Questions tagged [canada-revenue-agency]
The canada-revenue-agency tag has no usage guidance.
100
questions
8
votes
1
answer
3k
views
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 ...
- 740
8
votes
1
answer
418
views
Does Canada respect the tax-free status of National Savings certificates for residents who left the UK?
I know Canada and the UK have a tax treaty that is designed to prevent double-taxation. But I don't know if it extends to honouring the tax-free status of government-issued savings certificates.
...
- 181
7
votes
2
answers
306
views
Are you required to pay the full tax on income if your employer doesn't pay what they claim to?
About 6-7 months ago, a friend of mine got a job with the Canadian Government at an hourly rate. However, due to the Phoenix system debacle, he wasn't being paid for his work.
This problem has ...
- 73
7
votes
1
answer
596
views
Moved to Canada for Grad School, Getting Heavily Taxed in U.S
I'm about to file my U.S. tax return for 2017. In August of 2017, I moved to Canada from the U.S. for graduate school (I am a U.S. citizen). I was on a vacation during April 15th, 2018 and quickly ...
- 171
6
votes
1
answer
99
views
Will CRA suspect, if you never filed and now retroactively files taxes?
Someone in family employed for past 15 years, but his income never outstripped ON's Basic Personal Amount. It's $13,229 in 2020 He just found today if even though he never had paid any tax, filing ...
user40269
5
votes
1
answer
2k
views
How is Canadian capital gains tax calculated when I trade exclusively in USD?
99% of my entire net worth is denominated in USD, and I only trade in USD stocks & bonds.
Does Canadian capital gains tax only trigger when I attempt to convert those gains/losses into CAD? In ...
- 1,570
5
votes
1
answer
49k
views
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
5
votes
2
answers
1k
views
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?...
- 51
5
votes
2
answers
323
views
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-...
- 1,293
4
votes
1
answer
3k
views
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
4
votes
1
answer
1k
views
CRA made a mistake in our favour
This was in a review of a previous tax return. The error is high four figures which translates into a low four figures refund.
Do they keep copies of the documentation?
What are the chances they ...
user20384
4
votes
1
answer
101
views
Employment travel expense tax deduction
I am currently located in Ontario, Canada. I work full time as a security guard and am required to regularly secure a client's building. According to the Canadian Revenue Agency link here, anyone ...
- 171
3
votes
3
answers
7k
views
When filing taxes in Canada, in what cases does box 39 on the T4 get reported as half of box 38?
When filing taxes in Canada, when does box 39 get reported as half of box 38? In my case, I got ESPP amount reported in box 38, with box 39 missing in my T4 altogether. According to my accountant, the ...
- 273
3
votes
2
answers
990
views
How do I contact the IRS about my tax return from a non-US phone number?
I am a Canadian living in the US temporarily. I filed my taxes and got my tax return, but the Canada Revenue Agency (CRA; the Canadian equivalent of the IRS), requires that I get some "proof"...
- 151
3
votes
1
answer
189
views
How are dividends on US stocks treated by the CRA?
As an American living in Canada I have some stocks in a US account and they paid dividends this year. On the 1099DIV there are values for boxes:
1a. Total Ordinary Dividends
1b. Qualified Dividends
...
- 419