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.

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.

Re: just a quick tax question
 

hi...thanks for that....so when is the end of the tax year.....cheers

Re: just a quick tax question
 

31.12.20xx

Re: just a quick tax question
 

Hmmmm...why the kisses?:lol:

Re: just a quick tax question
 

must be a freudian slip;)

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

Re: just a quick tax question
 

Depends on where he is deemed to be a tax resident.

Re: just a quick tax question
 

True, and if by "family" Calgarylady means wife and kids, then he will most likely be considered tax resident in Canada.