Tax for newcomers
Jul 5th 2012 | 6:32 am
#16
Lost in BE Cyberspace
Joined: Aug 2005
Posts: 13,402
From: South of Calgary
Re: Tax for newcomers
Because you put in how much you have spent on rent, and its use to calculate your return, especially for lower incomes.
It asks for it on your return as well.
Also, if you to H&R block or anywhere like that they will also ask for your receipts, I assume you have never rented or had low income so have never applied for the housing credit?
It asks for it on your return as well.
Also, if you to H&R block or anywhere like that they will also ask for your receipts, I assume you have never rented or had low income so have never applied for the housing credit?
Your assumption is correct
Jul 5th 2012 | 6:33 am
#17
BE Enthusiast
Joined: Jun 2011
Posts: 415
Re: Tax for newcomers
Yeah if you make over $30k you can kiss goodbye to the Rent Credit, you can still always apply if you rent, but mortgages are not counted.
Jul 5th 2012 | 6:38 am
#18
Binned by Muderators
Joined: Jul 2007
Posts: 11,708
From: White Rock BC
Re: Tax for newcomers
If they only went to the dentist every six months it will be about $1,000 for the year between them. If boyfriend earns $20,000 a year then 3% is $600 so they will have $400 that qualifies for a tax credit.
It is an Ontario thing.
Elsewhere, it could be relevant if one of the tenants is self-employed or is a teleworker.
Last edited by JonboyE; Jul 5th 2012 at 6:40 am.
Jul 5th 2012 | 6:39 am
#19
BE Enthusiast
Joined: Jun 2011
Posts: 415
Re: Tax for newcomers
The limit is the lower of $2,109 (2012) or 3% of your net income. If you are living as a common law couple you can pool your medical expenses. As your boyfriend has a low income 3% may not be a great hurdle.
If you only went to the dentist every six months it will be about $1,000 for the year between you. If boyfriend earns $20,000 a year then 3% is $600 so you will have $400 that qualifies for a tax credit.
If you only went to the dentist every six months it will be about $1,000 for the year between you. If boyfriend earns $20,000 a year then 3% is $600 so you will have $400 that qualifies for a tax credit.
Jul 5th 2012 | 8:22 am
#20
Thread Starter
Forum Regular
Joined: Sep 2011
Posts: 47
Re: Tax for newcomers
thanks again!!!! This forum is amazing.....
Jul 5th 2012 | 8:23 am
#21
Thread Starter
Forum Regular
Joined: Sep 2011
Posts: 47
Re: Tax for newcomers
This info is here http://www.cra-arc.gc.ca/tx/ndvdls/t.../menu-eng.html
Tax slips. A T4 is for employment income (like a P60 in the UK), T5 for bank interest and so on.
Yes, almost everything. Prescriptions, dentist, anything charged by someone licensed to practice medicine.
At present it is only for children. The government promised before the last election they would extend this to adults, but haven't quite got around to doing it yet.
Tax slips. A T4 is for employment income (like a P60 in the UK), T5 for bank interest and so on.
Yes, almost everything. Prescriptions, dentist, anything charged by someone licensed to practice medicine.
At present it is only for children. The government promised before the last election they would extend this to adults, but haven't quite got around to doing it yet.
Jul 5th 2012 | 8:24 am
#22
BE Enthusiast
Joined: Jun 2011
Posts: 415
Re: Tax for newcomers
If you are common law you just file together
Jul 5th 2012 | 8:27 am
#23
Thread Starter
Forum Regular
Joined: Sep 2011
Posts: 47
Re: Tax for newcomers
Jul 5th 2012 | 9:00 am
#24
Binned by Muderators
Joined: Jul 2007
Posts: 11,708
From: White Rock BC
Re: Tax for newcomers
Unfortunately that will not help. Unless it is done in a hospital setting all dentistry is private. The BC government issues a fee guideline for services. Some dentists charge according to the guideline. Other use it as a starting point. They can charge whatever they want.
Jul 5th 2012 | 10:32 am
#25
Thread Starter
Forum Regular
Joined: Sep 2011
Posts: 47
Re: Tax for newcomers
Unfortunately that will not help. Unless it is done in a hospital setting all dentistry is private. The BC government issues a fee guideline for services. Some dentists charge according to the guideline. Other use it as a starting point. They can charge whatever they want.
Well I'll be going back home for a visit next year...... dentist will be my first stop!!!
Thanks for info!!!
Jul 5th 2012 | 2:17 pm
#26
BE Enthusiast
Joined: Jun 2011
Posts: 415
Re: Tax for newcomers
Yup i went to the dentist when I was home at Xmas, a filling fro $130 is a bargain! Mine was $220!!
Jul 6th 2012 | 9:53 am
#27
Banned
Joined: Jul 2012
Posts: 15
Re: Tax for newcomers
Oh dear - v confusing. Is the tax bascially the same in Ottawa as it is in England? Or is is C-O-M-P-L-E-T-E-L-Y different?
Much appreciated.
Much appreciated.
