| Canada Taxes |
| Do I have to pay taxes on rental income as a foreign investor in Canada? |
|
Section 212 of the Income Tax Act deals with the Non-Resident Withholding Tax. You pay tax based on the gross amount of the rents, at the withholding tax rate between you and the country yo... |
| Is LIRA a tax deduction on Ontario tax return like RRSP? |
|
This money was pension money. When you contribute to a pension, the employer takes the contributions into account when you are paid, so you pay less tax right away and don't get a refun... |
| Why is it legal for an airline in Canada and the US able to disclose a 'fuel surcharge' as a tax? |
|
Here is a site that explains how to calcuate the surcharge (for freight, but it helps with the concept).
... |
| There are a tax refund when a foreign people buy electronics in usa? |
|
The Canadian government certainly doesn't offer any tax refunds for people who buy goods in the US and bring them into Canada. In fact, depending on the value, and how long you've be... |
| If you withdraw funds from your rrsp, what is the tax implication if you rent the place for one year? |
|
I assume you mean you plan to withdraw from your RRSP under the Home Buyer's Plan ("HBP") (therefore a tax-free withdrawal with scheduled repayment) in order to buy a property,... |
| Deduct margin interest for T1? |
|
If you are talking about interest on money borrowed to earn investment income then the interest would be entered on schedule 4, reducing any reported investment income such as dividends and ... |
| Taxes/Claiming income with a home daycare? |
|
not just unethical but illegal as well you can not hold a job while collecting benefits from the Government with out reporting the income whether or not its in your husbands name if you are ... |
| I live in ontario and need to know about taxes? |
|
You didn't say if you are paid weekly, bi-weekly, monthly, etc, or if you filled out a TD1..you said no deductions - are you at least claiming the basic exemption (not everyone does if i... |
| Ontario Taxes: Contract or Permanent? |
|
First of all, consider carefully what they are suggesting. In general, if your relationship with the company is the same when you are a contractor as when you are an employee, you may still ... |
| If ther are 3 people on a land deed and one of them dies.? |
|
Let's say that the father and mother owned the property and added the son, who didn't pay anything towards the property.
They would have been deemed to have sold a portion of the ... |
| I now work from home full time for a company in Canada.Are there any extra things I can claim on my income tax |
|
To claim expenses for employment, you will need a "T2200 Declaration of Conditions of Employment", signed by your employer. What you can claim will depend on what the employer tick... |
| If I register for a business number in Canada and provide my social Insurance number........? |
|
Yes, you and your business are the same legal entity. You can have as many trade names as you wish, but you are still you. The only way you'd be considered a different legal entity tha... |
| How to avoid garnishment of wages? |
|
This isn't a tax question, but if someone has succeeded in obtaining a court order, and subsequently obtained a garnishment against your wages, they would also be able to send garnishmen... |
| For anybody who lives in Gatineau,Quebec but works in Ottawa,Ontario(Canada)? |
|
Provincial taxes are based on the concept of residency. You will pay provincial taxes to the province in which you resided on December 31 of the taxation year, regardless of where your job ... |
| What happens if you exceed the limit of items brought back to Canada from the US? |
|
you have to pay a small amount of duty as long as you declare it first.If you try to smuggle it in you will be fined... |
| I own an online store in Canada. Do I charge our taxes to US customers? |
|
No. It is export to the U.S.
If a U.S. citizen buys goods in Canada and takes the goods to the U.S., then at the boarder (Canadian side) he/she can get refund of GST paid in Canada.... |
| What income taxes do you have to pay if you are a us citizen and work in canada? |
|
Since you are working in Canada you will owe income taxes in Canada, and since you are a US citizen you will owe taxes in the USA. You will be able to deduct at least some of your Canadian ... |
| Does Canada has inheritance tax and lifetime gifts tax? If yes, what rate it is.? |
|
Canada doesn't have inheritance taxes or gift taxes, however there are non-arm's length rules that apply when people transfer assets around.
For example, when a person transfers... |
| I want to do childcare in my home. Do I have to do taxes on the income? |
|
In principal Yes you do, but you would not do it, it would cost more money to get license and you pay higher taxes, etc.. But The government doesn't care for and 200-500 dollars a month... |
| Taxes for albertans for income for under 18? |
|
Tax rates do not vary by age so your income will be taxed at the same rate as any other person with the same income. But if you are earning less than $9,000 (approximately) for the year, th... |
| What is the after tax income for someone making $45,000/year? |
|
If you are paid every two weeks, your net pay after deducting income tax, CPP and EI will be approximately $1,308, which works out to approximately $34,000 for the year.
Canada Revenue Ag... |
| Where can i get a graph on GST? |
|
This is a link to a report on world tourism. It contains a few graphs of GST in relation to GDP, for a specific industry (accomodation).
... |
| How do I use my rental property as a business income instead of Personal. So I can take advantage of taxes? |
|
You don't need to incorporate the business to write off expenses. All related expenses such as mortgage interest, property tax, utilities etc are all deductible. There would be no immed... |
| I'm a canadian citizen living in the US and have a property in Canada. Do I have to pay taxes in Canada? |
|
You should contact the International Tax Services office to first determine if you are a resident of Canada. Residents of Canada are taxed on their worldwide income, so this is an important ... |
| Do you think taxes money is well used? |
|
NO... |
| In Canada, Would it make sence to not work extra hours to try stay within a lower tax bracket? |
|
I wouldn't think so, since taxes are always a percentage of your income, and they are never more than 100%. Therefore, even if you are only keeping 60%, that is still money you didn'... |
| Do i have to pay tax on the price i bought my house for? |
|
There are land transfer taxes you will have to pay, which the price of your home is used to calucate the amount. Also, if you buy a new or substantially renovated home, you'll have to pa... |
| Estate tax question? |
|
Word of caution: death brings many complicated tax issues. I highly recommend you to seek a qualified tax accountant. However, I will briefly go over some of the key areas for you.
Upon... |
| How much tax is taken off my paycheck if i'm in ottawa and work for goodlife? |
|
Okay, you live in Ottawa, Ontario so you will have the CPP, EI and tax rate for Ontario. I'm assuming you gave Goodlife a TD1 so they know if you are single, married etc.
Using the gro... |
| Receiving a digital camera from the U.S.A in Canada. Have to pay taxes? |
|
Sometimes the Post Office doesn't bother charging you. They usually don't open the box either. If they do, you will have to pay GST, which is of course 6%. There is not supposed to b... |
| Page:13 Previous-9-10-11-12-13-14-15-16-17-18-19-20-21-22-23-24-25-26-27-28-29-30-31-32-33--Next |
