All Questions
Tagged with canada income-tax
216
questions
3
votes
2
answers
409
views
How is the Home Renovation Tax Credit (HRTC) supposed to be claimed? How does the credit work?
We built a new deck this year and we're expecting to take advantage of the Home Renovation Tax Credit (HRTC). How is it supposed to be claimed? How does the credit work? Would it be claimed on the ...
- 31.7k
6
votes
1
answer
972
views
Are insurance payouts taxable in Canada?
This is in reference to this question about life insurance but can apply to other insurance payouts. This would definitely affect how much to plan for.
- 6,230
5
votes
1
answer
1k
views
How long do I have to make an adjustment to my income tax filing?
For instance, if one were to find receipts between 2-3 years old, are they still useable? Is there a fee for a re-assessment?
- 8,683
4
votes
2
answers
636
views
Is it financially-beneficial (tax-wise) for couples to be married, or to remain common-law, in Canada?
Which is more beneficial to your bottom-line (disregarding the cost associated with actually getting married, and assuming no children are involved).
- 8,683
4
votes
2
answers
1k
views
If I buy a property in an underage dependent's name am I exempt from capital gains (losses) on my income tax?
If I purchase a property in an underage dependent's name (son or daughter), and then sell it before they reach the age of majority, do I need to claim the capital gains (losses) on income tax if I ...
- 6,230
9
votes
6
answers
4k
views
If I have no exemptions or deductions, just a simple paycheck, do I HAVE to file taxes?
My company holds back tax from each of my pay checks. I have no other sources of income. I don't expect I owe anything more on my pay. Do I really need to file an income tax return? I live in ...
anonymous