| Canada Taxes |
| Living in Ont, Canada, Can a mother on disability benefits also get child tax credit, 2 cheques ? |
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Hi Fonzee, I am not sure what type of disability payments you are currently receiving, but one really has nothing to do with the other, since the payments are issued from different governmen... |
| Do other countries use ACB to calculate capital gains? |
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"ACB" can mean "adjusted cost base" or "average cost base".
I looked it up at www.iasb.org and couldn't find either one, nor could I find "ACB"... |
| Canadian paycheck!!? |
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You were taxed at the rate of 11.7%... |
| Why do retired people over 65 in Canada have to pay unemployment insurance? |
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Hello, I can easily answer this question for you.
The key word is Employer...your mother is still an employee, regardless of her age, she continues to receive money from an income source ... |
| CRA Tax Question - Not enough to pay my income tax? |
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There isn't a "deferral" per se; you'd just be in arrears with CRA. Make sure you file regardless of how much you can pay, since then you'll avoid late filing penalties... |
| Can you deduct roof repair on a house for income tax (canada)? |
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mom is wrong... |
| Have a job and am self employed. How do I file my taxes? Do I need to file two separate returns? |
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Hello,
As a self employed proprietor your business income / losses are claimed on your T1 Personal Income Tax Return, along with your employment earnings.
For your business complete fo... |
| Deducting tax later year? |
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Hi SJDC83, I am not sure what expense receipts you are referring to, but I can offer you some advice regarding charitable donations.
AS PER CRA:
Line 349 - Donations and gifts
If you ... |
| My former paid my 2006 commissions in 2007. Is there any way to report this in 2006? |
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Hi Overseas, I have read your question very carefully and can offer you some advice on this matter.
You have both salary and commissions, so I assume that in 2006 you received just a T4 s... |
| T4 - What is it? |
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It's the much anticipated next installment of the Terminator movies, coming after T3, or 'Terminator 3: Rise of the Machines'... |
| What'll happen if I don't submit 2006 Tax Report in Canada, for personal income? |
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OK, if CRA feels, based on past or present information that they have about you, that you owe, or may owe, for the 2006 year, then they can demand that you file the return. If you do not f... |
| Ouestion about Taxes and Unemplyment? (Canada)? |
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Hi beautiful, the answer to you question is definitely YES.
AS PER CRA:
Although you may be entitled to a refund for 2006, we may keep some or all of it to:
- apply against any amou... |
| Tax income canada? |
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Hi Milk, I can't tell you how much of a refund you are entitled to, but I can give you the calculations based on having made $15,000.00 in 2006.
If you are single, with no dependents,... |
| How can I calculate an ACB taking into account Return of capital for an income trust? |
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Found this website, maybe it can help you.
Source(s):
... |
| HM Revenue and Customs? |
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I would call CRA & ask them. 800-959-8281. The line is pretty busy right now, so keep trying!... |
| Capital Gains Canada - Personal Property Turned Rental? |
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This where you should have started when you changed it from personal use to rental use.
... |
| How can you get back the tax taken off a gaming win in Nevada if you are from Canada ? |
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Hi booble, I found 3 websites that deal with recovery of taxes withheld on casino winnings in Nevada
... |
| Tuition paid in 2 provinces - question for Canadian income tax? |
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Add them together and fill out the Ontario form. It's your province of residence that matters, not where you went to school temporarily. If you province of residence on December 31st w... |
| Need advice as paid caregiver, self employed? |
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You complete the Medical Expenses (Line 330 I believe). As a non-refundable tax credit, its more advantageous for the lower income spouse to claim. As for eligible expenses, they include h... |
| Can I claim driver education payment for income tax purpose? |
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No... you can only claim education expenses from a qualifiying educational instititution, usually colleges and universities. Driver's ed school do not fall under this umbrella.... |
| I have no t4's and have not filled for the last 4 years, can I pay someone do all of this for me? |
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Hi Whit, I can certainly help you on this.
And, you don't need an accountant.
You need to call CRA's general inquiries at 1-800-959-8281, and once you identify yourself to them... |
| In Canada... deductions for a home daycare? |
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Hello,
The $6 dollars a day is a little misleading. You can't just claim $6 a day unsupported by any receipts. However, in practice most daycare in the home providers don't sepera... |
| In Canada, can you get a tax refund higher than what you paid in? |
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Hi Confused, great question, and the answer is definitely YES.
If your income was below $8,839.00 federally and below $8,377.00 provincially (in Ontario) in 2006, any taxes you paid throu... |
| How many Canadians earn more than CAD 100,000? |
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Statistics Canada is the place to get this sort of information; it is not a tax question.
... |
| I am a retired Canadian living in another country. Why do I have to pay a "non-resident surcharge"- a tax? |
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Residents of Canada Pay a Provincial or a Territorial Tax as well as the Federal Tax. This surcharge is instead of that tax.
As my source, I have included a link to the General Income Tax... |
| Does parent claim cost of transit pass for 15 year old child and student? |
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Hi Doug, you claim the transit pass for your 15 year old son, since he is your dependent.
AS PER CRA:
Line 364 - Public transit passes amount
For transit after June 30, 2006, you c... |
| Wills taxes [canada]? |
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It sounds like you are the beneficiary of an estate. Since you seem to be figuring this out on your own, I'll go out on a limb and say you are also the executor, or the person died inte... |
| Canadian Capital gains question? |
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Part 1:
Yes, you can use it to offset capital gains earned in 2006. Not a problem. Use Line 253
Part 2:
Yes you can. You do not use a the T1 General to carry-back losses. You n... |
| Converting a primary residence to rental In Canada -capital gains calculation? |
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I have read your very interesting question, and can offer you some advice on this matter.
Firstly, I live in a property that is partly rental, and partly occupied by the homeowner.
Gen... |
| What are my options......? |
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Sorry, but the interest on your line of credit CANNOT be claimed on line 319 of the 2006 income tax return.
AS PER CRA:
Line 319 - Interest paid on your student loans
You may be eligi... |
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