Hiring a spouse, child or other relative allows you to benefit in two ways: for 2023, the first $15,000 of a family member’s employment is tax-free (the“basic personal amount”opens in a new tab), and their salaries count as atax deduction for your businessopens in a...
In the case of Radonjic v. Canada Revenue Agency[5], a Coquitlam, B.C., poker player sought to overturn a CRA decision that he was not entitled to a refund of the taxes he paid on his winnings over a period of several years. The court sided with Mr. Radonjic, finding that he didn...
Canadian tax law requires a SIN for accounts that generate interest, since the bank must report these earnings to the Canadian Revenue Agency or the CRA. Visitors are eligible to open non-interest-bearing accounts without a Social Insurance Number or SIN. Most basic chequing accounts fall into t...
Thanks for your question. Yes, this also applies to to provincial tax credits for most provinces. Line 300 on Schedule 1 is for the Federal Basic Personal Amount. See form 428 for the provincial equivalent. Poutanen December 2, 2016 at 7:45 pm “Question : can a non resident, non...
up from the prior rate of 50 per cent. It would result in an increased tax bill on capital gains for some sellers. …Groom speculated that if she was working for the buyer, she’d put in an offer for a certain amount, closing prior to the June 25 date when the capital gains tax ...
The payroll process can be a hassle. It’s filled with time-consuming tasks, lots of legislation and rules, remittances to the Canada Revenue Agency (CRA) — and all just to ensure the amazing people that make up your workforcereceive their pay cheques. ...
The ante bet is a fixed amount of money you place before the game starts. If you lose, you pay back the ante plus any additional bets you made during the game. A call bet is a bet you make after seeing your first three cards. If you win, you collect the ante plus all of your ...
The minimum withdrawal amount can be up to $30, which ideally should be lowered to $10 or less. And while we’re at it, it would be great if the bonus wagering requirements improved – a 40x playthrough rate is pretty high. Even if it’s not the highest, it can be in...
www.hrsdc.gc.ca Canada Revenue Agency (CRA) For information on: • Personal income tax: 1-800-959-8281 • Canada Child Tax Benefit: 1-800-387-1193 • GST/HST credit: call toll-free 1-800-959-1953 www.cra-arc.gc.ca Canada Pension Plan (CPP) For information on Retirement ...
given to new players without requiring them to make a deposit. It’s a great way to try out the best online gambling sites Canada and its games risk-free. No deposit bonuses are usually smaller than welcome bonuses and may come in the form of free spins or a small amount of bonus ...