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Do I Have To Pay Income Tax For The Online Making Money Sites......? |
Question by sweetpie65 | Posted in Canada
Hi, I toil on this site called http://www.slicethepie.com/Default.aspx and when I reach to 3 stars and above I get true money to review songs.I just sign up about a month ago and it took divide of work to reach above 2 stars.My goal is to reach 5 stars,get pay 0.1 GBP per examine and do 200 reviews per day.200 reviews per day will give me over 10,000 CAD in a year.So I wanted to certain if i'll get in trouble if I don't report my money to the canada income tax ?.The slicemypie site doesn't have my
Answer: If you are a Canadian dwelling, you are required to report and pay tax on your worldwide income. The income you mentioned in your question would fall into the category of self job income.
You can choose to take your chances and not report the income and there is a possibility that the tax department will never find out but you should know that in doing so you are committing gangster tax evasion, for which there are serious penalties, possibly including imprisonment.
As |
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What Tax Form Do You Need To Claim Your Spouse's Who Is Non-canadian Income? |
Question by 232424 | Posted in Canada
What tax form do you neediness in Canada is your spouse in non-Canadian and you want to file their income?
please a link or tax form number
Answer: If your spouse if a Canadian staying for tax purposes, in other words living and/or working here, their citizenship does not matter.
If that is the encase, they need to file (not you, everyone files separately here) a standard T1-general, plus whatever other forms are needed for their state of affairs.
You can pick up a tax package at any post office or many other government offices. |
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Do I Count My American Spouses Income On My Tax Return? |
Question by Gretchen Gos | Posted in Canada
I was married in August of 2008, I am currently living in the US but for tax purposes I am still considered a residing of Canada. I am filing my income tax for Canada. My spouse is American, is his income considered taxable in Canada? If no, how do I indicate that on my tax form?
| Answer: Your spouses income is not taxable in Canada if he is a US denizen who lives in the US. It is only included on your tax form for the purposes of certain credits, and since you are not physically resident in Canada, you don't modify anyway. |
Related Topics:
Excise Tax Return
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How Do I File My Canadian Income On U.S Tax Form? |
Question by yunutt | Posted in United States
I am a U.S. freeman who purchased a sm motel in Ontario in Oct. 2005. I HAD to incorporate it to get the loan in Canda for the problem. Corporation registered in Canada. I am 80%, my brother 20%. He does not partipate in the firm. Its all my money in the investment and my sweat. My accountant in Canada will be filing Corporate taxes in Canada. I took a big disappearance (more out than in) in the fiscal year fixing the place up. How do I report this income/loss on my U.S. taxes? I am living
Answer: The momentous thing to note is that even though you are a US citizen your corporation is a Canadian Citizen. Corporations are also by law a split up entity from their owner and pays their own taxes. You will not be able to deduct any cooperate wastage on your personal tax return. Depending on the tax laws of Canada you may be able to carry that loss advance to the next year and write off income.
The only way owning the corporation will affect your US tax return is by paying you |
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Pay Excise Tax
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Is It Illegal To Declare You Earn $0 On Your US Tax Form If You Earn $100,000 In Canada? |
Question by Montauk | Posted in United States
Canada and the US have some classify of tax agreement so does it mean you don't have to declard Canadian income on your US tax return? If you pay tax in Canada is that good enough? Or is it outlawed to declare $0 on the US tax return?
Answer: you still have to data in America if you live in America or are an American and have lived outside the Us for less than three years.
of performance, you also have to file in Canada.
what happens is that the income taxes you pay in Canada are allowed as a credit [maybe all, maybe part] against the US taxes that would be due.
the offset of tax due, if any, you have to pay to the US.
State and provincial returns may also be required. |
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