just a quick tax question
Aug 18th 2008, 10:03 pm
#1
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Joined: Jul 2006
Posts: 237
just a quick tax question
hi...if you are employed by company does tax get taken at source...and i so do you still have to complete a tax return.....cheers.
Aug 18th 2008, 10:08 pm
#2
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Joined: Aug 2007
Location: New Caledonia
Posts: 1,810
Re: just a quick tax question
Employment is taxed based on your personal tax credits applied for. Income from other sources may not be taxed and could affect your marginal rate. After you file your return, declaring all world income, you may find you owe some tax or have some to come back. There seems to be some euphoria about getting a tax refund, cannot imagine why getting your own money back after lending it tax free to the government is so exciting. Also, if you are claiming certain benefits, such as child tax credit, you cannot get this until your return is filed. Everyone has to file a return, employed, the deadline is 4/30, self employed 6/15, although any tax due has to be paid by 4/30 to avoid interest and possible penalties.
Last edited by Surrey Expat; Aug 18th 2008 at 10:13 pm.
Aug 18th 2008, 10:57 pm
#3
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Joined: Jul 2006
Posts: 237
Re: just a quick tax question
Yes and yes
Employment is taxed based on your personal tax credits applied for. Income from other sources may not be taxed and could affect your marginal rate. After you file your return, declaring all world income, you may find you owe some tax or have some to come back. There seems to be some euphoria about getting a tax refund, cannot imagine why getting your own money back after lending it tax free to the government is so exciting. Also, if you are claiming certain benefits, such as child tax credit, you cannot get this until your return is filed. Everyone has to file a return, employed, the deadline is 4/30, self employed 6/15, although any tax due has to be paid by 4/30 to avoid interest and possible penalties.
Employment is taxed based on your personal tax credits applied for. Income from other sources may not be taxed and could affect your marginal rate. After you file your return, declaring all world income, you may find you owe some tax or have some to come back. There seems to be some euphoria about getting a tax refund, cannot imagine why getting your own money back after lending it tax free to the government is so exciting. Also, if you are claiming certain benefits, such as child tax credit, you cannot get this until your return is filed. Everyone has to file a return, employed, the deadline is 4/30, self employed 6/15, although any tax due has to be paid by 4/30 to avoid interest and possible penalties.
Aug 19th 2008, 12:39 am
#5
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Location: Moncton, NB, CANADA
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Aug 19th 2008, 6:19 pm
#7
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Joined: Jul 2008
Posts: 156
Re: just a quick tax question
Talking about taxes, if OH works abroad and the family is based in Canada, how is he going to declare his taxes
Aug 19th 2008, 7:35 pm
#9
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Joined: Jul 2007
Location: White Rock BC
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