Personal Income Tax Discussions, Offers & Promotions
Search found 197 matches. Go to advanced search
- Posts
- Forum
- Post By
-
HELP!! How do I reduce personal income tax on rental income?
After deducting expenses(Property tax, insurance and maintenance) I still have 14k rental income for which I am taxed 43% under my personal income tax. Please suggest any legal way to reduce the tax. I am using wealthsimple to file my income tax. I am a first time rental prop owner and ...
- keyfox
- Mar 11th, 2022 8:31 pm
- Forum: Real Estate
- Real Estate
-
Mar 11th, 2022 8:31 pm
-
Corporate Business Expense and Personal Income Tax
If my company let's me buy a new laptop and re-reimburses me as a business expensive, do I have to declare the value as income if I'm keeping it?
- JFlash20
- Jul 16th, 2020 12:16 pm
- Forum: Personal Finance
- Personal Finance
-
Jul 16th, 2020 12:16 pm
-
Personal Income Tax - They say to hold on to paper work for 7 years?
Hello. I was told to hold on to my Personal Income Taxes for 7 years, I actually have more than 7 years worth, so I want some clarity on which year going backwards is the cut off? Is it the last 7 tax filings? or the last 7 years from todays date? Which one exactly? Do I keep anything 2012 and newer...
- GoodFellaz
- Apr 8th, 2020 6:42 pm
- Forum: Personal Finance
- Personal Finance
-
Apr 8th, 2020 6:42 pm
-
Working as a Personal Income Tax Preparer at a small CPA firm, HOW can I get accepted as full time in June?
Good Morning , I just finished my first week as a Personal Income Tax Preparer at this small CPA firm about an hour from Toronto. My contract is until the end of May, although I know the Income Tax deadline has been extended until June 1. Obviously, ...
- Getbread
- Mar 23rd, 2020 8:25 am
- Forum: Careers
-
Ontario 2018 Budget - Liberals proposing to simplify personal income tax brackets and eliminate personal income surtax
surtax.png In a move that would affect millions of Ontarians, the government is proposing to simplify personal income tax brackets and eliminate Ontario’s personal income surtax. Under current rules, a person earning $95,000 in Ontario pays $6,946 or 7.31% in taxes. Under ...
- tk1000
- Mar 28th, 2018 4:58 pm
- Forum: Personal Finance
- Personal Finance
-
Mar 28th, 2018 4:58 pm
-
close
close
- HenryC422053
- Feb 11th, 2018 1:46 pm
- Forum: Personal Finance
- Personal Finance
-
Feb 11th, 2018 1:46 pm
-
Simplii Financial T5?
Just wondering if anyone knows how Simplii will deliver their T5 statements, potentially off how PC Financial handled things in the past?
- Conundrum1911
- Feb 8th, 2018 1:22 pm
- Forum: Personal Finance
- Personal Finance
-
Feb 8th, 2018 1:22 pm
-
2018 Indexation for personal income tax & benefit and TFSA
... Indexation adjustment for personal income tax and benefit amounts Each year, certain personal income tax and benefit amounts are indexed to inflation using the Consumer Price ...
- agit
- Dec 6th, 2017 5:06 pm
- Forum: Personal Finance
- Personal Finance
-
Dec 6th, 2017 5:06 pm
-
Personal Income tax of clergy
HiLike to know, if clergy who does not receive any income (food, shelter, clothing, transpotation provided by Non-profit religious org) has to file personal income tax returns with CRA?Thanks
- Tyyatyya50
- Jul 19th, 2017 8:34 am
- Forum: Personal Finance
- Personal Finance
-
Jul 19th, 2017 8:34 am
-
Tax Write-offs for young guy
I'm trying to line up everything for my return and seeing if there are any deductions I am missing. I am a typical young person. Oilfield trucker and electrician for work. Ones I've lined up so far are: - First-time home buyer - Charity donations - Trucker's deduction for being away from home (batch...
- FirstGear
- Feb 19th, 2017 2:41 pm
- Forum: Personal Finance
- Personal Finance
-
Feb 19th, 2017 2:41 pm
-
Vacation Payout - does it all even out when you file taxes?
I'm in the second tax bracket (around 82K gross/year). Currently in a 1 year temporary position and my 1 year term ends pretty soon. I have about 7 vacation days that I haven't used yet (I have the option of using them and have been approved to take the time off if I prefer to but still also have th...
- adilh53
- Sep 7th, 2015 3:44 pm
- Forum: Personal Finance
- Personal Finance
-
Sep 7th, 2015 3:44 pm
-
Personal Income tax review
Recently I received a letter from CRA for review of rent paid and property tax paid. They asked for original receipts from land lord and property tax payment authority. But unfortunately the amount I claimed during submission of my income tax and the original receipt I received now does not match. T...
- alimeer123
- Aug 15th, 2015 9:22 pm
- Forum: Personal Finance
- Personal Finance
-
Aug 15th, 2015 9:22 pm
-
Question regarding T2202A tuition slip
When I enter this amount into my tax software, my refund goes down by a significant amout. I worked and went to school in 2014.Do I have to claim or report the numbers on my T2202A slip? What happens if I don't? Thanks.
- Tallgeese
- Mar 1st, 2015 1:02 pm
- Forum: Personal Finance
- Personal Finance
-
Mar 1st, 2015 1:02 pm
-
Taking RRSPs without getting taxed
Anyone know of a way to take out RRSPs without getting taxed? I already know the First Time Homer Buyers and Long Life Learning strategies already..Has anyone done it without much tax implications? Is the only solution to not work the year you take out the RRSPs?
- ryebread12
- Apr 19th, 2014 12:27 pm
- Forum: Personal Finance
- Personal Finance
-
Apr 19th, 2014 12:27 pm
-
Anyone still not get T5 from PCF?
Called PC Financial today and they said they started to send out late Feb,but I still didn't get it and they said they don't know whether my mail is sent out or not.Anyone else have same situation?Thanks
- smartie
- Mar 22nd, 2014 4:48 pm
- Forum: Personal Finance
- Personal Finance
-
Mar 22nd, 2014 4:48 pm
-
Fyi
Fyi
- covergirl
- Feb 9th, 2014 10:44 am
- Forum: Personal Finance
- Personal Finance
-
Feb 9th, 2014 10:44 am
-
CRA Bill
Hi all: Wondering what's going on here...I received a bill from CRA that stated that I was paid GST/HST credit that I was not entitled to for 6 months, even though I reported on my taxes as common-law and paid my refund. Should I still have to pay, or was it a admin error and they should be eating i...
- keano
- Nov 8th, 2013 9:21 am
- Forum: Personal Finance
- Personal Finance
-
Nov 8th, 2013 9:21 am
-
Paycheque Question
Hi I have a question regarding paycheque in the workplace. I currently am a delivery driver and we get paid cash but at the end of the year our boss gives us a T4 Slip stating our income we made. However now the boss is telling all the drivers that she will be giving cheques soon. We get paid $8.50 ...
- masoud100
- Sep 7th, 2013 2:22 am
- Forum: Personal Finance
- Personal Finance
-
Sep 7th, 2013 2:22 am
-
Small question about some info the CRA wants from me
Hi! Some background info: The CRA wants some extra info to see if my assessment was done right. I graduated from university last august and they are asking for an official tax receipt or t2202a. I have that, which is fine, but my question comes here: They say - "state whether or not an employer...
- phomanny
- Sep 3rd, 2013 11:24 am
- Forum: Personal Finance
- Personal Finance
-
Sep 3rd, 2013 11:24 am
-
d
d
- dagger88
- Jul 23rd, 2013 10:56 am
- Forum: Personal Finance
- Personal Finance
-
Jul 23rd, 2013 10:56 am