Questions tagged [quebec]
Quebec is a province in east-central Canada. It is the only Canadian province that has a predominantly French speaking population and French as the sole official language at the provincial level.
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Capital gains taxes on share of inherited property?
I along with my cousins just sold some real property located in in Quebec that was inherited from our grandfather to our parents, and then to us. I received a 1/8 share of the proceeds which amounts ...
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In Quebec, what kind of financial assistance might be available to an unemployed single mother with kids?
My husband will be separating from me in a couple of months. I am unemployed and have two kids both under the age of 6. Is there a single mother's compensation? Especially in my situation where I am ...
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When is it necessary to apply taxes for web freelancing services in Quebec, Canada?
When is it necessary to apply taxes for web freelancing services in Quebec, Canada?
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Is DIY car repair work deductible in any way when self-employed?
I am self-employed and I am proficient at repairing vehicles. I use my vehicle exclusively for work: my customers ask me to drive to one of their customer's location and I provide a service on site. I ...
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Ontario HST rebate: I live in Quebec. Are the rebate cheques for Ontario residents only?
HST cheques are for Ontario residents only? Thought it was Canada. I live in Quebec. So we don't receive a cheque? But will have to pay the HST on all items purchased?
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How do I properly lend personal money to my own company in Quebec?
I want to finance my company with my personal money (to buy some stuff).
What is the best way to do that in an accounting point of view?
3
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When I stop driving for 2 years, should I put myself as a secondary on my mom's car to keep premiums low?
I live in Montreal, QC, Canada and I have little use for my car. I'd like to save money by getting rid of it and the expensive insurance.
I've heard gaps in insurance history will lead to higher ...
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When to apply for RRQ (Régie des rentes du Québec) benefits: earlier, age 65, or later?
My 60 yr old spouse just retired on RREGOP. Should she wait until she's 65 to take RRQ (Régie des rentes du Québec), or even 70, or should she take it now, early, at 60?
I am semi retired myself. I ...
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Are employer contributions to RRSP part of one's own contributions in tax forms?
Context: working for a company in Quebec (Canada) that matches RRSP contributions.
When contributing to one's RRSP, the company contributes an additional amount on top (a percentage of the employee ...
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quick method of accounting in QuickBooks online
I use QuickBooks online for accounting.
For collecting sales taxes I choose Quick method.
But I don't know how I can use it in QuickBooks online.
I found the following question on Quickbooks forum:
...
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2
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What is your effective tax rate if you work from home in Montreal for a company in Toronto?
What is your effective tax rate if you work from home in Montreal for a company in Toronto ?
Does Quebec Tax abatement of 16.5% apply ?
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If the highest federal tax rate is 33% and the highest provincial tax rate is 25.75%. why is the marginal tax rate 53% rather than 58.75% (Quebec)?
If I understand correctly, the total tax is basically the sum of federal taxes and provincial taxes, so for Quebec this should give a marginal tax rate of 58.75% (33% federal and 25.75% provincial). ...
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Extra money - pay mortage or invest?
Our situation:
Both 28 years old
Both working full time with stable jobs
No debts (no student loans, cars are paid, etc.) except a 80$/month 0% interest 2 years loan for home furnitures.
Family ...
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vote
1
answer
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In Quebec, for the personal basic amount, does the federal tax credit and the provincial tax credit add up?
E.g. if my income is 17000$, which is below the provincial basic (18056$) but above the federal one (maximum 15705$), do I pay taxes?
Is it
federal_tax = min(0, federal_income_tax - federal_BPA * ...
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How does credit rating work in Canada?
I would like to understand how to model to evaluate if credit score is different in Canada from the USA.
I just finished paying some debt on a 0% credit card and I have no more use of this card (and ...