| Canada Taxes |
| Should I lease a car? |
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There is a limit on the amount of lease payment that is deductible for tax purposes:
$800 plus PST and GST
Also, if it is your "company's" car, you'd be receiving a t... |
| If you make below the taxable income line, does your employer still take the tax off, then you get it back...? |
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If your annualized wages are below the exemption then no tax should be deducted from your paycheque. Currently the exemption is approximately $9,000, which translates into roughly $350 ever... |
| If a couple earns over 65 k a year in canada, what are some ideas for tas reduction? |
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1) Buy RRSP. In fact, maximize it if you know you are not going to move up to a higher tax bracket in a year or two, and you don't need the money until retirement.
2) Borrow to buy ... |
| In Canada How Can buying rental property be used to lower personal income taxes? |
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If you buy the rental property personally, then any net rental losses will decrease your taxable income, and thus your personal tax payable.
It is very possible (especially in the first ... |
| Tariff Tax to Canada? |
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Just a word of advice.
Sometimes Canada Post will charge you a service fee for collecting the tax.
If UPS delivers it, expect a huge bill called a "brokerage fee"
Don't... |
| Is vacation pay income taxed?if so should it come on a cheque separate from pay cheque? |
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Vacation pay is a standard deduction for most employees, based for most at 4%. Some contracts negotiate a higher rate. It is there, so when you take holidays you still have pay coming in ... |
| I am employing a canadian citizen on TN1 visa - how do i pay him - as an Employee? |
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If he is actually an employee, then no, you can't just pay him as a contractor. This determination is based on the relationship between you, and not just what you decide to call him and... |
| Comparing pay check to pay cheque. How much money is deducted from your pay check in Canada compared to USA? |
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Actually CRA has a calculator, but you should know that each province has a different rate of provincial tax.
Here is the caculator:
... |
| How can I make sure my employer is taking tax off my paychecks correctly? |
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I'd assume you will need a Canadian answer.
You can actually check the CRA website regarding deductions - they have an online calculator that at least covers the federal deductions fo... |
| Canadian living and working in US on a visa....information on paying taxes?? |
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As a Canadian living and working in the US you may or may not have to pay US taxes. Double check here:
... |
| Is it possible to get credit card if your under 18 in Ontario, Canada? If so which companies offer the service |
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you can get prepaid credit card with your parents permission. if your parents are ready for it, apply online at: ... |
| Canadian taxes...? |
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Many employer in the construction industry pay cash to the workers, treating them like independent contractors. By doing this, they can avoid complying with labour laws, avoid paying the e... |
| Questions for Mothers living in Canada. Please help.? |
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I would recommend going to the Service Canada website.
... |
| GST Query on compensation? |
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Could you post the Province you're in, and the form number you're looking at? It might help give some context.
For me GST registrants are people who are in business and have regi... |
| Canadian money? |
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I'm not sure what your own currency is - is it US dollars? The Canadian dollar is really strong against the US dollar right now.
According to xe.com,
... |
| Could i claim a gift to a nursing home? |
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Unfortunately, if the nursing home is not a registered charity, then you cannot claim your donation for tax purposes.
You can see if it is a registered charity on the CRA website:
... |
| How much should I reserve for the next tax year (Canada)? |
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Assuming your employer makes all the right deductions, and you have filled in the TD1 (the tax forms they give you before you begin your job) correctly, you should not have to pay any more t... |
| I have lost my last statment of tax ( the summary) from the Canada revenue agency. How can I get another copy? |
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What you are missing is called your notice of assessment, sounds like for the 2005 year. There is certainly a way to get it in person if you have a district taxation office near you. Just ... |
| Canada residents trading american stocks tax rates any tips? |
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All transactions (buys, sells, dividends etc) need to be converted to Canadian dollars for tax purposes. You can use monthly or yearly average rates. See Bank of Canada for rates.
Track... |
| I know this sounds cheap but give me a chance !? |
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It depends upon how much you make and your expenses.
Here is a link about WIC which may help answer your question
... |
| On yahoo answers can u have a negative amount of points.? |
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no
Source(s):
me... |
| Can I work while receiving cpp benefits? |
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Okay you need to get a little more specific here?? First of all how old are you? Are you drawing a retirement pension? Are you on a disability pension? Are you on a child pension?
You ... |
| I m from canada , want to buy marlboro from online. but i want to avoid tobacco tax. anyone can help? |
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Do you know someone who is crossing the border after a stay in the US?
Usually there is a personal exemption limit
Tobacco Products
Visitors arriving in Ontario who are 19 years of ag... |
| Is combining to arrive at family income fair in all cases? |
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Regardless of how the two individuals have chosen to structure their affairs, the GST rebates are based on household income, period. If the husband doesn't like how his wife is spendin... |
| I got some money from my mother this year, after she sold her house, it is part of my inhertience.? |
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Your mom would have to be deceased for it to be your inheritance. If she's alive, it's treated as a gift to you, and gifts are not taxable to the person who receives it. Your mom cou... |
| Is it better to pay off debt or invest in RRSP? |
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The general rule is to pay off debt first - ESPECIALLY higher interest debt, like credit cards, and car loans.
Where the waters get murkier are when you are deciding to pay down your mor... |
| Do I have to pay canadian taxes if I buy 100 t-shirt from oversea? |
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Yes, you will have to pay tax and most likely some duty charges as well.... |
| American and Canadian currency? |
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If you pay by credit card, your bank/card company will automatically convert it to the currency necessary.... |
| About my contributions at philhealth? |
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I think you need to ask a question. Is this posted in the right area - Canada? I don't recognize that company.... |
| How do I file for my income tax return in canada without my t-4s? |
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Simple answer, you can actually file a blank tax return with CRA and they will fill in the information they have on file for you. But I don't recommend it. Call this number 1 800 959 ... |
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