All Questions
47
questions
1
vote
0
answers
38
views
How to calculate total profit when doing assignment sale in ontario?
I am learning about assignment sales, and I wanted to fully work out what are all the calculations and fees/taxes when calculating the final net profit I would keep if I do an assignment sale, and was ...
- 123
4
votes
1
answer
443
views
Capital gains when selling my boat and HST in Ontario Canada
Someone gifted me a boat and provided me with the original receipt that shows what they paid for it. I can see they paid $47000 + HST (=$53110).
If I sold the boat to a friend for $50000, do I need ...
- 839
1
vote
0
answers
75
views
Ontario, Canada rules for tax rates for services
In Canada, various provincial and federal taxes are applied to goods and services. In the event that a tax rate changes, there can often be confusion as to which tax rate to use for services rendered. ...
user20384
2
votes
1
answer
94
views
Can I still charge and keep money from my small business, listed under HST?
This question relates to the province of Ontario in Canada.
As a small business owner, there is an exemption where you are not required to charge HST on goods and services if you make under thirty ...
- 129
1
vote
0
answers
194
views
Do I have to file two tax returns if I am employed and self-employed?
I am employed full-time by an employer that does tax deductions but I also work freelance on the side which I do have a business number for and collect HST.
I know I have to fill out the HST forms (...
- 183
0
votes
1
answer
116
views
How do I claim HST compensation on my personal Ontario income taxes?
I have a couple thousand dollars of HST compensation to declare on my Ontario Income Tax for a sole proprietor business, but I am not sure specifically how to declare the amount on my taxes as income ...
1
vote
1
answer
136
views
Is there any way to split income between the partnering corporations, legitimately, so the HST charged matches what is charged to the customer?
I have an unusual case I was hoping someone could shed some light on.
I have an Ontario based Corporation which sells a piece of software and some computer based services. The buyers are from various ...
- 131
2
votes
2
answers
70k
views
What income bracket(s) are eligible for the GST/HST credit in Ontario?
As per the information on CRA website, the eligibility for GST/HST credit is met if any one of the below are true:
You are 19 years of age or older before the month in which we make a quarterly ...
- 16k
3
votes
0
answers
2k
views
HST for a new home in Ontario, a first time home buyer
I am planning to buy a new home for 830,000, what is the HST calculation? Can HST be paid together with the mortgage? Thanks.
- 31
0
votes
1
answer
3k
views
Ontario new home/condo HST rebate: What is the price without HST if the price is $400,000 including HST?
What is the actual purchase price of a new condo without HST, if price is $400,000 including HST? The condo is in Mississauga, Ontario and the buyer is not a first time home buyer.
- 1
2
votes
0
answers
1k
views
HST rebate when buying a vacant piece of land / lot and building one's own new home on it?
I am looking at buying a vacant piece of land from a developer and building a house on it.
I realize I must pay HST on the purchase of the land.
If I act as the contractor/builder of my new home, ...
- 21
4
votes
1
answer
247
views
Ontario HST Rebate: What was the mailing date of the June, 2011 HST rebate cheque?
What was the date that the June, 2011 HST rebate cheques were mailed?
I have my bank statement that covers up to June 17th and the HST cheque was not deposited by that time.
- 41
1
vote
1
answer
308
views
Ontario HST Rebate: Filed taxes, but haven't received HST payment for December 2010?
I have still not received my HST refund payment for December 2010. When can I expect to receive my refund? I filed my taxes and have just paid my balance of taxes owing, but still have not received ...
- 11
3
votes
2
answers
209
views
Ontario HST rebate: I am now 18. Do I get the last rebate cheque?
I turned 18 in September 2010. I filed my income tax for 2010. Will I receive an HST rebate cheque for June 2011? How much could I expect?
- 31
3
votes
1
answer
162
views
Ontario HST rebate: Would my child's dependent status change when he/she turns 18?
My daughter turned 18 in January 2011. She is still in school and still living at home. I am a single parent. Is she considered a dependent for the family rebate or would we each be classified for the ...
- 31