How can one learn about the Canadian tax system (Toronto, Ontario to be specific) in the easiest way possible? Does one need to do a ton of reading to grasp the basic concept behind how they work or are there nice videos and presentations that explain how they work? [more inside]
Short version: As a Canadian Freelancer, if I track all my expenses carefully in mint, and pay for pretty much everything with credit/debit cards, do I still need to keep all those paper receipt? [more inside]
I've just signed on with a couple of online firms that have a team of freelancers and then assign work to them. What do I need to know about taxes? [more inside]
I started what is effectively a software consulting business this year. It's incorporated and I'm the only employee/owner/president/whatever. I'm filing the company's taxes for the first time now and my filing should be pretty simple. [more inside]
BC'ers - how do you calculate the rate of income tax you should be paying? After googling I'm coming across wildly different rates for brackets, as well as terms like 'average rate' and 'marginal rate' (what are these? The internet doesn't want to tell me!) I normally do my own taxes at home (UK) but am being driven round the bend trying to get the figures for this.
We will be importing a 2004 Honda Accord into Canada this weekend, I hope. We must pay taxes (16% of value of the car!) when we bring it in. It is up to us to put a value on the the car and hope the customs agent accepts our assessment. If they don't accept it, they will put their own value on the car and we must accept that and pay taxes accordingly. Two questions: how would you assess the value? And how would you try to pay the least amount possible? [more inside]
Calling all internationally mobile, 'creative-class' freelancers- how do you determine who taxes you, if your design clients are in one country (for me, USA) you live in another country (Germany) but are a citizen of yet somewhere else (Canadian)? Does everyone get a piece of my income? [more inside]
If I'm ordering something online and they're based in Canada, will I have to pay customs when they ship to the US? [more inside]
As a US citizen, living and working abroad for many years, I recently heard of a new law that I must file tax returns on the US by Aug 31, 2011 or face a penalty. Anyone know about this? If US citizens live and pay taxes abroad, they generally are exempt up to $91,500.
Quirky Canadian tax question - what's the long term impact of reducing CPP payable? [more inside]
I imported my car to Canada from the USA while in Vancouver on a work visa, so (as a non-settler) I paid no taxes on it. Now, I'd like to sell it — what should I do? Go back to the border office and import it for reals (how much would this cost?) or export it back to the US and sell it in a Carmax in Seattle or something? [more inside]
I want to self-publish my books on Amazon, Smashwords, Barnes & Noble etc. I am a Canadian (Ontario). What do I need to know about this, for tax purposes, before I start? [more inside]
It's income tax time in Ontario, and I've never filed before. Help me get through this as cheaply as possible, won't you? [more inside]
Legal set-up for a commune in Canada? [more inside]
Let's say Jack is in his 20s and in March 2011 he gets his first ever paycheque of $1000. He wants to put $100 into an RRSP account. When can he make this first deposit? Is it right away in March 2011, the first day in January 2012, or in April 2012 after he finally gets all his tax forms and files his taxes, getting a notice of assessment that states his contribution limit?
I'm having a Canadian friend buy me an iPhone 4 in Canada (I'm in America.) How much is this going to cost? [more inside]
can i deduct my laptop on my taxes in canada? i live and work in ontario, canada. i travel for work (approximately 6-8 months in total in a year) and generally my laptop is always required for presentations and software demos. i purchased my own last year. the laptop is 100% solely dedicated to work. i have 2 other computers at home for personal use.... so can i write it off? bonus points for how to do it using quicktax.ca
Hi! I live in Canada and am catching up on my taxes. While I was a student I was day trading through a discount brokerage. Upon my request for a summary of Capital Gains/Losses, the discount brokerage I use told me that this is something I have to do on my own. [more inside]
SweepstakesFilter: My wife (a Canadian like myself) recently won a large number of travel rewards points from an American chain of hotels. Help us determine if the prize is worth keeping considering what we'll have to pay in taxes to the IRS. [more inside]
Revenue Quebec Filter: I mailed my taxes to Revenue Quebec somewhere around the 3rd or 4th of May. That's slightly late, but it's OK because they owe me money. I even sent it express post so it wouldn't get lost. Two months later, I've received no cheque, no direct deposit, no notice of assessment--nothing. [more inside]
What the heck is a T1 Special? [more inside]
As a freelance Canadian consultant/faciliator, what are the legalities of taking on US clients? [more inside]
If I move back to Canada does my American wife and kid get Canadian citizenship? [more inside]
Real-life examples of flow-through shares bought by a Canadian. [more inside]
I have never filed my taxes in Ontario, Canada before. Are there any benefits to doing so even if I have no income to declare?
Can Canadians give tax-deductible donations to American non-profit organizations? [more inside]
How do I find a financial adviser to help me best plan for a move from the US to Canada? [more inside]
So I will be making x dollars gross in Ontario, that translates to... [more inside]
I own with my partner a transcription service for film and TV production companies in Ontario. Recently, a company asked us to do something I consider slightly shady, and I'd like some opinions about what to do. [more inside]
How do I calculate my foreign tax credit on my Canadian tax return? [more inside]
My sig others import business got tagged at the border by RevCan for a 74% import duty. What can we do about this? [more inside]