Shall earning child file the return?

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khpsrj
Member since: Nov 03

Posts: 9
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Posted on: 03-03-09 22:36:35

My daughter (with PR status, age 16) has earned around $3000 per year in 2008. Shall she file the return per law even if tax has been deducted from her salary?

Can it be beneficial to claim any rebate?

Thanks in advance.

ftfl
Member since: Jul 06

Posts: 2335
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Posted on: 04-03-09 01:25:48

It will be to her benefit and she should file a return to comply with the income tax requirements.

Does she have the T4 slips too? That will make it simple.

If you had known this you could also have sheltered a portion into RRSP.

You cannot include her into your tax return as a dependent.

Hope this helps you a little.

Freddie.

vikshr
Member since: Aug 07

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Posted on: 04-03-09 09:39:44

Filing return is not only mandatory, but also works in her favour...

With $3000 as income, she wouldn't owe any taxes ...
So if her employer deducted taxes out of her pay, she will get that refunded, when she files return...

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cdn_dude
Member since: Dec 05

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Posted on: 04-03-09 14:58:39

Quote:
Originally posted by vikshr
So if her employer deducted taxes out of her pay, she will get that refunded, when she files return...

Not necessarily... it would depend on how much was deducted and what kind of employment the person had.

vikshr
Member since: Aug 07

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Posted on: 04-03-09 17:44:40

Quote:
Originally posted by cdn_dude

Quote:
Originally posted by vikshr
So if her employer deducted taxes out of her pay, she will get that refunded, when she files return...

Not necessarily... it would depend on how much was deducted and what kind of employment the person had.

I can't think of single instance when a person with total income of $3000 will pay taxes....may be you can through some light.....
Unless you are referring to small amount of EI ($51.90) that she would owe... ?

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Vik

cdn_dude
Member since: Dec 05

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Posted on: 04-03-09 18:18:12

Quote:
Originally posted by vikshr

Quote:
Originally posted by cdn_dude

Quote:
Originally posted by vikshr
So if her employer deducted taxes out of her pay, she will get that refunded, when she files return...

Not necessarily... it would depend on how much was deducted and what kind of employment the person had.

I can't think of single instance when a person with total income of $3000 will pay taxes....may be you can through some light.....
Unless you are referring to small amount of EI ($51.90) that she would owe... ?

The amount for the CPP and EI contribution deducted by the employer will not be refunded. However, there will be a refund if the employer deducts taxes using higher income tax rate. There are some types of incomes (such as scholarships from the universities) are not taxed. That's why I said "not necessarily" in my previous response.

vikshr
Member since: Aug 07

Posts: 157
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Posted on: 04-03-09 20:52:52

Quote:
Originally posted by cdn_dude

The amount for the CPP and EI contribution deducted by the employer will not be refunded.

Income upto $3500 are exempt from CPP... then why would CPP (if deducted) not be refunded?

Quote:
Originally posted by cdn_dude

There are some types of incomes (such as scholarships from the universities) are not taxed. That's why I said "not necessarily" in my previous response.

Read my first post carefully... I said "if employer deducted taxes....it will be refunded". I dont know why in response you will bring a reference to "tax free incomes" like scholorship...

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Vik

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