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| *The Commerce Journal>>>Canada Taxes |
Why do i pay taxes now theat im married? |
Every since i got married, now all of sudden im paying a lot of taxes back, and my husband keeps on getting refunds... His father is doing our taxes and im not sure if he knows what he is doing. Does anyone know why this is? sorry spelling mistake. "That" It's hard to say without looking at your previous years' taxes. Since they now use both yours and your husband's incomes to calculate credits, you are likely not entitled to certain credits that you previously had received. And even if your combined incomes are still low enough that you would get the credits, only ONE of you can claim the credit. Chances are that your husband's father is putting those credits on his return. There may be other factors as well, like if your husband puts money into an RRSP, he may get more of a refund. If you were previously a single parent, you would have got more of a refund. It's difficult to determine without all the information. I would never trust anyone to do my taxes unless i knew for sure that they were a certified tax accountant. You may not be eligible for certain credits anymore (if you had kids prior to the marriage, you can't claim them as equivalent to spouse when you are married).. In addition, does your husband make less than you? He claims the child care if so. Do you donate to charity? Your father-in-law may be putting those credits on his return, instead of some on both returns. Is your husband claiming RRSP contributions? Are you canadian?? |
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The BoC has indicated that they are not necessarily move interest rates in the same direction as the US Fed. For the currency to depreciate vis a vis the US dollar, we're going to have to l... I find you lose the credit if you start making ~$30,000 or so. ...Ignore the post above. It is clearly false. Your wife can claim a % of property taxes as a commissioned employee IF she has sufficient commission income. She will have a box 42 on her T4 repor... Yes, if your wife is "resident" of Canada for tax purposes. She can claim a foreign non-business income tax credit for any foreign taxes paid to the U.S. state and federal governments... If you are looking for the information from your T4, you can call CRA at 1-800-959-8281 (press *). Hopefully it is in their computer by then. ...The first payment for the year 2007 returns will be July 2008. The rest of the payments... October 2008, January 2009, and April 2009. It is usually direct deposit the first friday of the month... Box 42 is a special info box for commissioned salespeople to claim tax deductions for expenses incurred. It is transferred to Form T777. Commissioned employees can deduct some costs that non-comm... Paying someone to do your taxes is a waste. It sounds like you are a typical 20 year old which means it would take a total of 5-10 minutes to do each year. Start by going to ... |
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