First time filing tax return and need help (Canada)?
I’m a first year university student and I worked part time last year. I’ve received a couple T-4s (job, scholarships, etc) and now I’m lost. I’ve looked at the Canada Revenue Agency website and it’s very confusing. Can anyone tell me the steps to filling out my tax return and sending it to the government? I live in BC.The tutorial on the CRA website is pretty helpful, if you do the WHOLE thing. http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/lrn-tx/menu-eng.html Also this is the relevant in rank for university students: http://www.cra-arc.gc.ca/tx/ndvdls/sgmnts/stdnts/menu-eng.html
The British Columbia forms are available at this link: http://www.cra-arc.gc.ca/formspubs/t1gnrl/bc-eng.html At the very least, you’ll need the following forms: T1 General Schedule 1 BC428 BC479 Schedule 11 Schedule BC(S11) The directions are in the General Guide. Write in your vital in rank on the first page, and check yes for the GST credit if you wil lbe 19 before April of 2010. Make sure you sign at the bottom of the fourth page. If you have a T2202A slip that shows a full time or part time education amount, you do not have to report your erudition anywhere on your return. Your employment income is reported at line 101. CPP donations are at line 308 on Schedule 1, and EI at line 312. There are corresponding lines on the BC428. Your income tax withheld goes at line 437 on the general form. Complete Schedule 11 and Schedule BC(S11) to report the tuition and education amounts. Fully complete both the forms, and claim the tuition on each of them. If your income is less than $ 18,750, complete BC479 to claim the sales tax credit. There are other forms you might need, but you should be able to make a excellent start with these ones. Make sure you carefully read the directions at every line on the schedules.
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U.S. Student worked in Canada Tax Question?
My son is a U.S. resident college student that worked over the summer in Canada (he has dual U.S. and Canadian citizenship). He earned roughly $ 4k and paid tax in Canada of approx. $ 150.00. Will he have to pay any further tax in the U.S. on this? Also, I would reckon that he has to file a Canadian return as well and would probably get it all refunded to him. Any help on these questions would be greatly appreciated.yes, he also has to file a US return since he is a US resident. on the US return, he will receive a credit for the amount of tax really owed to Canada — the line for this is near the bottom of Form 1040. [if the tax owed to Canada is zero, he gets a credit for zero.] the credit is limited to not more than the amount of tax on the income if it had been received in the US. In effect, this credit mechanism makes sure that people who file returns in both nations end up paying the larger of the two tax bills.
If i worked full time for 6 months, and then became a student last minutes, how do I file my return?
IN CANADA!!!!!!!!!!! If i worked full time for 6 months, and then became a student last minutes, how do I file my return? I was laid off in June, and now am attending a local college funded by the federal government; meaning my tuition is paid for me. When I file my income tax return, should I file as a student? (which I will still be at the time) or do I file regularly because I have worked full time?There is no such thing as filing “as student”. You complete a regular T1 tax return, and, if you qualify, claim the benefits afforded to students here: http://www.cra-arc.gc.ca/tx/ndvdls/sgmnts/stdnts/ddctns-eng.html You declare all your income for the year.
Can I claim all of my non-refundable credits when filing my 2008 income tax return in 2009? ?
Hello I was feeling so overwhelmed when I read a lot of topics that regards to filing Canadian income tax return. I came here in US last July 2008 as a visitor and got married suddenly without any plot at all. Right now, I’m adjusting my status and it’s still pending in USCIS. I worked in Canada from January 2008 to July 2008. Since I came here in US, I have zero US income. Based on the directions and determination of my residency, I’m a resident of Canada for tax purposes because I accumulated 201 days in Canada. All of my income is 100 % from Canada and 0 US income. When filing 2008 income tax return may I claim all of my non-refundable federal tax for 2008 as long as I’m going to write a statement that I want to claim them all? How about my non-refundable federal tax from previous years may I claim them all as well. I was a college student in Canada from August 2006 to May 2008. Most of my non-refundable federal tax was coming from my tuition when I was in college. When I filed my 2007 income tax return my non-refundable federal tax was about $ 7,000.00 Canadian. Can I claim them all? What do I do…if I can claim them all it’s really a huge help for us since today’s economy is getting poor. Do you have any inputs if how I can do this? Thank you so much in advance. Have a fantastic and safe holidays to all of us!!! Advance Merry Christmas and Pleased New Year!If you have no US income for 2008, there is no reason to file a US tax return – as for “non refundable tax” – is it canadian tax? – that also would have nothing to do with us tax returns I thin you wife would have to file as married – separate for 2008 – you were married less than 6 months, so she can’t claim you as a spouse or dependent because she provided less than 50% of your support for the year
Doctor Deth apparently didn’t read the first line of your question. Because of all your prior year issues, I would strongly suggest you contact an accountant who specializes in trans-border issues. You seem to be confused regarding ‘non refundable credits’ and Federal tax owing, and you need a excellent accountant to straighten it all out for you.
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