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Worked half the time in US last year - best software for filing taxes in US and CANADA
I worked half the time last year in US and the balance half in Canada. Curious if anyone has done this before and any advice on best software or resources for going about this.Thanks in advance. Best,
- patron
- May 30th, 2020 5:49 pm
- Forum: Personal Finance
- Personal Finance
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May 30th, 2020 5:49 pm
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Tax question about stocks in TFSA bought/sold within 30 days
Hello, I have a bit of a convoluted question on capital gains tax.... This is what I understand about transferring stocks to a TFSA account: Any stocks transferred from a margin account to a TFSA account will be considered sold at market value at time of transfer. Any gains at time of transfer is su...
- ajdedo
- May 30th, 2020 10:16 am
- Forum: Investing
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Filing taxes -Can I claim medical expenses combined?
I couldn't find any info if I can claim medical expenses combined... For example , I'm claiming 12 months period from Aug 1, 2018 to Aug 1, 2019... During this time period I visited physio 15 times on different days and paid $60 per visit. Instead of entering 15 records in the turbotax, can I just e...
- gibor365365
- May 25th, 2020 2:36 pm
- Forum: Personal Finance
- Personal Finance
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May 25th, 2020 2:36 pm
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Recommendation for a reasonable accountant to file USA taxes
Our beloved accountant retired this year. US expat in Toronto, who needs to file USA taxes, is looking for an accountant, who is reasonable in fees and competent. Any recommendations would be appreciated.thank you
- gd34942
- May 20th, 2020 10:42 pm
- Forum: Personal Finance
- Personal Finance
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May 20th, 2020 10:42 pm
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I'm in Quebec, worth it to buy computer from London Drugs to avoid paying provincial sales tax?
Hey guys so I am planning on buying a Mac and saw that I can get it at London Drugs. Since I live in Quebec I only need to pay GST which is a huge saving! I am wondering if it safe and ok to purchase from LD and avoid Provincial tax! Thanks
- danzerino
- May 20th, 2020 8:12 am
- Forum: Shopping Discussion
- Shopping Discussion
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May 20th, 2020 8:12 am
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taxes - RRIF... deduction on the MANAGEMENT FEE?
I realize that the annual SERVICE CHARGE is deductible,but how about the MANAGEMENT FEE paid to the manager from the assets of the fund...is that also deductible?
- rsauve
- May 19th, 2020 6:37 pm
- Forum: Personal Finance
- Personal Finance
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May 19th, 2020 6:37 pm
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taxes - RRIF... deduction on the MANAGEMENT FEE?
I realize that the annual SERVICE CHARGE is deductible, but how about the MANAGEMENT FEE paid to the manager from the assets of the fund...is that also deductible?
- rsauve
- May 19th, 2020 6:27 pm
- Forum: Investing
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Filing taxes - NR4 form in Studio Tax
I am using Studio Tax to file my taxes.Although I am a Canadian resident I have received an NR4 form with income code 09 (dividends)How do I file this form using Studio Tax?Thanks
- itIsI
- May 16th, 2020 1:39 pm
- Forum: Personal Finance
- Personal Finance
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May 16th, 2020 1:39 pm
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Taxes and changing your province of employment questions
I work full time from home living in NS and due to Covid, my work is closing their Halifax office and will no longer have a physical presence in NS. Work has advised that they are changing my province of employment to Ontario and that typically I can expect a decrease in tax withholding each pay. La...
- RandomCDN
- May 14th, 2020 8:03 pm
- Forum: Personal Finance
- Personal Finance
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May 14th, 2020 8:03 pm
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Sending money to the Government for 2020 taxes in 2021
Ok so I'm in Quebec with the emergency Canadian benefit and my GF that is on Quebec parental insurance plan, both of these gets almost no taxes out of the pay and we don't want a surprise in 2021 when we do our 2020 taxes So I heard that you can send money in advance to the government so that ...
- ratatapa
- May 5th, 2020 11:31 am
- Forum: Personal Finance
- Personal Finance
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May 5th, 2020 11:31 am
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Taxes shipping personal items from Canada to US
... It's too big to fit in my car so I wanted to ship it, but it looks like UPS/FedEx will charge me duties on the item. Am I required to pay taxes on this item since it a personal belonging and I'm shipping it to myself?
- yojowo
- Apr 26th, 2020 9:46 am
- Forum: Shopping Discussion
- Shopping Discussion
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Apr 26th, 2020 9:46 am
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Taxes - Leveraged Investing
... 1) Who do I allocate the borrowing and income to? I know that I have to stay consistent, so the same person has to borrow the money and pay income taxes on the dividends. Spouse A will get a larger deduction on interest owed, but then will pay more taxes on dividend income. Everything I've read ...
- reversi
- Apr 20th, 2020 10:45 pm
- Forum: Investing
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Double Taxes on a Product Shipped via UPS from US - What are my options?
... the store charged me Canadian sales tax at checkout - the vendor themselves confirmed this to me. Online invoice of my product says I paid taxes too when I check it. When the package hit the border, UPS gave the package to CBSA, and assessed it. Obviously I got hit with UPS Brokerage. The ...
- UltraCompact
- Apr 19th, 2020 3:32 am
- Forum: Shopping Discussion
- Shopping Discussion
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Apr 19th, 2020 3:32 am
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I've never filed my taxes before and have some questions
... my bank not doing anything, so I decided to start researching into investing and learning about TFSAs and index funds. This lead to learning about taxes and I always knew that I'd have to file a tax return once I earned a certain amount. I then learned that taxes I may owe don't start around the ...
- Wallboy
- Apr 14th, 2020 3:01 am
- Forum: Personal Finance
- Personal Finance
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Apr 14th, 2020 3:01 am
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How long must you live in a residence to consider it your principal residence to avoid captial gain taxes on selling?
I'm looking at buying/building a cabin and possibly flipping it if the offer comes up within a year. Is there any exact time you have to stay at the residence before you can sell it where it wouldn't be considered your principal residence? I can't imagine CRA would let you do it regularly?
- baz5
- Apr 13th, 2020 10:34 pm
- Forum: Real Estate
- Real Estate
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Apr 13th, 2020 10:34 pm