| Canada Taxes |
| How to account for share buy-back from my corporation? |
|
Your idea, though creative, will not produce the result you are looking for.
Buying back shares is not a business expense, because it has nothing to do with the income earning process o... |
| How much dutie and/or taxes do i have to pay? |
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You wrote that you are buying it in person in Washington D.C.
How long will you be out of the country? According to info available at: ... |
| Canadians Only - I've been waiting 5 months for my tax refund this year, has anyone else waited this long? |
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The only thing I can think of is that they are reviewing your return, but perhaps haven't been able to assign it to someone yet (or you'd have a letter). Was there a big change from ... |
| Do you think your old age pension will still be there when "it's time"? |
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Pensions are for those who retire,
which probably isn't a good idea to
begin with.
If you wish to keep healthy, keep
working.... |
| If you don't know the mileage for company use 5 years ago, is it ok to guesstimate? |
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I assume you are either amending a previous return, or late-filing the return. Either case, the CRA would likely be spending extra effort in looking at your submission, more than they would... |
| Why doesn't Canada's government provide postage-paid envelopes for remitting taxes? |
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They are actually encouraging people to use the electronic methods to file (efile and netfile), and also for remitting (electronically through your bank).
Electronic processing cuts down ... |
| My best friend who is US citizen and I am Canadian citizen, want to purchase property in Ontario? |
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You should both be able to purchase the property, but your friend will have some different rules when it comes to taxes, since I assume they are a non-resident as well as an American citizen... |
| Fellow Canadians???? |
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All employees are entitled to vacation pay, the least you can receive is 4% of your gross, in Ontario. I've given you the Federal and Ontario Provincial websites, if you are not in Ont... |
| What I have to do for claiming my lottery money?What details i have to subbmit.? |
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This is a SCAM. Unscrupulous thieves have sent you this email and they are trying to part you from your hard earned cash. They will often ask you to call a premium rate number and keep you ... |
| Year end is April 10. Paid salaries April 12. Applies to previous tax year your (before April 10) or next? |
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I'm assuming that April 12 was the last day in the pay period. If this is the case, the the proper thing to do would be to accrue salaries and the appropriate payroll taxes that were ea... |
| Canadian Corporate Income Tax - does GIFI Field "Employee Salaries" include source deductions (CPP etc.)? |
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You should complete the GIFI in such a way that it reflects how the company's financial statements are presented. So if you combine the source deductions with the gross salary on the fi... |
| I want to go abroad there is any chance of me to go abroad if yes in which year i get chance to go abroad.? |
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This is not a tax question. You will have to find a job in the country you're interested in, if you're planning on working abroad. You'll also have to research that country'... |
| Why are taxes so high in Canada? |
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The City of Toronto collects separate revenues for the items you note, and the school boards collect their own revenues as well.
The money your employer takes off your paycheque goes to t... |
| How much is tobacco tax in Ontario? |
|
In Ontario, tobacco tax is $1.25 per carton.
Ontario tobacco tax revenues were approximately $1.4 billion in 2005-06.
Hope this helps.
Source(s):
... |
| I live in Ontario and i just got my first job, how much is going to be taken off my pay cheque for taxes? |
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CRA (Canada Revenue Agency) has an online payroll calculator that you can use to figure out your exact takehome $$...it's the same thing that a lot of small businesses use! It's fai... |
| Canada Withholding Tax on Franchise Fees paid to U.S. based corporations? |
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The Canadian Income Tax Act imposes a withholding tax of 25% of any payment by a Canadian to a non-resident if such payment constitutes rent, royalty or payments of a similar nature (includi... |
| I live in Canada and work for a US company and will travel to US for work, do I fill out Can and US tax form? |
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Will you be resident in the US? How often will you be traveling to the US? If you are not considered resident in the US and aren't a US citizen, you shouldn't have to fill out the US... |
| You should take a good look just how the gst affected the pensioners on power any services what ever gst on? |
| ... |
| Can somebody help me with payroll tax deduction on corporation.? |
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When you write that the corporation pays 50,000 in payroll, do you mean as wages? Or does that include employer paid benefits?
I'm not sure what you mean by "deducted as payroll ... |
| How much will my net income will be if im single, living in ontario and receiving gross income of 52,000/year? |
|
Assuming that you are between 18 & 64 for the whole year:
Fed tax: $7,077.09
Provincial tax: $3,581.24
CPP premiums: $1,910.70
EI premiums: $720.00
total: $13,289.03
net pay: $52,0... |
| What is a compensation draw? |
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There are several definitions/uses for this. If you work for a company in which part of your income is based on performance bonuses, you can sometimes "draw" (meaning "borrow... |
| Can I contribute to my Canadian RRSP in USD? How does this work with respect to the contribution limit? |
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The Canadian RRSP issuer will likely issue you a tax receipt in Canadian dollars, at the exchange rate on the date you made the contribution.
If you take the money out, you will be taxed ... |
| I want to purchase farmland in Canada either Saskatchwan or Manitoba.? |
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I'm not sure what specific law you are referring to, and what this question has to do with taxes.
If you are asking for a way around a law...I'd suggest asking the attorney who a... |
| Are Canada tax laws bad? |
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... |
| Laptop tax deductable?? |
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No, taken directly from CRA's site:
"In addition, you cannot claim the following other expenses:
students' association fees;
medical care;
transportation and parking; ... |
| Can you claim your spouse on your income tax if they are a stay at home parent? |
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Yes, your husband can claim you on his taxes. Take a look at a tax return, and you'll see how it works. One of your edits makes a note of him receiving $7,000 back for claiming you - t... |
| GST for incorporation and sole proprietorship? |
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This depends on whether or not you are registered for the GST. If you have annual sales of greater than $30,000 then you are required to register for GST, charge GST on your sales, and remi... |
| Question about canadian income tax? |
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I believe that you are asking about QST and GST. Once you have determined the GST and QST that you charged on your sales (income) then you need to add up how much GST/QST you paid on your b... |
| When will I get paid? I work at a grocery store in Canada.? |
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It depends on how the pay periods co-incide with your start date. For example, the payday on Thursday of your first week was probably for the two weeks before you started, which is why you ... |
| Working in Canada with non-immigrant visa? |
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We all pay the same tax.
70 %?? Don't think so.
Look here:
... |
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