Canada Tax

Canada tax questions answered by Experts

Connect one-on-one with {0} who will answer your question

Related Canada Tax Questions
Transferring my HOOPP to different pension plans. I have
Transferring my HOOPP to different pension plans.I have been working as a nurse in an Ontario private hospital for 10 years, I want to transfer my pension to different plan, what are the available pen… read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
738 satisfied customers
My wife and I have a corporation. We decided to sell this
my wife and I have a corporation. We decided to sell this cooperation and have some TAX concerns.I have a question need Tax expert's advice and tell me whether my planning is correct or not?I am plann… read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
738 satisfied customers
I would like to apply an unused RRSP to this year's return.
I would like to apply an unused RRSP to this year's return. … read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
738 satisfied customers
My current RRSP limit is $18k, Should I use it for a first
My current RRSP limit is $18k, Should I use it for a first time home buyers plan or should I use it in future to get full $35k limit utilization?… read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
738 satisfied customers
What is the tax penalty for cashing out my company pension
What is the tax penalty for cashing out my company pension early, as I have quit that job?… read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
738 satisfied customers
At what age/when can I pull out my RSP money without
At what age/when can I pull out my RSP money without penalty, and what would the penalty otherwise be? I am Canad***** *****ving in Ontario.… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
20,995 satisfied customers
I want to withdraw all of my private pension fund at
I want to withdraw all of my private pension fund at retirement and want to know how I can minimize tax payable on the funds. … read more
Rama-CPA
Rama-CPA
President
Bachelor's Degree
1,525 satisfied customers
Canadian citizen living in US for 21 years (green card since
Canadian citizen living in US for 21 years (green card since about 2004). I have a RRSP in Canada that still has funds in it but I would like to convert it to a US SEP IRA that I already have. I'm wor… read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
738 satisfied customers
1) Would severance package get income tax deducted before it
1) Would severance package get income tax deducted before it get deposited to my bank account? I am in 26% tax bracket, if so, I would have 74% or less to my account? 2) What else could be deducted fr… read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
738 satisfied customers
I have just been released from my employment and am
I have just been released from my employment and am expecting a sizeable ex-gratia lump payment. I want to minimize tax implications of this … read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
738 satisfied customers
Regarding non-resident tax withheld. Worked in Alberta years
Hello, regarding non-resident tax withheld. Worked in Alberta years ago and had an RRSP account. Cashed it in 2018. … read more
Robin D.
Robin D.
Vocational, Technical or Trade School
23,789 satisfied customers
2015 my husband had to cash in a rrsp for approx.$13000.00
2015 my husband had to cash in a rrsp for approx.$13000.00 and of course around $2600.00 was taken for tax but when I did his 2016 he owes $2400.00 but as soon as I enter this RRSP as income it adds a… read more
Tax.Appeal.168
Tax.Appeal.168
Accountant
9,467 satisfied customers
I am a UK Citizen and resident, and have recently moved back
I am a UK Citizen and resident, and have recently moved back to the UK from Canada where I was living and working for just over 2 years. While in Canada I worked for a Canadian firm and saved up a sum… read more
Legal Ease
Legal Ease
Lawyer
Doctoral Degree
301 satisfied customers
My daughter was born in Canada and is now living and working
My daughter was born in Canada and is now living and working in the UK. She has left her investment in Canada. I would like to know what are the tax implications when she cashes in her RRSP? I underst… read more
Legal Ease
Legal Ease
Lawyer
Doctoral Degree
301 satisfied customers
My wife's RRSP deduction limit said there was a 16,975 of
My wife's RRSP deduction limit said there was a 16,975 of unused RRSP contributions available to 2015. I just realized we have over contributed to her RRSP for 2015 by 11,200 (forgot about employee ma… read more
Robin D.
Robin D.
Vocational, Technical or Trade School
23,789 satisfied customers
I am financial adviser and I have a client who withdrew 48k
I am financial adviser and I have a client who withdrew 48k out of their RRSP in August. They want to put thw monies back in however they don't have the contribution room to add the 48k back. Someone … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,334 satisfied customers
I understand that there are ways on leaving employment to transfer
I understand that there are ways on leaving employment to transfer the present value of one's pension into a locked-in RRSP if one wishes. I'm thinking of leaving government employment in a couple yea… read more
Robin D.
Robin D.
Vocational, Technical or Trade School
23,789 satisfied customers
I am a CDN citizen living in the US. I have more than $25k
I am a CDN citizen living in the US. I have more than $25k of foreign tax credits accumulated. Is it a good time to start cashing my CDN RRSPs if the tax credits can be applied towards any taxes I wou… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,334 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Arthur Rubin

Arthur Rubin

Tax Preparer

62 satisfied customers

Tax preparer with 23 years experience, including US/Canada tax returns.

AndrewD914

AndrewD914

CPA, CA, CFA

738 satisfied customers

Expert

Legal Ease

Legal Ease

Lawyer

301 satisfied customers

Lawyer

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,338 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

6,056 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

876 satisfied customers

B.A., M.B.A, J.D.

< Previous | Next >

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x