| Canada Taxes |
| Can registering a business save you on taxes? |
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Hello,
If I understand you correctly you are asking if you can register a business, then claim expenses as business expenses without there truly being business activity. As in, call it a ... |
| Canadian RN working in US. When claiming US income on Cnd. taxes, how do I reduce tax on US income? |
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You will receive Foreign tax credits for tax you have paid in US.
You have information available on this site.
... |
| Health Care in Canada...? |
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It depends in what part of Canada you are in.
I am in Ontario, and many medical expenses are covered under our provincial OHIP plan (which stands for Ontario Health Insurance Plan).
Op... |
| Canadian Paycheck? |
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Hi, Help, I can easily answer your payroll question for you, as I also live in Ontario.
Assuming that you have no other earnings to be taxed within that weekly pay period, here is what yo... |
| Will the government of Canada ever implement income splitting for parents of young children who...? |
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There is no word that they are planning on doing this. I'd suggest you contact your MP; such changes can only be introduced through Parliament.... |
| Income tax calculate? |
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Mr. Kumar, you want Income tax calculations as per India or Canada. Your question is appearing as Indian Question under Business & Finance > Taxes > Canada category.... |
| Are physical copies of sales invoices required for CRA purposes? |
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Hi Joe,
The short answer is yes. Physical copies must be maintained for 6 years from the end of the latest year to which they relate.
There are rules surrounding electronic record kee... |
| I have shares on my statement that shows FMV is zero. I still hold the shares. How do I claim the loss? |
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Hi Piglett, I reread your question to make sure I was clear on what you are asking.
You made some investments in the stock market, and so far, you have a fair market value of zero accordi... |
| Do I need to report my canadian T4 income on 1040? |
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If you are a Canadian resident, then you need to file a tax return with CRA by April 30, 2007 and report this income as well as ALL WORDLY INCOME on your 2006 T1 General Tax Return.
You m... |
| Canadian living in the Uk wondering about paying taxes back in Canada.? |
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I have answered this question for others here earlier, and there is no cut and dried response.
You are a Canadian living in the UK presently, but the key issue here is have you severed yo... |
| When do u get you refund money back form a 1040x form? |
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Click on the link below to check the status of your refund.
Source(s):
... |
| Question for Candians who do their taxes E-file...? |
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Hi Lisa, as a tax consultant for the past 27 years, as well as a former CRA employee (on contract), I speak to CRA nearly everyday during tax season on behalf of my clients.
CRA informed ... |
| I live in Canada. My mother passed away on Oct. 30,2006. Tax question.? Help? |
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I'm so sorry that your mother died this past year. That is truly sad that you sister has been so shady in her dealings with the estate as well. I certainly would not trust what she is sa... |
| I was told I won a lottery there and am trying to claim it how do I do this? |
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It is a scam I got four in one week and they are not true .check out
www.snopes.com if you think it is fake or even if you think it to go to be true check it out just type in headline of le... |
| How do I file zero income tax forms in Canada? |
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Hi yellowrosegal, I have a very easy solution for you on this, with options too.
If you know how to do your own tax returns by hand, then you can simply download the forms from CRA's ... |
| Tax question! im married and live in quebec canada.? |
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From a federal perspective (Quebec may have different provincial income tax rules than Ontario), I'm assuming that you are not talking about actually claiming the children as dependants,... |
| When completing taxes, do you put "0" for income if you have student loans, or do you put them down as income? |
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As many of the other answers indicated the amount you receive for student loans is not income. You should still file your taxes since you will have Tuition and that is a tax credit that will... |
| How do i file for 2005 and 2006 taxes at the same time? |
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Hello, Burns_mcgee, you can file your 2005 income tax return at this point, but it would have to be paperfiled, since it is well past the deadline for netfile/telefile eligibility.
If thi... |
| Amended T4 and Income Tax Return? |
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You just use the amended T4 because the prior T4 was changed and included in the new T4 so don't use the old one.
Source(s):
Me
I prossess T4... |
| What tax form do i need to claim my mortgage interest as deduction? |
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If you are an employee, you can't. Americans can do that, I believe, and the government talked about it at one point when they were trying to get elected, but it has not happened.
I... |
| Moving to Canada but still continue to be employed in SG will I be taxed in both countries? |
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The answer to your question depends on a number of factors that you have not included so it is advisable to contact the Canada Revenue Agency , International Tax Office (call collect 1-6... |
| Tax benifit or value question from quebec canada? |
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$3000.00 for the 2 kids.... |
| Ontario Tax question! Line 235 Social Benefits repayment? |
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Hi Jawbreaker, here is how it works:
AS PER CRA:
Line 235 - Social Benefits repayment
If you reported income amounts on lines 113, 119, or 146, you may have to repay part of those amo... |
| How do I report a partnership loss that I don't need to use? |
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Yes, it can be very frustrating at times, especially if this is the first time you have ever filed out a T2124 Statement of Business Activities form.
I just emailed you, kolzangi, hoping ... |
| Where to find free software to do my taxes in canada thats accepted by the governments standards? thanks!? |
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Hi, healinghealer, I am not aware of any "free" software, but it depends what your filing requirements are.
If you are eligible to netfile your tax return, there are a number of... |
| Forgot to report property tax for my house for 3 years? |
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Hi Jim, I am in Ontario, too, and am very familiar with rent/property tax claims.
From the nature of your question it seems that you are renting an apartment in Toronto, and that you have... |
| What is the CCA and net fixed assets for 2004 if...? |
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Ok let me see if I get it right
net fixed assets for 2004 is
(2170,000 - 450,000) + 725,000
depreciation for 2004 is
((2170,000 - 450,000)X30% ) + (725,000X30%)
I think that's... |
| Do you have to pay income tax in Canada if you are moving from Canada to the Cayman Islands?? |
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It is not based on citizenship, but tax residency staus. If you leave Canada, you pay taxes to the point of exit, and will have to show a deemed disposition of your assets on your final ret... |
| My taxes this year, I have to pay in much more then expected, how do I go about paying by installments?? |
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Hi again Jesse, I have yahoo email enabled here, so please email me the details of what you need, and I will respond via email with you.
And, please disregard the other response posted he... |
| 2006 Ontartio Tax return Line 235 EI Repayment? |
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Hi again Jawbreaker, let me set the record straight here...you are NOT a dope, the slip is confusing to you, and it is really very simple.
This is what you do on your 2006 Income Tax Retu... |
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