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| *The Commerce Journal>>>Canada Taxes |
Accounting ?!!? |
Which of the following statements is incorrect? The last one is incorrect. A correct way to phrase it would be: Sales-cost of goods-operating expense= net income operating expenses-cost of goods sold does not equal gross profit. |
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They appear the same to me, and both not eligible to the cdn dividend tax credit ...It all gets included in your Canadian tax. Canadians pay tax on worldwide income, as do Americans, by the way. You then need to file for a Foreign Tax Credit, (sorry, don't have the form n... you do not pay capital gain tax on selling your principal residence in canada - it is tax exempt ...You may claim mileage for business trip if your employer requires u to use a personal car to see clients or customers. Pls note that to and from your home to your employer's work place is co... If you got sent tax forms in the mail then you should have received a sticker with the address. Just glue it to the front of the envelope. If not go to the post office and pick up a tax package ... The pension gives a retired worker a monthly cheque to support his daily living when he/she no longer receives a monthly salary cheque. The govt CPP gives a retired Canadian worker a monthly che... If you owe money, you will be charged 5% of the amount as of May 1 (the day after your return is due). You will then be charged interest on top of that ,at a pretty high rate. You can be charged ... Call up Revenue Canada and request it (phone number is on your Notice of Assessment). They'll send you a form to fill out and send back to them (with either a void cheque so they have your ba... |
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