You may need to use IRS Form 4137 to calculate any additional tax you may owe on unreported tip income.
You may be considered a non-resident for tax purposes if you don't have significant residential ties in Canada, live outside Canada throughout the tax year, and stay in Canada for less than 183 days in the tax year. As anon-resident of Canada, you pay tax on income from sources in C...
Canadian taxpayers may have to pay income tax in instalments. Income earned through self-employment, rental property, investments, certain pensions, and multiple jobs can lead to this situation. What is tax withheld? Tax withheld is an amount an employer or payer withholds from a salary or pay...
If you owe Canada Revenue Agency but don’t have the ability to pay the balance all at once, you may be able to arrange a payment plan with them. For this, you will need to contact your nearest Canada Revenue Agency office and explain your circumstance. It is completely up to the Cana...
Where you send your child to school is often a personal choice. If you choose private K-12 schooling, some federal tax benefits can help to reduce your cost.
Secondly, you need to pay attention to the tuition fees and cost of living in Canada. Tuition ...
What taxes do the self-employed pay? If you're self-employed, the same income tax rates apply to you as to other types of workers. You are entitled to certain deductions, however, that salaried employees can't make. You can find federal and provincial personal income tax rates in the CR...
Put us on the front page, gave us two email shout outs, gave us a discount in the fees that we had to pay them, but we had no choice. We were only going to go with Indiegogo, but we tried to leverage as much as we can get, and then we got it. Thankfully they didn’t ...
TRACY BYRNES: So you have six months if indeed you need to extend your tax return. As always know the money is due even though the return can be extended, right? LISA GREENE-LEWIS: Right. Right. Extension is not an extension to pay. It's just an extension to file. ...
A currency dealer in Canada might quote a rate of EUR 1 = CAD 1.4000 / 1.4800, which means that you would pay 1.48 Canadian dollars to buy one euro and would receive 1.40 Canadian dollars if you sold one euro. The calculation would be different if both currencies were quoted in direct ...