Providing the loan is put towards a taxable investment account, the interest is tax-deductible by the lower-income spouse, and the investments will face lower taxation. The higher income spouse would need to report the interest income when filing taxes. How much is the interest on a spousal...
May 1, 2023:The tax return filing due date is normally April 30, but since it falls on a Sunday, your return will be considered filed on time if received on or before May 1, 2023. June 15, 2023:This is the last day to file your 2022 tax return if you or your spouse or common...
In addition there is a new top marginal tax rate of 33% for income exceeding CAD 200,000. Canada Annual Tax Return Filing April 2013 The Canada Revenue Agency, CRA, reminds Canadians to file their annual 2012 return till April 30, 2013. For self-employed taxpayers the deadline filing dat...
Income Tax Return (1040). Conveniently located in down town Kitchener, ON, Canada US Taxes 2023 US tax filing season starts Jan. 23. Get ready U.S. citizens, Green card holders or residents are taxed on their worldwide income from all sources, both inside and outside of the United ...
US taxes on foreign incomeFiling taxes in CanadaTax planningAs the business world continues to expand globally, the U.S. and Canada remain great allies and trade partners. The Canadian market is an obvious avenue for expansion of U.S. companies, providing opportunities for U.S. executives to...
To help try to make things a little bit easier for you, here are a few things to be aware of about filing your personal income tax return in Canada. New to filing a Canadian personal income tax returnLearn more The Canadian tax filing checklist ...
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U.S. Tax Day for Individuals Extended to May 17 March 22, 2021 The IRShas announcedthat the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended to May 17, 2021, and that individual taxpayers can postpone federal income tax payments for the...
Are you working in the gig economy to earn some extra income? Learn what you need to know about filing taxes for your side hustle!
Canada Revenue Agencyrecently revealedtax tips for students, including tax credits, deductions, free tax clinics and more. Whether you're filingCanada taxesfor the first time now that you're attending post-secondary school or have submittedtax returnsbefore and have questions, here's what you need...