Quote:

---

Originally posted by Amadan123

I hope I am not repeating anything but all the posts above were fantastic. I just want to clarify/emphasize some things.

1) taxation in Canada is based on residency for tax purposes. You can be a resident for the full year or part of the year. When you are a resident of Canada for tax purposes, you will have to report and pay tax on your world income.

2) filing a tax return doesn't become a requirement exclusively because of an age, per se. It is a good habit to get into to take advantage of some credits, like the tuition tax credit, or the GST/HST credit. If she earns income, for example, then she must file an income tax return to report that income.

I hope I addressed your questions adequately.

---

----------

I WANT IMMIGRANTS WHO DO NOT COME HERE TO SETTLE, BUT JUST LAND HERE AND PICK THEIR.. PR CARDS, DO JUST THAT, TO SAVE THEMSELVES THE TAX PENALTIES at a later date.

1) Just because PR means a Permanent RESIDENT and has the word 'resident' in it does not make one liable to pay taxes to Canada. There are a few ties that makes one, more so, than just the entry into Canada for settling down. In this case, his under aged kid ties him down in the first instance. But for a few odd months. Not knowing the date of birth of his daughter and the date of entry into Canada etc., I do not want to comment here.

2) Most of the claim that one can make is towards the NON REFUNDABLE TAX CREDITS and not having paid a penny to the CRA, they will only carry the credit forward to the next year. More over, Joining the University in September and completing the year on the 31st of December will not provide sufficient personal deductions in the last quarter, due to fact it gets pro rated for the balance of the year, so, is not a worthwhile exercise to claim any tax rebates during the first year.

There are tax sleuths in the student body who can be consulted by his daughter to verify the information provided here and also do a tax run to see if it is worth their while. To me it will be an exercise in futility and academic. Hey, why not try it out as an exercise and drop us a note here and tell what comes out at the end of such an analysis.


FH.