Canada Tax

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Related Canada Tax Questions
I would like advise regarding RRSP contribution at age 71. I
I would like advise regarding RRSP contribution at age 71. I have read an article about making an excess contribution in Dec of the year one turns 71 if I have earned enough in 2022 to generate RRSP c… read more
Yaw, CPA
Yaw, CPA
7,494 satisfied customers
I have over contributed in my rrsp by 24500$ inn2022. My
Hello. I have over contributed in my rrsp by 24500$ inn2022. My salary this year is 123000$. I'm paying into a teachers pension fund until June of this year. I am retiring after June of this year. My … read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
1,473 satisfied customers
I overcontributed to my RRSP by a large margin. I want to
I overcontributed to my RRSP by a large margin. I want to know whether I should just pay the penalty, or withdraw the funds. … read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
1,473 satisfied customers
I'm looking for someone to help me estimate my taxes for
I'm looking for someone to help me estimate my taxes for 2022 … read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
1,473 satisfied customers
I have incorporated my business. In 2022 I have maxed my
I have incorporated my business. In 2022 I have maxed my RRSP contribution with money taken out of my corp, so I took money out of my corp to put into my personal RRSP's but just came across this and … read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
1,473 satisfied customers
Hopefully it's an easy question! I have unlocked my lira and
Hi Pearl, hopefully it's an easy question! I have unlocked my lira and half went into an RRSP, I have received a contribution receipt but I don't know where to claim it on my taxes … read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
1,473 satisfied customers
On my 2020 tax assessment I have $39,800 available
Good morning, On my 2020 tax assessment I have $39,800 available contribution room for 2021. I earned 90,000 in 2021. Can I contribute 39,800 + up to 18% of 2021 income without penalty? … read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
1,473 satisfied customers
I'm looking for advice on possibly spreading my RRSP
Hi I'm looking for advice on possibly spreading my RRSP contributions to gain the best tax advantage. Some information, my RRSP deduction limit for 2021 is $43,094. This year I will have about $3,725 … read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
1,473 satisfied customers
Need advice I paid 3000dollars for my 2020 taxes. wondering
need advice I paid 3000dollars for my 2020 taxes. wondering what to do not to pay a lot of taxes? … read more
Yaw, CPA
Yaw, CPA
7,494 satisfied customers
Can somebody advise me on Canadian RRSP contribution limits
Can somebody advise me on Canadian RRSP contribution limits for 2020? I am the employer and we have an employee with excess contributions last year. What is the process for refunding the employee and … read more
Jeffrey Horning
Jeffrey Horning
Senior Information Technology Auditor
Master of Business Administration (MBA)
653 satisfied customers
I over contributed to my RRSP for 2020. I have the form from
I have the form from my financial advisor "refund of excess contribution" now what do I do with the form?… read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
1,473 satisfied customers
I have a general question, If I have started repaying my
I have a general question, If I have started repaying my RRSP which I took out 2 years ago through First time home buyer plan, How will that repayment be considered? whether as deduction against total… read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
1,473 satisfied customers
I have two questions, can I claim my group RSP deduction in
Hi I have two questions, can I claim my group RSP deduction in my return both my contribution and the employers? The second question, can I claim dental fees for an implant that I paid in installment?… read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
1,473 satisfied customers
Am I speaking to a computer or a human>? Toronto. 33 no
Hello am I speaking to a computer or a human>? JA: Hi there. Where are you currently located? Customer: toronto JA: How old are you? Do you have any dependents, or people who are financially suppor… read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
1,473 satisfied customers
I have a Canadian tax question. Alberta canada. 31 no
im not sure what typical filing status means, and yes I made approx 97l 97K … read more
Arthur Rubin
Arthur Rubin
Tax Preparer
Doctoral Degree
63 satisfied customers
My accountant e filed tax return for 2016 on last October. I
My accountant e filed tax return for 2016 on last October. I showed my income from self employment around $10,000 by mistake. Actually my income was 0 and I was non resident of Canada and stayed only … read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
1,473 satisfied customers
About tax reduction in BC Canada. Not yet. I recently
about tax reduction in BC Canada JA: Have you talked to a tax professional about this? Customer: not yet JA: Anything else you want the Accountant to know before I connect you? Customer: I recently di… read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
1,473 satisfied customers
I have disbursed my 401k from the US and have "rolled" this
I have disbursed my 401k from the US and have "rolled" this directly into a RRSP? I have subsequently withdraw from the RRSP. However the CRA is deeming both amounts as being income. I have a problem … read more
Legal Ease
Legal Ease
Lawyer
Doctoral Degree
168,124 satisfied customers
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