| Canada Taxes |
| Are ICBC settelments taxable? |
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I believe that the ICBC you are referring to in your question pertains to a motor vehicle settlement.
If so, then I have a definite answer for you on this award:
AS PER CRA:
Amounts... |
| What is the tax rate in Canada, mainly ontario area? |
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AS PER CRA:
Federal tax rates for 2007 are:
15.5% on the first $37,178 of taxable income, +
22% on the next $37,179 of taxable income (on the portion of taxable income between $37,178 ... |
| If you clim bankruptcy. will you loose your child tax benefits? |
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No... |
| If I'm a Canadian teaching ESL in China do I have to pay income tax to both governments? |
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What do you mean "if I,m a Canadian"? Are you or aren't you? (Why did the Canadian cross the road? To get to the middle.) Which China? My son worked in Taiwan which, of co... |
| Buying a house in Brazil, loan in Canada... is it possible? |
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You have to check first to make sure that foreignors can actually own property. Some countries prohibit this. In the Philippines, you are not only not allowed to own land, you're not a... |
| Can I file my Income Tax return for this year(2006) later or after april or next yeaR? |
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I believe your question was intended for Canadians, so far, the answers given have no relevance to Canadian Tax Laws.
As Canadians, we are required to pay any taxes owing on our 2006 inco... |
| Is it true baby bonus is going up in canada? |
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Pursuant to the budget on March 19, 2007, there were provisions made for a new child tax credit, the budget details can be found at the CRA website:
... |
| I sold a home on 1/10/2007. Do I have to pay quarterly taxes on the money I recieved , this year? |
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On the death of your final parent, the Capital Gains would have automatically triggered then. At that time, you would hav3e been required to obtain quotes from 3 real estate professionals ... |
| Does a senior citizen have to claim rent as income that he gets from his daughter if less than $150/month? |
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Regardless of age, there are several issues here that need to be reviewed.
The key question is whether or not your uncle is "renting" the space to his daughter at what is consid... |
| Airline gas tax in canada? |
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Is this the one you're asking about?
... |
| RRSP and US residency? |
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Hi, I just read your question, and there are several issues that need to be addressed.
Firstly, if your wife is American, is she eligible to contribute to an RRSP here in Canada.
You, ... |
| Question regarding universal child care benefit? |
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As per CRA:
Line 117 - Universal Child Care Benefit (UCCB)
If you had a spouse or common law partner on December 31, 2006, the one with the lower net income must report the UCCB. Otherwi... |
| At which exchange rate does an American company remit Canadian payroll taxes? (We pay and withhold in $US)? |
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There is an official average exchange rate that is to be used. See the link at the CRA web site below, it will provide you with the average exchange rates going back as far as 1995.
... |
| Tax Question in New brunswick? |
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If you need to know where to send your tax return, here is the address:
Canada Revenue Agency
Tax Centre
PO Box 12072 STN A
St. John's NL A1B 3Z2
This address is for individual... |
| I need tips for year end tax filing? |
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Hello,
You didn't say if you were incorporated or if you are operating as a sole proprietorship.
For bookkeeping software the structure of your business doesn't matter, but it ... |
| Will I owe taxes? |
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You're safe if any of the following are true:
1) Canada has a statute of limitations on back taxes (in the US, the limit is 10 years)
2) If your ex paid the taxes and you just don&... |
| How do I claim my parking expenses on my Income Tax return? The employer did not pay any of them.? |
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As Per CRA:
Parking:
You can deduct parking costs related to earning your employment income as long as you meet ALL of the following conditions:
- You were normally required to work... |
| How to calculate PF(provident Fund)? |
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It is the question already asked, here is the answer.........
If your Gross Salary i.e. 10500/- the following calculate the allowances.
You are calculat the basick 2/3 time i.e. 7000 i... |
| Swapping stock (at a loss) from your cash/margin into your rsp account against cash? |
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No, you cannot claim a capital loss. If on the other hand you made a profit, you would be required to report a capital gain.
Source(s):
... |
| Married to US, filing jointly in US...what to do with T5 interest income??? |
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Thank you Gonzo for providing additional information in your email, which I just read.
I have deleted my previous response, as I just contacted CRA international inquiries at 1-800-267-51... |
| How much do you charge or pay for basic income taxe return in Canada (filled electronicly)? |
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Are you doing the work yourself?
If so, then here are some prices to consider:
1. If you go to Business Depot/Staples, and buy the quick tax program, install it to your computer, get ... |
| On my Canadian Income tax assessment they gave me back my refund, less a $40.70 refund transfer. What's this? |
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As Per CRA:
Line 484 - Refund
If your total payable (line 435) is less than your total credits (line 482), enter the difference on line 484. This amount is your refund. Generally, if the... |
| Does a Canadian citizen working in the US file in Canada? |
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It depends on how many ties he has to Canada. If he has bank accounts or other property here, CRA still may consider him a resident and thus he would need to file. See the link below to he... |
| What is a "non-refundable tax credit" (for a Canadian tax return)? |
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Ok, Ryan, here is a simple explanation:
It is an amount of money predetermined by CRA (Canada Revenue Agency) of what portion of your income will be exempt from taxes.
The "non-re... |
| I know absolutely nothing about Canadian tax returns, where can I go to learn everything about them? |
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I hear what you are saying Ryan, and trust me, there are many people out there who after filing 20 years worth of tax returns, still don't understand taxes.
The best place to learn ab... |
| Canadians when do we get GST cheques? |
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As per CRA's website:
Goods and Services Tax/Harmonized Sales Tax (GST/HST) credit
The GST/HST credit is a tax-free quarterly payment that helps individuals and families with low a... |
| Minor wondering about taxes in Toronto...? |
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Hi Minor, I can help you out on this.
OK, so you are not 18 years old yet, and you are working, let's say 50 hours per week at $10.00 per hour.
Here is what you should get on your ... |
| Can I file single on my taxes? |
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As per CRA's website:
Marital status
In the Information about you area, check the box that applied to your marital status on December 31, 2006. Check "Married" if you had a... |
| What year did the retail provincial sales tax begin? |
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Hi there, did a google search for you...came up with this website:
... |
| How do I get old T4's? |
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Hi again, Boo, good question.
How far back do you want the information?
If you contact CRA general enquiries at 1-800-959-8281, they can get you the information immediately for the cur... |
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