt if u were employed by that china company, or if u carried on a business thru a permanent establishment in china. ... |
| Hobby income ...? |
There are other businesses that do not necessarily have receipts such as income from vending machines. Establish your records based on cash sales; list items and sale prices in your records. Claim ... |
| Hobby sales, mileage..? |
No. (See CRA Link Below). Rates have really gone up over the last couple of years. I have copied them below;
The automobile allowance rates for 2008 are:
52垄 per kilometre for the first 5,00... |
| Do I claim CCA on an asset that I buy and sell in the same year? |
When you buy an asset its cost is added to the pool of assets of the business.
The half-year rule applies and the depreciation associated with the asset is limited to 1/2 of its CCA rate for t... |
| Spouse non resident in 2007. How not to claim spousal amount? |
you can't claim for a spouse if you weren't living together ... |
| If i give myself a mortgage overseas under a corporation, can i buy a house in Canada? |
You can buy a house whether u got the money from your overseas corporation, bank account, or from a foerign or cdn bank.
However, before u can deduct the mortgage interest in canada, the mortgag... |
| Question about Canada Tax laws and penalties? |
If it's minor you will be charged he tax, plus penalties, plus interest. If it large enough that they feel you were hiding it (for example, how could you 'forget' half your income?)... |
| Does canadian government accept a partial forgiveness of gst debt that is long overdue? |
I doubt the govt would forgive the debt if your husband's name is still on the house title, and the govt intends to get the gst back when he has the money from selling the house.
If u wish,... |
| Ontario tax - can I claim for support payment to my mother living abroad? |
No, you cannot. This is the same (no deduction) as paying support payment (living expenses) to an unemployed adult child living in another province. ... |
| Ontario tax - can i claim for medical expenses incurred abroad? |
Yes, you may, if the foreign hospital meets the condition and if your medical expenses exceed 3% of your income.
If there is doubt as to whether an institution is a licensed private hospital, ... |
| Geologist working in the Arctic, can I write off some of my clothing? |
If u are self employed, you may deduct some of these clothing expenses that relate to your job and these clothings cannot be used for your personal daily clothing.
If u r an employee, you may ... |
| If if filed on march 26th when will i see my return.? |
by mail takes about 3-5 weeks ... |
| Doing my taxes? |
Yes, u have until the end of this month to file your tax return. If u owe taxes, there will be interest charges.
Here is link on completing and sending your tax return:... |
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