| Canada Taxes |
| How much money can you have in a bank account before you start paying tax on it at end of year? |
You pay income tax on the gains. T5 Slip is issued if the account earns more than $50 in the previous tax year. ... |
| Do you have to pay taxes on land that was sold as part of an Inheritance? |
I'm not clear where you are, but it sounds like you are in the USA.
The US has different rules than Canada.
If you are in Canada, and you have inherited land, first of all, there is n... |
| I,m looking for Canada pension plan for people with dissabilities? |
You can, but WSIB will take the CPP disability payments into account.
... |
| Do you have to pay capital gains taxes on vehicle sold? |
Yes. The property you are describing is considered a personal use property, and you do pay capital gains when you sell it. ... |
| In Canada is it the same TAX ID and Social Insurance Number (SIN)? |
It depends on the context in which TAX ID is used.
If you are an individual dealing with the Federal government with respect to your personal income taxes, your Tax ID will be your SIN. However... |
| Why is the canadian tsx exchange not on real time? |
This isn't a tax question, but you can actually get realtime access to the TSX, if you have that type of account with your broker. That type of account is more expensive; you get what you pay ... |
| Are my winnings or settlements from a lawsuit taxable? |
It depends on why you sued the person. If it was for lost wages, then yes, it is taxable. If it is for damages, for example, then no.
... |
| Does anyone know about the 'Quick Method' of accounting? |
... |
| As a Canadian, will I have to pay tax on money inherited from American relatives? |
There is no inheritance tax in Canada. There will be capital gains tax on the difference between the value of your half when you first inherited the house, and the amount you are selling the house ... |
| Does Canada charge custom tax for computer shipped from US? |
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You will have to pay taxes on your purchase. Check with the Canada Revenue Agency to see just how much tax you can expect to pay.... |
| Ebay: Taxes when going into Canada? |
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You have to pay whatever the custom charges are. The only way to get out of it is to break federal law and risk 10 years in prison by asking the seller to mark it as a Gift on the customs f... |
| OK all you Albertan girls, what do we have to do to get the GST off femanine products? |
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I'm not from Alberta, but I can tell you that GST is a Federal, and not a Provincial tax. Therefore, any sort of comments/concerns about this tax, and the products it applies to, would b... |
| HBP / RRSP withdrawal possible? |
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Yes, but since you are withdrawing $6,000, the bank will have to withold 20% of the amount for taxes at the time you make the withdrawal, unless you fill out this form: ... |
| How long does it take to sponsor a Canadian to come to US? |
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The only part that relates to taxes is #5.
Once he moves, and has more specific details about his remaining ties with Canada (bank accounts, properties, family, etc), I would contact the ... |
| How much do ou make a month? trying to find out the average wage in canada? |
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This is not a tax question.
I'm not posting that on the internet, and if I were doing research, I wouldn't trust what people are posting on here.....check out Statistics Canada ... |
| How do you register for pst exemption? |
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Small businesses that charge PST are exempt from PST only for the items that they intend to resell, not for items they consume in the business.
You just register for PST, and then you hav... |
| My accounting department is weird... How should I make sure I'm paying enough taxes? |
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CPP and EI are both taken into account when calculating your tax.They are considered non-refundable tax credits for income tax purposes.
If you want to calculate your deductions yoursel... |
| I would like to know if your on odsp(ontario disability) do you have to claim tips that you make at work? |
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Tips, at least with respect to income taxes, are considered income, and are in fact taxable.
Applying that knowledge to your scenario, I'd say it would be considered income, and wou... |
| What is the meaning of life? |
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The philosophical question "What is the meaning of life?" means different things to different people. The vagueness of the query is inherent in the word "meaning", which ... |
| Do canadian english teachers in korea have to pay taxes when coming back to canada? |
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Yes, and they may in fact have to report it each individual year, depending on their residence status. Canadian residents have to report all worldwide income.... |
| Do I pay income tax to the province I am working in or the one that I live in? |
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You are liable for the provincial tax to the province in which you reside on the 31st of December.
If you live and work in different provinces, your employer may be deducting your taxes a... |
| Isn't donating Hsu money to charity a HUGE tax deduction that essentaily is the same thing as keeping it? |
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I would have thought that a responsible politician would have donated the money to a fund to reimburse the poor people that Hsu stole the money from!
But, then I suppose they probably look ... |
| Can someone give me a number or a website other then revenue canada to find my ontario income tax refund info? |
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No organization outside of CRA has access to the information you are looking for,since Ontario uses CRA to administer their personal income tax program. This is to protect your privacy.
... |
| Is it better to pay down mortgage or contribute in RRSP assuming the rate of return is at 8%.? |
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Banks and anyone selling RRSPs will always say RRSP, or some combination of both RRSP and mortgage reduction (using your refund to pay down the mortgage, for example).
In reality, it is... |
| Do canadians teaching english in korea have to pay canadian income tax? |
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Yes they do if they are considered Canadian residents, as Canadian residents are taxed on their worldwide income. Each person's situation is different, but CRA's International Tax S... |
| Can you declare bankrupsy on your taxes in canada? |
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If you declare bankruptcy, all debts, not just tax debts, have to be included. If you own a business, there are deemed trust issues with payroll, (and GST too, if you don't actually go ... |
| My teenager is working now... will this reduce my 'equivilent to spouse' amount I claim for him on income tax |
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Yes it will reduce it, but not by a lot, and having his own money will reduce the amount you have to pay for his education later, or alternatively, his clothes, CD's, MP3 player,etc, now... |
| Tax return in canada? |
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First, determine if you are considered a resident or a non-resident of Canada. Once you've figured that out, you'll be able to use either the General Income Tax Return, or the Return... |
| Capital Gain Taxes - Sell & Buy immediately - Impact ? |
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No, there is no reference in the ITA to specifically discuss what is essentially a superficial gain (unlike the superficial loss rules).
The only other rules you might consider are Gene... |
| Do I need to pay tax if I am selling used items on eBay? |
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One place you say you are selling and one place you are buying? Which is it? If you are buying within the state where you live you usually have to pay the sales tax for the city where the ... |
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