Questions tagged [canada-revenue-agency]
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Usage of non refundable tax credits
I have spent 5 years in Canada. The first four were as an international student whereby even though I did not have any significant or no income, I filed my taxes so that I could accumulate non-...
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Do I pay tax if I convert INR to CAD to use in Canada
If as a Canadian resident, I hold an NRE account with an Indian bank and i transfer money earned in CAD to this account. The I earn interest in rupees and want to transfer back to CAD.
The interest is ...
- 16k
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Canada - tax for non-resident from sources outside Canada
I'm not a Canadian citizen or resident. If I have a bank account in Canada, which I use to receive payments for a software product/service from people outside Canada, am I eligible to pay Canadian tax?...
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Does one need to pay income tax on pension income in Canada?
When a person starts getting a pension from an employer or from the government after retirement, is he supposed to pay income tax on that pension? Will he pay tax at his marginal tax rate? I would be ...
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How is the Canada Employment Amount tax credit calculated?
To calculate the Canada Employment Amount as a non refundable tax credit, this link explains:
Canada employment amount is a non-refundable credit for work-related
expenses, such as home ...
- 16k
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Do I need to file taxes jointly with my girlfriend if we live together?
Before I met my girlfriend, I lived in a condo. Now I rented it out and I live with her and pay her rent. Now we are not legally married or signed common law agreement or anything like that, but I ...
- 16k
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What corporation tax am I required to pay as an independent contractor?
Refer to this link at Canada Revenue Agency.
I am unsure that for an Ontario resident who opens up a corporation, what corporation tax would I pay? Let's say I charge 60$/hr + 13% HST to my client. ...
- 16k
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Does the Canada Revenue Agency (CRA) tax other income at the marginal tax rate?
I am employed full time as a software developer. If I wish to earn money on the side doing Wordpress websites through Odesk, Elance, etc., I will report that to the CRA under other income. Is this ...
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Do employer RRSP contributions show up as income on my T4?
When I get my T4, I see a certain amount quoted as my income. My employer gives me matching RRSP, which means if I put 1000 dollars, my employer puts in 500 dollars and then buys me the company stock ...
- 16k
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How do I tell the Canada Revenue Agency that they're sending someone else's documents to my address?
A business acquaintance used my address for mail correspondence, with my permission. Actually, he even didn't stay in my place and I don't have any of his personal belongings here. Later, I asked him ...
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