| Canada Taxes |
| I am an employee in Canada, how much can i claim on line 363 Canada employment amount? |
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You claim the lesser of $250 or the income you reported on lines 101 and 104.
Source(s):
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| ACB of spin off company's shares received? |
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Altria has info posted on their web site as to how to do the ACB calculation.
Source(s):
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| Is it illegal in canada in ontario to have a split income???? |
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Shawn, I am not exactly sure of the nature of your question about split income, but if you are asking about the legality of being both an employee and self-employed within the same taxation ... |
| Do I have to pay tax when I buy from the usa and ship to canada? |
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You will need to pay taxes on any items you import into Canada, provided they are taxable items (if you'd pay tax on it if you bought it at a store here, you'll pay tax on the value... |
| How do I report dividends paid on short sales for taxes in Canada? Can you point me to a relevant CRA pub-n? |
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Hello,
First a question. On the bottom left of your T5013 it should have T5013(X). What's in the bracket, 04 or 06?
That being said, you should enter the boxes as they appear on th... |
| Tax return Due date extended? |
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No, the due date is still April 30th. The problems were resolved within two weeks, and they were way back in March.
... |
| Is it illegal in Ontario, Canada to have a split income? |
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Hello,
Illegal? No. Open to reassessment by CRA? Yes.
You say that they "legally own a company", so I'm going to assume that you are talking about a corporation in which ... |
| Revenue canada tax help? |
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Hello,
Services provided to a non-resident are generally Zero Rated. This means that you do not charge the client GST but you are still able to claim the Input Tax Credits on qualifying e... |
| What percentage of tax has to be paid for SURVIVOR benefits? |
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Hi tiff, there is no flat tax on the survivor benefits per se; the amount of tax payable to CRA is determined by your total income from all sources in 2006.
Strictly from a tax standpoin... |
| O.M.G., W.T. F. ???!!! I was on E.I. last year and the government wants me to pay them a tax remittance.? |
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The tax withheld when you are on EI is often not enough, especially if you had other income.
Medical expenses are subject to limitations. Read the explanation provided to you, and if yo... |
| How much my pay check going to be? |
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Hi Jessica, thanks for the information about what province you are in, that definitely makes a difference (I am in Ontario).
Based on 39 hours per week @ $12.00/hour, you will earn $468.0... |
| For tax experts: "Foreign income tax paid" in "Other deductions"? |
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Hi SC,
Foreign non business tax paid are to be claimed either as a foreign tax credit or as an "Other Deduction" via section 20(12) of the income tax act. Techincally to determi... |
| Claiming donations in later years? |
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HI SC, you are exactly correct about the donations; you carry them forward simply by omitting them and using them in a later year.
AS PER CRA:
Completing your Schedule 9
You will on... |
| If my pay check is 480 a week whats the most they can take out for taxes? |
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Assuming that you are single, in the province of Ontario, and 18 years of age or older, the maximum tax is $63.35 (federal and provincial)
Here is what your paycheque will look like:
P... |
| I owe $30,000 to the CRA for CPP/HST, what can they do to me? |
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They can seize any assets you have here (property, bank accounts, pensions, etc.), and if you ever return to Canada you'll be expected to pay the $30k plus interested accrued.
I'm... |
| If the Native Indian does not pay taxes why on earth do they think they can run Canada,as they do??? Tax them? |
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Because they are impending the international law.... |
| CANADIANS ONLY!!! I am an artist; I normally charge GST on top of my fees. Do I charge non-Canadians GST? |
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Hi Rocket,
I need some clarification on some points before this can be answered properly.
You say that you are getting work from other countries. Is this work coming from individual co... |
| What are all those forms they make you sign at H&R Block when you file your taxes? |
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Hey A.G.
The forms that you sign likely consist of the following:
T183 - Information Return for Electronic Filing of an Individuals Income Tax and Benefit Return
T1013 - Authorizing... |
| How much is $52,750 in canadian dollars to united states dollars? |
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46,938.96 USD
Source(s):
... |
| Child tax benefit and taxes reassestment Need Help? |
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Hello, I carefully read your question, and I have some advice for your friend.
Firstly, anytime that there is a change of marital status, it is the taxpayer's responsibility to notify... |
| I am curious about line 319 of the of the canadian tax return.? |
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Hi Neil, I am not exactly sure what you mean by a student line of credit, but if it was not acquired through one of the 3 sources below, it cannot be deducted.
AS PER CRA:
If you recei... |
| If a Canadian is unemployed for a year, does he/she still have to fill out income tax forms? |
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Hi Mike, I am in Canada, Ontario to be exact, and as a tax consultant for the past 27 years, and a former CRA employee (on contract), I can give you some very good reasons for filing your 20... |
| 1Explain how a change in personal tax rate on interest income would affect the value of a levered corporation. |
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I'm not totally clear as to what you are asking, but I will try to answer as best I can.
A corporation is a legal entity and not beholden to a person. It has an identity, can be taxed... |
| Canada Revenue Agency - Garnishment as a Deduction? |
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Hi Wondering, generally speaking, there are many reasons that your salary could be garnisheed. For example, you could owe CRA monies from prior years, unpaid child support, student loans, E... |
| Is a bank bonus to open account considered income? |
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I'm not sure about in Canada, but I got some sort of $30 bonus when I opened a checking account and when it came time to do my taxes the following year it was on my 1099 and I had to cla... |
| How to report foreign investment in Canada? |
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The income is taxable in Canada. You will have to convert the amounts to Canadian dollars (the official exchange rates to use are available from the CRA web site) and report it on line 121 ... |
| Voluntary disclosure? |
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Hello,
The below link will take you to information on the voluntary disclosures program.
Essentially she should write a letter to CRA detailing the disclosure that she's making and... |
| How to establish a NPO that is tax deductiable? |
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Hi perl, I just did some research on your question, and here is what I have found:
AS PER CRA:
Summary Policy
Date
September 3, 2003
Reference Number
CSP - N03
Key Words
Non-... |
| Canadian tax issues? |
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I'd suggest contacting the International Tax Services Office. There are special rules regarding non-residents and taxes, and they'll likely ask you some questions regarding your ties... |
| Do you still have to pay H&R Block for doing your taxes if you get a refund cheque from them? |
|
A.G.
If you get the "cash back" option then they are required to charge you a percentage of your refund. This is set out by the Tax Rebate Discounting Act. The amount charged is... |
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