Questions tagged [canada]
For questions that relate to the financial laws, practices, and products of Canada.
1,499
questions
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3
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Can I charge interest on money that I have lent out, even though I am not a financial institution?
On the news a couple of years ago, in BC, they said that if you are NOT an financial institution, it was illegal to charge interest on any money that you have lent out. Now I live in Alberta. And ...
Angela Stark
4
votes
2
answers
4k
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Canada Universal Child Care Benefit (UCCB): $100/month per child under age 6 from the government. Is it true?
Somebody told me that if I have a child under age 6, then I'm entitled to get a $100/month
benefit from the Canadian government. Is that true? How do I apply for it?
- 31.7k
4
votes
1
answer
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Does being involved in the management of a corporation make me ineligible for a workshare program?
If my employer offers a workshare program during this recession and I own a small side business (even if it makes little or no income), am I ineligible for the workshare program?
bobby
3
votes
1
answer
2k
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Is it possible to lease a car in Canada as a non-resident?
I'm a non resident of Canada, living in Vancouver, BC, Canada - what are the rules, regs and issues in leasing a car - is it even possible?
- 31
8
votes
1
answer
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If you run a sole proprietorship, how do you declare the income of the business on your taxes?
Let's say I have a small sole proprietorship with only a bit of income and expenses. I can do up a balance sheet and an income statement at year end. Is that all I need to submit with my taxes, and ...
- 3,768
7
votes
3
answers
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When does Ontario's HST come into effect?
When does the HST become effective? Will all businesses start charging HST right away, and will it replace the 5% GST with a straight 13% tax for all services?
- 1,410
9
votes
6
answers
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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
11
votes
2
answers
929
views
TFSA vs. RRSP... Best retirement approach
What's the best retirement strategy? Assuming I have $1000 and room in both my TFSA and RRSP contribution, where should the $1000 go?
- 429
8
votes
3
answers
376
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Which account should I put my money to get the most tax benefit?
I have $5,000 that I would like to put in to an investment account. To get the maximum tax benefit, should I put it in my RRSP, my child's RESP, or my TFSA account? I have enough room in each of these,...
- 1,145
8
votes
2
answers
960
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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
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votes
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398
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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
13
votes
5
answers
10k
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I'm currently unemployed and have been offered a contract position. Do I need to incorporate myself? How do I do it?
I'm sure there are tax implications, and other things to consider. I don't know where to start.
- 8,683
8
votes
1
answer
2k
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What are the best options for an RESP for my 2 year old kid?
Just starting to look into RESPs for my kid. There are RESP funds, or I could just throw money in a GIC... wondering where else I should look... and what I can do.
- 496
11
votes
3
answers
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What kind of investments should I have in my RRSP?
I plan to retire in 15-20 years... what kind of investments should I consider holding in my RRSP? I don't like very risky investments, but I also don't want to be too conservative.
- 1,145