| Canada Taxes |
| Duties charge in canada for importing.? |
call customs canada get the no by calling your fed govt at 1800 O Canada and canada post. tariffs from the us will be quite high on some goods. unless it is a medical thing not in canada. also see ... |
| If you won a lottery draw, would they take the taxes out before they send you the money or have you pay them? |
Neither. In Canada, lottery winnings are not taxed. You do, however, have to pay income tax on any money earned from your winnings, such as investment income or bank account interest, etc. ... |
| What is the duty fee on goods sent from USA to Canada? |
high. my son visiting us in cnd did that. cost us an arm and a leg. he got most of back when he went back to the usa. unless the company can certify that the entire things was made in the usa you l... |
| Do you pay taxes on money you inherit in Ontario Canada? And how much would the taxes be on 55,000? |
You do not pay taxes on money you inherit in Canada.
You do not report in tax return. ... |
| Can the Canadian Government legally seize your RRSPs for unpaid student loans? |
not immediately. don't ignore them though because they could find all the money you have. if you were given a deadline to respond, do so before that day come just to let them know you are not ... |
| When does tax season start in manitoba? |
who knows ... |
| Is there any benifits / financial supprot from Canada gov for kids? |
Sure is. From a tax perspective you get numerous deductions for dependants under the age of 18. Also medical expense deductions (if applicable). The CRA website has it layed out pretty nicely, o... |
| I am thinking about living in Spain for a year. Should I withdraw my living expenses from my RRSP? |
One thing that you may not have considered is that when you withdraw funds from your RRSP, you have permamently lost the contribution limit associated with those contributions. Considering that yo... |
| Explain - RR SP meltdown in Ontario/Canada? |
Leverage can be beneficial when Investment return is guaranteed over above interest rate. Also, capital investment should be guaranteed. This mean low risk less reward.
Yes, you could claim the ... |
| Does anyone know which form I need to fill out to give to my payroll dept so they take less tax off my checks. |
You are right. You should have the payroll dept deduct enough to avoid a penalty for underpayment. There is no point in lending your money to the government for free.
Ask them for a W4 form. You... |
| What do u think canadian dollar rate will decrease ? |
Yes, I do think it will go down. So make good use of your $$ before it gets back to normal.
Well, I personally think it's good time for US and Canada to merge US and Canadian dollar to for... |
| Income Tax Deductions New Brunswick? |
hi! check the taxtips.ca ,you will find a lot of information,. ... |
| I wantknow my future? |
You will die - someday. ... |
| Can sales tax in Michigan be rebated to a Canadian? |
I seriously doubt it. Exemption cards are only given under a federal law to diplomatic personnel. And on top of the 6% tax and any importation duties imposed on the purchase, you are required under... |
| Can anybody tell me how can make tax deductible investment and where? |
I'd say the only fully tax deductible investment would be an RRSP, but then you pay tax on the money you withdraw.
You can certainly borrow to invest, and depending on the type of investing... |
| How do you claim your deductable interest paid on the Mortgage? |
Since you asked this question in Canada I assume that you live in Canada. Unlike in the United States, Canadian tax laws do not permit the deduction of mortgage interest on a principal residence. ... |
| What items can i claim on my income tax when im self-employed? |
There are numerous expenses you may be eligible to claim. The main key is the expense is incurred to earn income.
... |
| Need information about obtaining GST number? |
See below link for Canada Revenue Agency's GST page, as well as the application form. ... |
| I havent filed my taxes since i've turned 18 and now im 19? |
You will need your T4 and any other slips (T5, T4E, etc) if you are not self-employed.
If you are self employed, you'll need bank records and receipts for all expenses (at least to show yo... |
| How Much is $42 000 Take Home? |
Remember we have a progressive tax system, so you can't just use the highest marginal rate to come up with your actual taxes unless you are talking about a single payment.
You'll hav... |
| What is tax rate on lottery winnings? |
Like....a FREAKIN lot.
it probably is determined by how much you win and/or won.
if you did win i think i should get half just for answering this question. ... |
| What formula can I use to add taxes? gst 6% and pst 8%. I don't want to do $20 + 6%. I think it's 20x1.06=. |
Yes price x (1+tax rate) = total price to be paid ... |
| Hedging, tax implication, income tax act, canada? |
If you make an investment, you will make either a capital gain, or capital loss.
For any individuall investment There is "Cost of Acquisition," Subtracted from "Proceeds of dispos... |
| If I purchased something from the US and then I return it, how do I get a refund of duties and taxes? |
you left too much out on how did you receive the item. anyhow, go to canadian post. go to search, it give information on that. just keep all receipts and refund info. ... |
| Canadian buying motorcycle parts in USA-sales tax? |
In NY, no everyone has to pay their sales tax. You're better off trying it out in a store then ordering from the internet. ... |
| Stock market gains, taxes, and unemployed? |
There isn't a magic formula. Have a look at IT-479R "Transactions in Securities".
Excerpts from Byrd and Chen's Canadian Tax Principles 2007-2008:
General guidelines:
... |
| RRSP while in school? |
You're correct. An RRSP only reduces the amount of tax you have to pay. What it actually does is reduce your taxable income by the amount that you put into the RRSP. So, if you don't have... |
| My salary is 42K yearly and i am eligible to work overtime too. overtime rate is 31.3 $/ hr.? |
I'm not going to do the math for you but for the first $60K you make the govt takes 33%, everything you make over $60K is taxed at 50% so if you make $70K you will be taxed 33% on the first $6... |
| What is the highest income I can earn and still be elligible for a GST rebate in Ontario? |
If you are single, your income cannot exceed $38,176
in order to remain eligible for the GST credit.
If you aren't single, the cut-off are as follows:
single parent with one child
$42... |
| Revenue Canada Question? |
As capital losses are carried forward indefinitely, you can certainly use the loss to reduce/eliminate the gain. ... |
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