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| *The Commerce Journal>>>Canada Taxes |
Why do some Canadians receive a refund from the CRA??? |
Why do some Canadians receive a refund from the CRA??? One reason is that their TD1 is filled out incorrectly, and doesn't account for some of the deductions they are entitled to. Another reason is some people ask for extra tax to be taken off. The only time you get a refund is when you've paid the government too much money over the year; it is NOT a state to work towards; it is much better to have the amount of tax remitted to the government over the year equal the amount you owe for that taxation year. Ways to achieve this include filing an accurate TD1 and/or submitting a T1213 form to CRA for permission to reduce your taxes withheld at source.. |
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No I don`t think so. I received many different kinds of correspondence when my husband died including a cheque from them. I cashed it but had to return the money. To be sure call them an... There are several guides. information circulars, etc. on the CRA website. You cannot apply a capital loss to your regular income. It can only be applied to capital gains. (except in the y... You probably will have to pay taxes as it sounds as if you are planning to stay more than 183 days. See the link below for more details to determine your situation. You may have to get a r... You will have to pay the taxes and duties when it comes across the border. Often you'll get invoiced by Customs for it when it arrives, and pay for it at the post office. Sometimes... The receiving end pays the duties. If you check the "gift box" 60$ of the declared value would not need to be paid (in your case the Canadian would only have to pay duties on the 2... Its a Capital Gain. I can't see how it can be business income if it was vacant, and you did not charge rent or provide any services. Land is Non-Capital. Capital are depreciating as... A capital gains tax (abbreviated: CGT) is a tax charged on capital gains, the profit realized on the sale of an asset that was purchased at a lower price. The most common capital gains are r... If you mean you are an employer, and need to know where to remit your (and your employee's) deductions for CPP, EI and Tax, then you need to contact CRA and get a BN. You can get your BN... |
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