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TonyC11
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Activity Feed for TonyC11
- Got Cheered for Your thinking is correct as far as it goes. When your hus.... April 22, 2022 1:50 PM
- Posted Re: My wife is not living in canada and dose not have sin on After you file. February 24, 2022 3:56 PM
- Got Cheered for Enter her SIN as 000-000-000. Report yourself as Married,.... February 9, 2022 6:31 PM
- Posted Re: Is my British pension taxable in Canada? on Seniors and students. July 14, 2021 8:34 AM
- Posted Re: Yes! By tax treaty between Canada and the UK, any Pension... on Seniors and students. May 9, 2021 1:49 PM
- Posted Re: Will my tuition fees raise a red flag? on Seniors and students. May 9, 2021 9:30 AM
- Posted Re: In the first 60 days of 2021 I contributed about 10K to my RSSP to only to found out I exceed 2020 limit by 4K, can only use 6K for 2020 and the excess for 2021 ? on Seniors and students. May 9, 2021 5:39 AM
- Posted Re: Unused tuition and education amounts from previous years 15,392.34 Where does this number come from and am I able to use the $5000.00 maximum as a deduction as a parent? on Seniors and students. May 8, 2021 2:13 PM
- Posted Re: Yes! By tax treaty between Canada and the UK, any Pension... on Seniors and students. May 8, 2021 11:57 AM
- Posted Re: Yes! By tax treaty between Canada and the UK, any Pension... on Seniors and students. May 8, 2021 4:59 AM
- Posted Re: Yes! By tax treaty between Canada and the UK, any Pension... on Seniors and students. April 25, 2021 1:28 PM
- Posted Re: Yes! By tax treaty between Canada and the UK, any Pension... on Seniors and students. April 25, 2021 1:02 PM
- Got Cheered for It is because you wee showing Working Income Tax Benefit.... April 22, 2021 1:51 PM
- Posted Re: My wife is not living in canada and dose not have sin on After you file. April 6, 2021 1:19 PM
- Got Cheered for Enter her SIN as 000-000-000. Report yourself as Married,.... April 6, 2021 12:57 PM
- Posted Re: Yes! By tax treaty between Canada and the UK, any Pension... on Seniors and students. February 3, 2021 1:31 PM
- Posted Re: Yes! By tax treaty between Canada and the UK, any Pension... on Seniors and students. February 3, 2021 1:29 PM
- Got Cheered for Enter her SIN as 000-000-000. Report yourself as Married,.... April 10, 2020 12:51 PM
- Got Cheered for Yes, your fee is considered a business service, but you a.... March 15, 2020 12:35 PM
- Got Cheered for These items are referred to in the T4A notes as "premiums.... March 7, 2020 7:16 PM
February 24, 2022
3:56 PM
You have to have written documented evidence that you were the only source of financial support your spouse. Read the text online carefully. CVTS doesn’t care about your partner’s PR application or citizenship it is simply not a factor. it is up to you whether you claim spousal credit. If you do, and CRA decides you don’t qualify, you will be on the hook to pay back any refund generated by the credit amount. Mist people don’t qualify if they have a nonresident spouse.
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July 14, 2021
8:34 AM
Yes, Foreign pension amounts are considered when calculating the Pension Credit. Bear in mind maximum credit is only $2000.00 This is a trifling amount unchanged since 2006. Complain. also this buys you only $300 maximum federal tax paid,, and it is none-refundable.
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May 9, 2021
1:49 PM
If you are referring to the up to $2000 Pension credit, yes foreign pensions including UK pensions are eligible amounts toward this credit. They are also eligible for Pension Splitting.
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May 9, 2021
9:30 AM
There should be no issue so long as you were provided with valid T2202 by your school. CRA should have a copy of this also. You will report the Tuition amount from box 26 on your slip.
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May 9, 2021
5:39 AM
If your 2020 Deduction Limit was $6000, that’s the maximum you can deduct, from 2020 income, full-stop. Any further contribution will show up as an undeducted contribution on your 2020 Notice. It will also be an excess contribution, and will exceed the allowed $2000 amount that CRA permits without penalties. You can withdraw all or some of the excess ( you must notify CRA) or let it ride, deduct it in 2021 and accept penalties.
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May 8, 2021
2:13 PM
Firstly,Tuition is a non-refundable credit, not a deduction. Big difference. Secondly, can you transfer Tuition credit from previous years to a parent? No you cannot. Only tuition credit earned from the current tax year ( ie 2020 filing year) can be transferred . Your carried forward tuition credit can only be used by you the taxpayer. If you cannot use it. It gets carried forward to the next tax filing year. ( ie 2021).
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May 8, 2021
11:57 AM
It is referred to as Personal Amount by CRA and has a 2021 value of $13229, rising to $15000 in 2 years. If you are Resident in Canada for tax purposes you get this credit, regardless of any pension, foreign or local.
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May 8, 2021
4:59 AM
If you are referring to the up to $2000 Pension credit, yes foreign pensions including UK pensions are eligible amounts toward this credit. They are also eligible for Pension Splitting.
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April 25, 2021
1:28 PM
By treaty with the UK, recurring pensions are not taxed where they arise, and are always taxable in. Canada by CRA.
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April 25, 2021
1:02 PM
Yes, In fact your foreign pension MUST be included. In the amount considered for pension splitting. CPP, OAS and GIS cannot be included.
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