| Canada Taxes |
| What do you pay tax on owner sold business who carried the loan-principal or interest? |
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Your question is not very clear, but if I understand you correctly, you are asking about taxability of loan payments.
The interest portion is taxable income. The principal portion is n... |
| Where can i find section 216 form for Canada tax form? |
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Jim has it right ask in the other side of the pond.... |
| How much tax does the Canadian and American worker pay? |
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For Canada, it depends on which province you live in.
For $36k income, assuming you live in Alberta which province tax rate = 10%, you will need to pay:
1) Federal tax approx $4300 and... |
| Canadians, what percentage of your earnings goes to taxes? |
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the previous answer is only partially correct. the % of earnings charged for tax is based on your income all provinces are rated the same as far as Federal Tax but each province will vary in... |
| What is the avarage income in Canada? |
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For 2005, the average family income is $78,400. This is for families of two or more persons.
The 2005 average income for unattached persons is $32,300
The 2005 median total income for... |
| I will buy some in internet and send it to Canada, i have to pay taxes there? |
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In general, the seller is responsible for charging and collecting taxes. In most cases, the sales tax will depend on where the goods are being delivered. But many internet vendors do not c... |
| Gst offset? |
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First, there are three categories for GST. These are taxable, exempt, and zero-rated. The registration requirements and tax treatment is different for each category, so it depends on the n... |
| RRSP in Canada, how much saving is enough? |
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Fundamentally, you need to determine the following:
-When you would like to retire
-How much income per year you will need during retirement
-How long you expect to live (an estimate obvi... |
| How long does it take for Canada Revenue Agency to deposit income tax refund? |
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If you did your return by phone, it usually takes 2 to 3 weeks. If you sent it by conventional mail at the deadling, it can take up to 8 weeks.
Source(s):
... |
| How much tax can a person pay in ottawa,ontario? |
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If you earn this income after July 1, 2007 and you have no dependents etc. you would pay a combined total of federal and provincial income tax on this income of $18,623.00. You would also be... |
| Good Canadian Payroll Software under $100? |
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How many employee do you have?
Quickbooks is the cheapest one and easy to use. But it requires subscription which may cost some $$ in a long run.
If you only have a few employees, you ... |
| Canadians: child tax benifet? |
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Since the benefit is based on the income you reported on your 2006 tax return, your child tax benefit payment will be delayed until your 2006 return has been received and processed. So file... |
| Tax on monetary gifts in Canada.? |
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The money your mother given you is after tax dollar. It is up to her to do whatever she wants to do with it. It would not be taxable on your part (you do not have to declare it on your tax... |
| How do i claim my tax refund in canada??? (i live in ontario)? |
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You'll need to determine which province you were a resident of for that tax year. Check the CRA site for details on this, or call them at 1-800-959-8281. Once you know which province y... |
| Duty for Notebook Import into Canada? |
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According to A&A brokerage firm there is No Duty on Computers or computer related products. You do have to pay GST and PST. I added their web page. UPS will add additional fees. Canada Post ... |
| Teenager Work In Canada Affect Income Tax? |
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Well, if your parents are divorced, then one of them might be claiming you as an eqivalent to spouse. Like the spousal amount, the amount they receive is reduced by the amount you earn.
... |
| Are there any benefits to claiming common-law in Ontario? |
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Common-law should be staying with you at least 12 month to gather. When you have child than 12 month rule does not apply. Does common-law has income? If not than you can claim as non refun... |
| Sold home in quebec, made a profit, is it taxable> do i have to claim it when i fill out my income taxes?? |
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If the house was your principal residence, then it is not taxable.
There are a few potential gotchas here though:
1) The amount of land sold with the house must be reasonable. A house ... |
| In canada what deductions can you claim to offset capital gains when selling land? interest on mortagage? |
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Mortgage interest is not a tax deduction in Canada. What you can claim is a portion of the property taxes you've paid.... |
| Teenager - Canada Income Tax Help? |
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The income tax act is a complicated thing. There are currently four tax brackets. You are taxed at a rate of 15.25% for income up to $36,378. For income between $36,378.01 and $72,756 the ... |
| What months do GST rebates happen? |
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January, April, July and October- four times yearly and only if you are eligible to receive it as well.
Source(s):
I'm Canadian... |
| In Canada why do we have to pay tax on in-kind dividend when the co. keeps the cash? |
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A dividend of any sort is paid out of a corporation's after tax income; the corporation has already paid the tax on this dividend.
A dividend in kind is taxable in the hands of the pe... |
| What are "subsequent events"? |
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If you have notes of financial statments prepared, you may see a headings "Subsequent Events". If you see this heading, then place a check mark on the question as stated on schedul... |
| Why haven't I received my income tax return yet? (Canada)? |
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You should call, or check online.
CRA's refunds are being processed normally.... |
| We are buying a house that we plan to sell in 9 months. Do we have to pay capital gain tax and how much? |
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No gains to report since its your principle residence,... |
| Need Help Waiver Letter? |
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Here is the link for the taxpayer relief provisions.
... |
| If you were a Canadian and would like to work in the States, do you have to pay double tax? |
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No. What ever taxes you pay in the U.S. would be claimed on your Canadian tax return. The maximum tax you will pay is at the Canadian tax rate.
Your best advice will be to contact a Canad... |
| How are Canadian Bond Funds Taxed? |
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If you have a bond fund, you will likely receive regular distributions of interest income. That is taxed as interest income. If the bond fund increases or decreases in value, and you sell it... |
| OMG PLEASE HELP TAXES IN CANADA?? ok so Ive never filed a return and its because theyve always owed me money? |
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You should file asap. If you owe money you will be charged a late filing penalty and interest on the money owing. It is up to the discretion of Revenue Canada as to whether or not they wai... |
| What means the Goverment deductions incl. tax,CPP, AND EI? |
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Don't worry about these; most workers in Canada see them on their pay stubs. They're all there for good reasons.
The tax deduction is the amount taken off to pay towards your annu... |
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