How to file Tax return - New Immigrants

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Praveen
Member since: Dec 03

Posts: 74
Location: Toronto
Post ID: #PID

Posted on: 24-04-05 01:56:20

Hello,

Can any one of this innovative forum shed some light on Tax Return issue in Canada? Partucularly new immigrants of the year 2003-2004.

I mean if an immigrant of the year 2004 with / without reasonable income needs to file Tax return in Canada in order to get tax credit? Is there any government body to contact or any web site to follow such tax return issue?

What is meant by world income?

Thanks,

Mrs. Praveen

chandresh
Member since: Mar 03

Posts: 2606
Location: Toronto
Post ID: #PID

Posted on: 24-04-05 22:25:03

Mrs Praveen,

1. I could not understand what has your question got to do with immigration under independent category? Can you explain?

2. I went into google.com and typed Canada Tax.

Found a page as under:

http://www.cra-arc.gc.ca/menu-e.html" target="_blank">http://www.cra-arc.gc.ca/menu-e.html</a>

You will get infomation from this I am sure.

3. World Income - I think it means the income in the world.

-----------------------------------------------------------------
Chandresh

Advice is free – lessons I charge for!!

Praveen
Member since: Dec 03

Posts: 74
Location: Toronto
Post ID: #PID

Posted on: 25-04-05 01:26:07

Hi Chandresh,

Many thanks for your concern.

1. I could not understand what has your question got to do with immigration under independent category? Can you explain?

I have heard that every landed immigrant has to file Tax Return once a year is over after His/Her landing. This makes me very crazy that why an immigrant with or without job to file Tax Return once the year is over. Could you please shed some light to this issue to clarify my doubt.

Your web information found very helpful information and once again I thank you for the same.

Mrs.Praveen

chandresh
Member since: Mar 03

Posts: 2606
Location: Toronto
Post ID: #PID

Posted on: 25-04-05 09:07:04

Quote:
Orginally posted by Praveen

Hi Chandresh,

Many thanks for your concern.

I have heard that every landed immigrant has to file Tax Return once a year is over after His/Her landing. This makes me very crazy that why an immigrant with or without job to file Tax Return once the year is over. Could you please shed some light to this issue to clarify my doubt.

Mrs.Praveen

You have heard wrong.

Every landed immigrant has to file Tax return once the calendar year is over on 31st Dec - by 30th April of next year (or rather atleast deposit all taxes owed by that date) - not once the year is over after his/her landing.

Why should it make you crazy? Shouldn't a person having a job pay taxes? (you have asked even for persons having a job). I think living in middle east you have forgotten that people earning a living have to file and deposit taxes.

Why should a person who does not have a job file tax return? Few reasons:
a) How will the tax dept know you do not have a job unless you tell them you don't have one?
b) even if you do not have a job, there are some benefits given to residents of Canada if their income is below some level - like Child tax benefit - this is so that atleast they get money to survive! Therefore, to get that money you have to tell them you do not have any earning.
c) One might not have a job - but he can have business or investments which produce earnings. The persons are taxed not only on earnings from jobs but from other sources too - like business, rent income etc. etc. etc.

Hope you understand what I am saying!

Chandresh

-----------------------------------------------------------------
Chandresh

Advice is free – lessons I charge for!!

Praveen
Member since: Dec 03

Posts: 74
Location: Toronto
Post ID: #PID

Posted on: 26-04-05 01:06:17

BIG THANK DEAR!!!!!!!!!!!

Mrs.Praveen

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