| Canada Taxes |
| I want incure more income can you tell me the way? |
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I am a new mom well he is almost 1 year now and I didnt want to go back to work so i joined
... |
| The income statement has sales of $50,250,000 operating expenses of $10,115,000 cost of goods sold $35025000? |
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In my accounting book it looks like this:
Sales - COGS (cost of goods sold)= Gross Profit
50,250,000 - 35,025,000= 15,225,000 Gross Profit
Gross Profit - expenses= Income from Operati... |
| Is there anyway I can get my tax return back immediately?? |
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Not through CRA itself. There are a number of places like H&R Block that will prepare your return for you and take a % of your refund.... |
| An increase in ____________ will decrease the times interest earned ratio? |
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the components of the times interest earned ratio are:
EBIT/Interest.
lets say 1000/10 = 100
If interest expenses were to increase to 20, then the result would be: 50.
If gross p... |
| How much money did revenue canada recieve on april 30th? |
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it is too early to know those figures.. It takes them a couple of months to go through all the returns etc. But actually they didn't receive any money.. People normally wait for them to... |
| I own waterfront property in Canada and I am a US citizen I am considering one of two options and wondered? |
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Jo thinks you would pay tax to Canada first and show that tax on your U S tax return as foreign tax paid. (pg 2 1040,, maybe line 47?) (form 1116 goes to 1040) Since the sale is in Canada, t... |
| How much are taxes in canada? |
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What kind of taxes are you referring to? Sales? Income? Capital Gains, Eligible/Ineligible dividend income? Also, it does vary from Province to Province. GST (federal) is 6%, and provinci... |
| Oh good god tax help please? |
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Yes you can still file.
i hope your spouse realizes that they are charging him intrest. if he owes again this year and files late, he will be automaticaly charged 5% lat filing penalty and ... |
| What should I spend my tax refund on? |
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An RRSP or pay down your mortgage with it.... |
| Simply Accounting Basic 2007 please HELP!!? |
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OK, so milk is zero rated, so you don't charge GST. You tend to get GST refunds every so often, right?
I don't have that program, but the haulage is an expense at $343.90, and th... |
| What is the average amount to claim for tips and gratuities on your income tax? |
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You are supposed to record the correct amount of tips.
... |
| What duties would I pay to bring in a compound bow from the US to Canada? |
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bringing guns, knives, bows etc into Canada is very restricted and very few are allowed in. You should check this site to see what you can import, and how to do it. Taxes and duties are bas... |
| How much is income tax????????? |
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Hi Mike, I can easily answer your question for you.
I am in Ontario, but I don't know what province you are in, so the calculations below are based on a single Ontario resident 18 yea... |
| Is there a form to change your address with cra.gc.ca? |
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Hi Nancy, here is the information from CRA's website below about changing your address:
... |
| I want to know what contracted hours mean. No taxes, no holiday pay. 24 hours for $150.00. Legal in BC? |
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CRA can do a CPP/EI ruling for you, if you are concerned. You can also review their guide on employee vs self-employed, which will give you some guidance. ... |
| Do I need to submit my T2202A with my tax return? |
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Sorry to the previous two answers, they are incorrect. You do not send in the receipts, below are the websites supporting this.
The excerpt below came from the CRA website regarding tuit... |
| When changing a previous years tax return...? |
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Hi dz1gns, when you filed your income tax return for the 2005 taxation year, if you filed your tax return electronically, either netfile, telefile or efile, you would have entered the amount... |
| American Money into Canadian Money? |
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In general, you should have no problem using your US money in Canada. Most stores will take it and exchange it for Canadian money at a fair exchange rate.
If you want it to be easy and q... |
| How do you file your taxes electronically? |
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Hi Arby, if this is the first time you are filing an income tax return, unfortunately, you CANNOT netfile your tax return.
CRA sent out packages back in January 2007 to those who are elig... |
| Are taxes lower for families with children? |
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Hi AK, the answer to your question is NOT cut and dried.
It depends on the NET INCOME of the family.
I am in Ontario, and in case 2, with a child under the age of 18, there is a provin... |
| I just mailed my income tax return with an enclosed signed cheque. however, I forgot to sign the return, will? |
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Hi Kmac, as long as you enclosed all the necessary documents with your 2006 income tax return and more importantly, signed your cheque for the taxes due to CRA everything will be fine.
Tr... |
| T-4 slips in Canada? |
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CRA will have all of them. Call 1-800-959-8281 for assistance.... |
| Canadian now back in Canada owes the IRS $$? |
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They don't have jurisdiction here, so their garnishments would not be valid here. They could seize all of the assets left in the US, and I'm not sure what rules they have regarding ... |
| Can you carry forward your medical expenses for future years? |
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Hi Curious, medical expenses can be declared in any 12 month period ending in 2006, as long as these expenses were not previously claimed in 2005.
AS PER CRA:
You can claim medical exp... |
| Canada Tax? |
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HI JJ...the tax scenario that you have described sure doesn't sound right to me, and I will explain why.
Firstly, if you are self employed, you are EXEMPT from paying EI outright.
... |
| How do I know which tax refund I will get in a lump sum? |
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Hi Jai, let me say this for starters...
No question is ever dumb...
If you don't ask questions, you will never learn, right?
Now, to answer your question.
I am in Ontario, an... |
| Can both spouses claim a child as an equivalent to spouse? |
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Hello,
The short answer is no. In order to claim the eligible dependant amount (which was the equivalent to spouse amount) the following conditions must be met:
* you did not have... |
| What steps do I need to take to become a Canadian citizen? |
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You will need to conact Citizenship and Immigration. They have their own website:
www.cic.gc.ca... |
| If you are asked to -7.00% , (Net Pay), do you have to put it in decimal form? |
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they want the dollar amount so it would be in decimal
example 7% of $200 = .07 * 200 = $14.00... |
| How many years in Canada can I carry over extra RRSP contributions? |
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Hello,
The carryforward period for undeducted contributions is indefinate. HOWEVER, should you over contribute by more then $2,000 the excess will be subject to a penalty of 1% per month ... |
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