canada tax filling

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kris1760

Registered Users (C)
Hi!

what are the forms to file for canada tax returns for the year2003.Can they be sent directly to canada from other country.

regards
 
Hi!

For people who have not earned any income in canada and away from the country, what is the tax form to be filled in
 
no w2

Hi!

I do not a w2 statement.I am not working either india or canada.But want to file canada tax return with no income any where.How to file.
thanks
 
When you file taxes as a resident you have to show your world income , otherwise you can file as a non - resident and show 0 $ income but it will not help you in residency or citizenship .
 
As a Landed Immigrant of Canada, you are liable to pay taxes to CCRA on your world wide income. You will use form T1to file your Canadain Federal Return and the appropriate provincial form to file your provincial returns.

Here is the link to CCRA to download the forms:

http://www.ccra-adrc.gc.ca/menu-e.html

Technically if you are not living in Canada, and do not have any ties to Canada (bank account, credit cards, health card, real estate, family) then you do not have to file your Canadian Returns. Keep in mind that this could/will jepordize your Application for Canadian citizenship. As of now, I don't think you will have to prove that you have paid Canadian taxes when you file your Citizenship application.

If you decide to file your Canadian Taxes here is the calculation to determine your Canadian Income.

US GROSS INCOME+Dividents+Intrest Income * $1.4014 = YOUR CANADIAN INCOME

Why $1.4014? This is what CCRA uses. CCRA uses the Annual Average exchange rates published by Bank of Canada.

http://www.bank-banque-canada.ca/pdf/nraa03.pdf.

You basically Calculate your Canadian Taxes and deduct the following: (the below info should be used from your 1040 and the appropriate state/city returns you filed. You cannot use the witheld amounts from your W2. You will have to use the amount you owed on 1040)

Federal Income Tax Paid+State Income Tax Paid+SSA and Medicare Taxes * 1.4014 = Foreign Tax Credits!!

Here is the link to the Tax Treaty agreement which states you can deduct your paid Social Security Taxes (look up Article XXIV)

http://www.fin.gc.ca/treaties/USA_e.html

Also keep in mind that once you take the Foreign Tax credit on your Federal Return, you cannot take this amount again on your Provincial Return.

Good Luck!!
 
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Vault

What Tax acct . do you go to . I am looking to change my Tax acct . Please let me know if you have a good one for Cross Border Taxation

Thanks
 
bhand11683,

I don't go to an accountant to file my returns. I do it on my own. In my opinion It's pretty straight forward calculation, since I don't have any real estate income :).
 
e-filling

Good information on ca tax .. thanks vault :)

Did anyone here file CA tax from US electronially (efile, netfile) or is it possible ? what are the complications involved ?

Vault,
do you remember roughly what is the tax rate for cdn 70k-80k (converted us income) ? or is there any wbsite where those rates can be found ?

thank you
 
I guess i posted last year on this matter. I contacted the revenue department and they told me if you lived in canada a period of time then ur liable to pay the taxes. if you dont have income in canada then you are not obligated to pay any taxes.

Remeber your income is fully taxable if u file any forms. Better first call them and file the taxes. most of the people are landed immigrants they are not required to pay taxes. But if ur Canadian citizen u have to file tax returns. As per the reveneue department if u file tax one time u have file the returns every year. So be careful before you do so

THANKS
 
Let me correct you here

Canada Taxes on residency and not on Income . If you live or claim residency of canada you have to pay taxes to canada whether you have income in canada or not . You have to pay taxes on your "world" income .

Does not matter if you are a citizen , PR or not
 
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