Do I even need to send a tax return?!
#1
I thought the answer to this was yes, but someone was telling me otherwise the other day and I would really like to check.
I did a little bit of contracted research let year, with my invoices paid by cheque.
I invoiced for $2730.10 and received $1620 of that in 2013, the rest in January 2014.
This person was telling me that if I made under the taxable amount in 2013, that I would not need to send a return as tax would not be owed on this amount anyway.
Sorry, I know its tax question season, but I can't seem to find an answer to this on the Canada Gov websites.
I did a little bit of contracted research let year, with my invoices paid by cheque.
I invoiced for $2730.10 and received $1620 of that in 2013, the rest in January 2014.
This person was telling me that if I made under the taxable amount in 2013, that I would not need to send a return as tax would not be owed on this amount anyway.
Sorry, I know its tax question season, but I can't seem to find an answer to this on the Canada Gov websites.
#2
Binned by Muderators










Joined: Jul 2007
Posts: 11,708
From: White Rock BC











I thought the answer to this was yes, but someone was telling me otherwise the other day and I would really like to check.
I did a little bit of contracted research let year, with my invoices paid by cheque.
I invoiced for $2730.10 and received $1620 of that in 2013, the rest in January 2014.
This person was telling me that if I made under the taxable amount in 2013, that I would not need to send a return as tax would not be owed on this amount anyway.
Sorry, I know its tax question season, but I can't seem to find an answer to this on the Canada Gov websites.
I did a little bit of contracted research let year, with my invoices paid by cheque.
I invoiced for $2730.10 and received $1620 of that in 2013, the rest in January 2014.
This person was telling me that if I made under the taxable amount in 2013, that I would not need to send a return as tax would not be owed on this amount anyway.
Sorry, I know its tax question season, but I can't seem to find an answer to this on the Canada Gov websites.
You don't HAVE to file a tax return if you don't owe tax. It is a good idea to do so however. It gets you into the system (your first return can take months to process), it makes you eligible for some benefits, it helps prove your residence.
#3
JonBoyE
Thank you so much. If my husband wants to claim back on the personal allowance I didn't use up, can he do that at all? And can he do that without my doing a return?
I suppose I might as well do one if it helps, although we are moving back to London this summer! Its not like it'll cost me anything to do it.
Makes me realize how easy I had it with HMRC's PAYE system (even though you had to make sure they weren't messing it up!)
Thank you so much. If my husband wants to claim back on the personal allowance I didn't use up, can he do that at all? And can he do that without my doing a return?
I suppose I might as well do one if it helps, although we are moving back to London this summer! Its not like it'll cost me anything to do it.
Makes me realize how easy I had it with HMRC's PAYE system (even though you had to make sure they weren't messing it up!)
#5
Yeah I agree, file a return, do it on paper, helps you get the hang of it. The longer you're in Canada the more complicated it will get so better to start off with an easy one.
#6
In the year we arrived we had no clue as to filing a tax return so we asked and was advised as you have been advised here - File a return to get in the system
We arrived 13 Dec 2007 and for the 2007 tax return 18 days in the country we were very impressed to receive $400 refund !!
We arrived 13 Dec 2007 and for the 2007 tax return 18 days in the country we were very impressed to receive $400 refund !!
#7
Well that was a nice surprise! I shall fill one out and just hope they don't ask for any money - because I 'May' have already spent it
#9
Yeah we got a tax rebate in our first year here too, despite neither of us working. I think its the property tax bit of your rent . only applicable to low (or zero) incomes
#10
Oops, sorry I didn't realize there had been more replies. These tax rebates sound fun - though we only missed January last year so I imagine we won't be owed anything/very much.
Because I'm a bit stupid, it turns out that I was paid as an independent contractor so need to file my return as such. As if I need more to complicate things! I don't think it matters so much for 2013. But for 2014 my earnings will exceed $3500 (though I'll only be here til late June) and it looks like I'll have to pay 9.9% CPP!!!! YIKES!
Because I'm a bit stupid, it turns out that I was paid as an independent contractor so need to file my return as such. As if I need more to complicate things! I don't think it matters so much for 2013. But for 2014 my earnings will exceed $3500 (though I'll only be here til late June) and it looks like I'll have to pay 9.9% CPP!!!! YIKES!
#11
Banned










Joined: Apr 2009
Posts: 19,878
From: SW Ontario











Oops, sorry I didn't realize there had been more replies. These tax rebates sound fun - though we only missed January last year so I imagine we won't be owed anything/very much.
Because I'm a bit stupid, it turns out that I was paid as an independent contractor so need to file my return as such. As if I need more to complicate things! I don't think it matters so much for 2013. But for 2014 my earnings will exceed $3500 (though I'll only be here til late June) and it looks like I'll have to pay 9.9% CPP!!!! YIKES!
Because I'm a bit stupid, it turns out that I was paid as an independent contractor so need to file my return as such. As if I need more to complicate things! I don't think it matters so much for 2013. But for 2014 my earnings will exceed $3500 (though I'll only be here til late June) and it looks like I'll have to pay 9.9% CPP!!!! YIKES!
http://www.cra-arc.gc.ca/E/pbg/tf/t2125/README.html
You don't have to pay CPP unless your earnings are over $3,500, but yes, it's 9.9%
Last edited by Siouxie; Mar 5th 2014 at 5:24 am.
#12










Joined: Sep 2008
Posts: 12,830











Oops, sorry I didn't realize there had been more replies. These tax rebates sound fun - though we only missed January last year so I imagine we won't be owed anything/very much.
Because I'm a bit stupid, it turns out that I was paid as an independent contractor so need to file my return as such. As if I need more to complicate things! I don't think it matters so much for 2013. But for 2014 my earnings will exceed $3500 (though I'll only be here til late June) and it looks like I'll have to pay 9.9% CPP!!!! YIKES!
Because I'm a bit stupid, it turns out that I was paid as an independent contractor so need to file my return as such. As if I need more to complicate things! I don't think it matters so much for 2013. But for 2014 my earnings will exceed $3500 (though I'll only be here til late June) and it looks like I'll have to pay 9.9% CPP!!!! YIKES!
http://www.cra-arc.gc.ca/tx/bsnss/tp...cntng-eng.html
http://www.cra-arc.gc.ca/tx/bsnss/tp.../menu-eng.html
As self employed you need to file before midnight, June 15. However any tax owing after April 30 accrues interest until paid.
#13
File as self employed - it's one extra form on the normal tax return.
http://www.cra-arc.gc.ca/E/pbg/tf/t2125/README.html
You don't have to pay CPP unless your earnings are over $3,500, but yes, it's 9.9%

http://www.cra-arc.gc.ca/E/pbg/tf/t2125/README.html
You don't have to pay CPP unless your earnings are over $3,500, but yes, it's 9.9%

Thing is - I don't seem to have much to actually enter on that extra form?
No business name or details, no business income, no costs, no expenses….
I think I only have part 2(d) and (f), part 3(g) and (h) and Part 5(k) where I have any info to enter!
I miss being employed and on PAYE!
Tried to file husbands (much more straightforward) return on Netfile last night after preparing it and having it checked on H&R Block - but Netfile said there were errors!
#14
Banned










Joined: Apr 2009
Posts: 19,878
From: SW Ontario











I come in at 2740.10 for last year - so yay!
Thing is - I don't seem to have much to actually enter on that extra form?
No business name or details, no business income, no costs, no expenses….
I think I only have part 2(d) and (f), part 3(g) and (h) and Part 5(k) where I have any info to enter!
I miss being employed and on PAYE!
Tried to file husbands (much more straightforward) return on Netfile last night after preparing it and having it checked on H&R Block - but Netfile said there were errors!
Thing is - I don't seem to have much to actually enter on that extra form?
No business name or details, no business income, no costs, no expenses….
I think I only have part 2(d) and (f), part 3(g) and (h) and Part 5(k) where I have any info to enter!
I miss being employed and on PAYE!
Tried to file husbands (much more straightforward) return on Netfile last night after preparing it and having it checked on H&R Block - but Netfile said there were errors!
Your business income would be the $2740.10 you earned last year working as a self employed contractor.
I wouldn't touch them with a barge pole, personally! I use Studiotax and have found it works for me.
#15
I'll definitely be using something else!
The only cost we really incur with our flat is internet - and we would've got that anyway. My work is all research so all I'm ever doing is collaborating with scholars and downloading articles so its all done online.
Thanks Siouxie
The only cost we really incur with our flat is internet - and we would've got that anyway. My work is all research so all I'm ever doing is collaborating with scholars and downloading articles so its all done online.
Thanks Siouxie




