Like Sharbit said, there will be a 30% withholding tax on your 25k, but your effective taxation will be established at the end of the year based on your total annual income. It might not make sense...
Type: Posts; User: balexis
Like Sharbit said, there will be a 30% withholding tax on your 25k, but your effective taxation will be established at the end of the year based on your total annual income. It might not make sense...
It is unclear if you are being paid with shares, stock options or both. I doubt these two are treated the same way by the CRA.
Some useful links about stock option taxation: ...
Someone with a good credit rating may turn out to be a bad tenant and vice verca.
Someone with good references may turn out to be a bad tenant and vice verca.
But it's being asked nonetheless more...
If his "father" is not legally his father, how can that be non-arms-length? Methinks OP should give some precisions about this "situation"...
Two areas you should ask your accountant:
- Deductability: some expenses are current expense (fully deductible in the year they incurred) and capital expense (increases the base acquisition cost of...
Got it, thanks for the reply!
Here is a question I've had for a while now. In the following scenario, is the withdrawal attributed to the contributor or to the spouse?
Jan 1st 2000: contributor makes an initial deposit of 10...
Even if he enters and finds illegal activity, what would be the next step? take pictures? send the cops? I doubt that this in and of itself will help speed up the eviction.
How can this be non-taxable, it is a direct benefit payed by the employer to the employee, no?
At work our health spending account is a fix amount of money for paramedical services (massages, chiro, physio, etc). It can also be used to pay for drug insurance copays. The HSA is managed by the...
Basically: you track all the HST paid on goods purchased (A) and all the HST you apply on every sale (B). If A - B > 0$, you made a loss and will claim an HST credit of the amount of (A - B)$. If A -...
You do not seem to have an HST account with the CRA. This means that the HST you paid on our purchases is not refundable and must be included into your acquisition cost. To be eligible to claim HST...
Indeed, the funds coming from the employer can be subject to such restrictions. This is usually implemented when the group plan is setup. In RBC's case, it was totally up to the employer to decide on...
At work we have RBC, which is extremely flexible. Employees can get into regular MF (including low-mer index funds) but also do direct stock trading. (I'm not affiliated with RBC btw).
petulantfem: Don't be embarrassed to share here. TRM's comments are very frequently the same and mostly do not show any kind of consideration for poster's life circumstances. Drastic quotes such as...