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taxnano
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- Posted How did you know they filed a T5? did you download from C... on Self-employed. October 31, 2019 11:10 AM
- Posted The name should have no bearing, however you should keep... on Self-employed. October 30, 2019 7:14 PM
- Posted It may have something to do with working income tax benef... on Seniors and students. October 30, 2019 6:07 PM
- Posted It's counted because that's what the rules says if you ca... on Getting started. October 30, 2019 6:05 PM
- Posted Remitting HST is not the same as filing your personal inc... on Troubleshooting. October 30, 2019 6:04 PM
- Posted There is really to time limit especially if this the only... on Investors and rental owners. October 30, 2019 6:03 PM
- Posted You can just use the total. If they request more informat... on Investors and rental owners. October 30, 2019 5:58 PM
- Posted Dividend income from USA are reported and taxed as ordina... on Getting started. October 30, 2019 5:58 PM
- Posted OTb is based on the actual amount of rent paid. If your p... on Credits and deductions. October 30, 2019 4:58 PM
- Posted Your parents can certainly claim your unused tuition. fi... on Seniors and students. October 30, 2019 3:43 PM
- Posted That is because capital gains/losses inclusion and deduct... on Investors and rental owners. October 30, 2019 2:24 PM
- Posted No you cannot deduct any of these expenses except propert... on Investors and rental owners. October 30, 2019 2:23 PM
- Posted You cannot report incorporated business as a sole proprie... on Self-employed. October 30, 2019 2:23 PM
- Posted Just enter the information as is in t4rsp and the softwar... on Seniors and students. October 30, 2019 2:22 PM
- Posted Is the T4a related to school grant and was he/she a fullt... on Getting started. October 30, 2019 2:20 PM
- Posted It seems you have a one day rent income in 2017. I wouldn... on Investors and rental owners. October 30, 2019 2:20 PM
- Posted Yes. on Getting started. October 30, 2019 2:19 PM
- Posted This is not deductible. Your employer should reimburse yo... on Troubleshooting. October 30, 2019 2:19 PM
- Posted You may have you filled out the self employment income wi... on Getting started. October 30, 2019 2:19 PM
- Posted It is better to report it yourself on line 129. waiting... on Investors and rental owners. October 30, 2019 2:16 PM
October 31, 2019
11:10 AM
How did you know they filed a T5? did you download from CRA web site? If that is the case use what's on the CRA web site. Also know that issuers are not suppose to prepare T5 when the income/interest/dividend is less than $50.
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October 30, 2019
7:14 PM
The name should have no bearing, however you should keep it consistent going forward by using the same name as last year.. Being a sole proprietor, CRA is still going to address by your birth name especially if the company name is not registered.
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October 30, 2019
6:07 PM
It may have something to do with working income tax benefit. As a fulltime student you may not be entitled to that credit. As a result your refund will be lower.
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October 30, 2019
6:05 PM
It's counted because that's what the rules says if you cannot claim education amount. See link for detail explanation https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-re...
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October 30, 2019
6:04 PM
Remitting HST is not the same as filing your personal income tax. As a self employed you will file an hST return as well as T1(personal income tax).
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October 30, 2019
6:03 PM
There is really to time limit especially if this the only home owned at any particular time; here is a link to what qualifies as a PR https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-re...
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October 30, 2019
5:58 PM
You can just use the total. If they request more information you can send you spreadsheet to them.
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October 30, 2019
5:58 PM
Dividend income from USA are reported and taxed as ordinary income in Canada. Therefore you should report it as foreign income in our T5 and deduct the tax paid as well. Btw, is the slip you received a USA 1042s? If it is use the T5 to report the income in Canadian dollars.
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October 30, 2019
4:58 PM
OTb is based on the actual amount of rent paid. If your paid rent is lower this year so will the OTB.
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October 30, 2019
3:43 PM
Your parents can certainly claim your unused tuition. first you have to obtain a signed cra form TL1A from your school. You may have to provide this form to the school since this is an international school. to be eligible your study must lead to a university degree and not college degree.
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