residency status while filing the return?


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r_jony   
Member since: Dec 04
Posts: 41
Location: Toronto

Post ID: #PID Posted on: 08-03-05 16:18:05

Hi,
I came here in August'04 on work-permit and is going to file the return.But I have a couple of questions:

1)Should I go through the lawyer or I can fill this online(this is the first time I am filling the return in Canada)
2)What's my status?..should I file under "Resident" or "immigrant" or "emigrant" or something else ? As the tax bracket is different for different residency status.

Thanks !


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Thanks,
Rahul !


Smiley   
Member since: Mar 03
Posts: 1185
Location: USA

Post ID: #PID Posted on: 08-03-05 17:19:04

Partial resident and not a full year resident


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crenshaw   
Member since: Sep 04
Posts: 914
Location: Toronto

Post ID: #PID Posted on: 08-03-05 17:26:23

Quote:
Orginally posted by r_jony
1)Should I go through the lawyer or I can fill this online(this is the first time I am filling the return in Canada)



To my knowledge, you won't be able to file your first return on line. You will have to paper file to the 'International Tax Services Office'.

The attached link may be of help!

http://www.cra-arc.gc.ca/E/pub/tg/t4055/t4055-04e.pdf



r_jony   
Member since: Dec 04
Posts: 41
Location: Toronto

Post ID: #PID Posted on: 08-03-05 18:34:18

what's the meaning of "partial resident"..There is no option to choose that in the tax forms.Valid status is one of the following:

1)Resident
2)Deemed resident
3)non-resident
4)immigrant
5)emigrant

which one applies to my case?


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Thanks,
Rahul !


Smiley   
Member since: Mar 03
Posts: 1185
Location: USA

Post ID: #PID Posted on: 08-03-05 19:07:45

resident but you get pro-rated Standard deduction for 4 months and similarly for exemption ..

like if the std deduction is 12000 for somebody who has lived for 12 months in canada and is taxable on all income worldwide you would just get 4000 for 4 months of residency and are not taxable on the first 8 months of income that you had before coming to canada


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We will find a way or we will make one


mercury6   
Member since: Jan 04
Posts: 2025
Location: State of Denial

Post ID: #PID Posted on: 08-03-05 19:11:06

First time filers are always have to do it in paper.


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I once made a mistake, but I was wrong about it.


rinku   
Member since: Mar 05
Posts: 2
Location:

Post ID: #PID Posted on: 09-03-05 16:39:02

Can I claim the rental benefits for the rent I am paying for my accomodation?



Contributors: Smiley(5) sudesingh(4) r_jony(2) crenshaw(1) mercury6(1) rinku(1) dr_san_singh(1)



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