Money Snatchers

Mel asked: 3 weeks ago, I sent my GST tax return form and 2006 T1 adj form with necessary forms to the address that CRA gave me. I haven’t heard anything about my tax return from the CRA. I can’t access my account on the website. I’m just curious because this is the first time [...]

remembranze asked: When filing an income tax return, do I need to include insurance refund from auto accident? My car was total loss. My insurance pay off my loan for the car and gave me back $6000 after the payoff. Do I need to report this when filing my income tax return?

bi asked: My friend is a Canadian working in company. His wife, who is yet to become a permanent resident, is working in USA on work-visa. Do my friend need to file income tax return, for his wife, in Canada? Will he recieve any tax benefit due to having family? Please let me have a [...]

matt h asked: I understand a little about this so called “package” Mr. Bush speaks of. There are talks of a refund near the end of the second quarter; but will this affect my income tax return at all?

Julia asked: We have a daughter with disabilities and have many many medical bills. Consequently, my student loan is in default. My husband has not student loans. I was wondering if my husband and I file tax together will the government take our income tax return?

sydney_sunday asked: I am 20 years old and I still live at home with my parents and they also pay for my college. What is the income amount that does not require me to file an income tax return? If I made $14,000 that year, would I need to file an income tax return?

crm_dvd9 asked: If a U.S. corporation has business income in Canada, what gets reported on the tax return as far as income on schedule 1, line 1? Is it total income (from U.S. and Canada) or is it just Canada income?

Chu K asked: I am an USA citizen (California resident). I moved to Taiwan 10 years ago to teach English. In the past 10 years, I file tax return in Taiwan, but I thought I don’t need to file tax return in USA and California. I earn approx. US$30,000 every year. Now I am applying [...]

depreciation asked: I have to prepair this for my tax class and I have some trouble with the calculations. for example line 13 asks for wages. I have been given the wages for the employees, but i looked at a project done by someone last semester and they have a different #, but [...]

Busy Chris asked: I incorporated my business in Canada earlier this year, but never had the time to do anything with it. I haven’t made any money for it or started advertising or anything. A friend of mine said that I don’t have to file a return for my corporation until I make my first [...]