All Questions
11
questions
0
votes
1
answer
294
views
Should ex-spouse be paying tax on her portion of my private pension?
My ex wife has been receiving a portion of my private company pension for about 5 years now. I have just realized recently I have been taxed on the full amount of both our monthly pension amounts. ...
0
votes
1
answer
69
views
Can you get a tax advantage for hiring a freelancer?
Can you get a tax advantage for hiring a freelancer without setting up a LLC? The issue is the following. Let's say I crowdfund 100k for a project, I have to declare this amount in my tax earnings, ...
- 211
3
votes
0
answers
88
views
Client is offering to withhold tax from my payment
I recently started working in an arrangement neither me nor the person who hired me has done before. Someone who works as a contractor for a company got a budget to hire me as a (sub)contractor. He ...
2
votes
1
answer
98
views
What is the CRA definition of income? Why not any payment counts as income?
Official acts and guides shed light on what kinds of income there can be and distinguish between taxable and non-taxable income. However, I could not find any definition or even a hint of what is ...
- 121
4
votes
3
answers
2k
views
How is a non-resident Sole Trader in Australia taxed on freelance work?
I am considering doing remote freelance work for an Australian business as a Sole Trader with an Australia Business Number (ABN). I am a non-resident in Australia. My question is: do I pay taxes on ...
1
vote
1
answer
105
views
Income tax what to do
My job is being abolished my total income for this year will be 128,000; 71,000 of that is severance. I am able to defer some money until next year to avoid tax. So I have like 50,000 that I would ...
- 11
1
vote
1
answer
376
views
Can you deduct hobby expenses up to hobby income in Canada?
In the US you're allowed to deduct hobby expenses up to (but not exceeding) income from that hobby as part of your miscellaneous deductions. But I can't find a definitive source on the corresponding ...
- 163
1
vote
1
answer
102
views
Pay off Home Buyers Plan - or not
I am single and retired and owe a balance of $4800 on my HBP with 4 years to go repaying at $1207 per year which I have to declare as income. I live on the Gov. CPP and OAS with supplements and with ...
- 13
3
votes
1
answer
683
views
Foreign national moving from US to Canada, how to file tax return (340 days in US)
I recently started a new job in Canada in mid-December, which means I am only on Canadian payroll for 3 weeks, and for most of the year I was on US payroll with my previous employer. I am a citizen of ...
- 31
8
votes
2
answers
960
views
What is the current US-Canadian agreement on withholding taxes for US Investment income?
Withholding tax credits have changed over the past few years. What is the agreement between Canada and USA related to how much can be claimed and how much must be applied for as a reimbursement?
- 6,230
9
votes
2
answers
398
views
Can I claim lost income if a company I invested in went out of business?
What happens when a company I invested in goes out of business? Is that declared as a personal capital loss? Does it offset capital gains elsewhere, and how do I include it in my tax filing?
cashman