income tax Returns

Jump to Page:
< Previous [ 1 ] [ 2 ] [ 3 ] Next >

shahgufta
Member since: Apr 04

Posts: 12
Location: chicago, us
Post ID: #PID

Posted on: 22-04-04 07:35:07

Hi,

I lived in toronto area, canada for a year before moving to US on work visa (H1B1). Last year(2003) I was completely out of canada. I would like to know if I need to pay canadian taxes l as I have paid my US federal and state taxes.

I have canadian bank a/c & driver's license but no source of income in Canada except maybe some interest income from my bank a/c. I do not have much transaction thru my bank a/c except when I paid taxes for a part of the year (2002) away from canada.

If I need to pay canadian taxes please advice what kind of taxes I need to pay (federal/provincial). Do I fill out NR73 before doing so or pay as non-resident/resident ? Thanks.

croco70
Member since: Apr 04

Posts: 10
Location: Brampton
Post ID: #PID

Posted on: 29-04-04 15:55:57

Hi Sanjiv

Thanks for your support to the new immigrants in guiding them about the taxation system and other gevernment benefits.

I have arrived Toronto last month. My family is to join me in July. I have 2 yr old daughter. For claiming CCTB for her, do i need to wait for them to come or just apply now. Please guide me if any other scheme for childern is there. Somebody was telling me about daycare charges etc. etc.

From the website i have seen that for getting CCBT, they ask for the annual family income. As i am new immigrant, how can i fill my income. Please clarify!

Thanx in advance.

Pramod Chopra
Member since: Sep 03

Posts: 1284
Location: Pickering, ON
Post ID: #PID

Posted on: 24-05-04 12:24:34

Quote:
Orginally posted by croco70

Hi Sanjiv

Thanks for your support to the new immigrants in guiding them about the taxation system and other gevernment benefits.

I have arrived Toronto last month. My family is to join me in July. I have 2 yr old daughter. For claiming CCTB for her, do i need to wait for them to come or just apply now. Please guide me if any other scheme for childern is there. Somebody was telling me about daycare charges etc. etc.

From the website i have seen that for getting CCBT, they ask for the annual family income. As i am new immigrant, how can i fill my income. Please clarify!

Thanx in advance.

Since I did not see an answer to this post by the tax expert, I thought I should give you my 2 cents worth.

You can wait for them and then complete the CCTB form as you can get this in back payments up to 11 months.

The income you have to fill on the form is your annual income in last couple of years in India ( or any country you migrated from) equivalent in Canadian Dollars. They do provide you an 'average' conversion rate for Can $ in your country's currency. A note here; your family income (combined income of both spouses) should be between Can $ 5000 to $24000 to get the maximum benefit of CCTB. YOU DO NOT HAVE TO PAY TAX ON THIS INCOME HERE IN CANADA AS THIS INCOME WAS EARNED BY YOU BEFORE LANDING TO CANADA.

The day care charges are some thing you get a 'break in income tax' here in Canada on your income earned in Canada. What that means if, if you are to pay any taxes for this year income, you will get a break in that tax amount if you have paid 'day care' charges for your daughter so that some body should take care of her while you go out and earn your income or livelyhood in Canada.

Hope it clarifies some points.

-----------------------------------------------------------------

Pramod Chopra
Senior Mortgage Consultant
Mortgage Alliance Company of Canada

Smiley
Member since: Mar 03

Posts: 1185
Location: USA
Post ID: #PID

Posted on: 24-05-04 14:17:47

If you have canadian Drivers license and Canadian Medical Insurance , you are claiming Canadian residency and are bound to pay taxes on your "World Income" top canada .

PS: Tax evasion is a criminal offence and involves Jail - time

-----------------------------------------------------------------
We will find a way or we will make one

Banglorean
Member since: Sep 03

Posts: 42
Location:
Post ID: #PID

Posted on: 10-05-05 14:51:19

I have only a PR card and SIN card. No driving licence or medical cards.

My worry is will there be any problem in getting in to Canada when I land in Canada next time after a gap of 2-3 years (I had left soon after taking immigration)

Mjhamb
Member since: Mar 05

Posts: 7
Location:
Post ID: #PID

Posted on: 17-08-06 09:48:53

Hi,

I have read lot of posts about RESP. I am still not able to decide which company is the best for opening a RESP account. I am comparing between Global Education Trust, Heritage and Childern Education Fund. Can somebody guide me by giving some kind of comparatative analysis between these companies. I would appreciate help in this regards. Thanks

PWin
Member since: Jun 06

Posts: 21
Location:
Post ID: #PID

Posted on: 17-08-06 11:51:18

For Imigration purpose you are a PR as long as you satisfy the residency obligation (Chk residency obligations on - cic.gc.ca). You should not have problem in coming back to Canada as long as you do not stay outside Canada for more than 3 years at a time.

For tax purpose you can be a resident, non resident, deemed resident or deemed non-resident depending on you ties to Canada (Chk revenue Canada site for details). If you are not living here and only have SIN & PR card I think you will be considered deemed non resident and do not owe any taxes in Canada. Although you may want to file the return to when it is due.

Imigration & Taxation define residency in a different way and most of the time they are seperate from each other.

Contributors: sanjivkumaargupta(4) Banglorean(3) chandresh(2) Pramod Chopra(2) Garvo Gujarati(1) PWin(1) shahgufta(1) croco70(1) Smiley(1) Mjhamb(1)

Jump to Page: < Previous [ 1 ] [ 2 ] [ 3 ] Next >

Show Printable version

Send this page to a friend

Add to favorites

Discussions similar to: income tax Returns
	Topic	Forum	Views	Replies
	Tax for Non-Resident	Accounting and Taxation	2053	3
	Do I need to file income tax return	Independent Category	2844	4
	And I thought ALL immigrants were equal in Canada!	Life	1810	4
	US and Canadian Taxes	Accounting and Taxation	1923	5
	US and Canadian Taxes	Accounting and Taxation	1855	1
	Tax question......pls help	Accounting and Taxation	2101	6
	TAXES for less than 183 days.	Accounting and Taxation	1754	1
	? US child tax credit - Canada Taxation	Accounting and Taxation	1545	0
	TAX Consultant for TN holder	Accounting and Taxation	1566	1
	Looking for an Accountant	Accounting and Taxation	1382	0
	What month of the year should I move to avoid filing Canadian taxes ( 1 2 )	Accounting and Taxation	2663	8
	Amount brought to Canada & Taxes	Accounting and Taxation	2078	2
	Married and filing taxes	Accounting and Taxation	1312	1
	T4 mistake!!	Accounting and Taxation	1760	2
	International Student Cash job. And then, Taxes.	Accounting and Taxation	2361	1
	Living in USA for 1 and 1/2 year	Accounting and Taxation	1453	1
	Canadian PR living in USA on H1B with Canadian Citizen Wife	Accounting and Taxation	1705	1
	Tax return in India for OCI	Accounting and Taxation	2572	0
	Moving to Canada	Our Native Country!	1590	3
	Canadian tax while in U.S. ( 1 2 )	Accounting and Taxation	2751	8
	Any Canadians working in Uae know about taxes for non residents ?	Financial Planning	1945	1
	reporting world income	Financial Planning	1488	1
	How to get Indian Interest on Cad$ & get that interest transferred in Cad$? ( 1 2 )	General	4075	11
	UCCB/CCTB excess payment asked to be debited-Family in India	Accounting and Taxation	4919	4
	Need help - Tax on Global Income for canadians working abroad	Financial Planning	1985	1

Charcha

income tax Returns

Discussions similar to: income tax Returns