Taxes in Canada. (and other questions!!)
Sep 10th 2009, 6:42 pm
#16
Lost in BE Cyberspace
Joined: May 2004
Posts: 9,708
Re: Taxes in Canada. (and other questions!!)
Hi
The OP should take a look at the MLS listings for Pemberton. http://tinyurl.com/mrawws
Have you been to bc before? if not then i suggest a trip out there would be a good idea......cost of living is about the same as the uk, and yes the houses are bigger but the prices are the same as the price of houses in the uk, in the uk London you pay on average £300,000 for a 3 bed semi detached house and in BC you pay on average $500,000 for a decent detached house, these are not exact quotes just average prices..... I may be wrong but these are prices i have seen on websites and not sure about the house prices in pemberton....also cost of food is the same as uk but if you buy in bulk or specials then you are ok, if you are far from a big superstore and have to use local shops then you will pay more for food...............thats it really ohh yeh car insurance is one big con in BC, people have a complete shock when they realise how much they end up paying in car insurance, in terms of better life standards it just depends on what your life is like here in the uk and what you are looking for in Canada..............Hope this helps......
MR79
MR79
Sep 10th 2009, 7:36 pm
#17
Joined: Sep 2008
Posts: 12,830
Re: Taxes in Canada. (and other questions!!)
Not quite, where'd you get that from? Vancouver nearer $800,000 and every area is different. An average for the province is very misleading as the areas are so different. Pemberton would be way cheaper, but not as cheap as it used to be due to the proximity to Whistler.
Grocery prices also vary by proximity to main centres, Pemberton is much further out and freight costs put things up. This might give you some idea http://www.pembertonsupermarket.com/
Nice little airport in Pemberton, a pretty flight down over the lake to Chilliwack or the sound to Vancouver.
Grocery prices also vary by proximity to main centres, Pemberton is much further out and freight costs put things up. This might give you some idea http://www.pembertonsupermarket.com/
Nice little airport in Pemberton, a pretty flight down over the lake to Chilliwack or the sound to Vancouver.
Sep 11th 2009, 12:34 am
#18
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Joined: Sep 2009
Posts: 17
Re: Taxes in Canada. (and other questions!!)
If you look at houses in the Pemberton area, be wary of anything that's in the flood-plain, or you could be flooded out sometime in the next decade or two.
Sep 11th 2009, 1:38 am
#19
Joined: Mar 2009
Posts: 1,986
Re: Taxes in Canada. (and other questions!!)
A question re CPP and EI contributions. I am aware that both of these have maximum contributions each year, and that you pay each month until you have hit the max. Does anyone know whether if you become resident part way through the year these amounts are pro-rated (in the same way that tax credits are)?
Hope the question makes sense!
Hope the question makes sense!
Sep 11th 2009, 2:26 am
#20
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Posts: 17
Re: Taxes in Canada. (and other questions!!)
The amount of CPP you will pay in a year will depend on how much money you earn in Canada during the year, not on how much time you spend earning it. The CPP employee contribution for 2009 caps at $2118.60 on earnings of $46,300 and above, so the CPP contribution will be less if you earn less than $46,300 for the year, regardless whether you earn it in 1 month or 10 months.
EI premiums in 2009 are paid on insured earnings up to $42,300 at a rate of $1.72 per $100 i.e up to a max of $731.79 for the year. Again it's the amount of earnings that count, not the time spent earning it in Canada
EI premiums in 2009 are paid on insured earnings up to $42,300 at a rate of $1.72 per $100 i.e up to a max of $731.79 for the year. Again it's the amount of earnings that count, not the time spent earning it in Canada
Sep 11th 2009, 2:30 am
#21
Joined: Sep 2008
Posts: 12,830
Re: Taxes in Canada. (and other questions!!)
http://142.236.54.112/eng/ei/types/r...tml#Qualifying
Sep 11th 2009, 2:57 am
#22
BE Troll
Joined: Feb 2009
Location: Upper Atmosphere
Posts: 1,708
Re: Taxes in Canada. (and other questions!!)
Originally Posted by Alan2005;7920563[B
]Well, I dutifully sent my first Canadian tax return off in April. Rang them a couple of weeks ago to find out what was happening, but the idiots had lost it[/B] (actually they claimed that they hadn't even received it, but either them or Canada post is lying). Had to send a duplicate - god knows when I'll get my refund... :curse:
I'd give them a call to find out what they've done with yours
I'd give them a call to find out what they've done with yours
Last edited by Lord Vader; Sep 11th 2009 at 3:00 am.
Sep 11th 2009, 3:31 am
#23
Forum Regular
Joined: Feb 2009
Location: S. California
Posts: 254
Re: Taxes in Canada. (and other questions!!)
Hello,
We have been thinking about whether we should go out to Canada before we have PR, but thought it might be more stable for the kids to wait until we have PR. We are obviously concerned that we may not pass the medicals as i have ulcerative colitis and my daughter has a heart murmur. But we are in hope if we do pass and get pr that we may have a better standard of life in British columbia.
I would love to hear other peoples experiences.
Xx
We have been thinking about whether we should go out to Canada before we have PR, but thought it might be more stable for the kids to wait until we have PR. We are obviously concerned that we may not pass the medicals as i have ulcerative colitis and my daughter has a heart murmur. But we are in hope if we do pass and get pr that we may have a better standard of life in British columbia.
I would love to hear other peoples experiences.
Xx
When you have a pre-existing condition, Canadian Immigration are not just looking at the condition but at the cost of your medication/treatment. I'm not sure of the exact figure because I have heard 2 different amounts ($2,500 and $5,000) but if your medication/treatment plan exceeds this amount then you won't get PR. And that is very stressful if you are here on a work permit. I don't know what else they look for in the medical but I'm sure others here can offer advice.
Sep 11th 2009, 3:34 am
#24
Joined: Aug 2005
Posts: 14,227
Re: Taxes in Canada. (and other questions!!)
Sep 11th 2009, 5:14 am
#26
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Re: Taxes in Canada. (and other questions!!)
Filing tax online results in a quicker refund. However it has the drawback that CRA does not have the receipts for many of your deductions and can come back to ask you for these much later, more likely if your circumstances have changed significantly from previous years e.g. larger deductions. If you file the papers you avoid the possibility of having to find them some time down the road. If your return is simple with few deductions, online may be the best way to go, but for complicated returns my tax advisor says send in the forms and receipts.
Sep 11th 2009, 12:35 pm
#27
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Joined: Sep 2003
Location: Upstate South Carolina
Posts: 30,768
Re: Taxes in Canada. (and other questions!!)
Filing tax online results in a quicker refund. However it has the drawback that CRA does not have the receipts for many of your deductions and can come back to ask you for these much later, more likely if your circumstances have changed significantly from previous years e.g. larger deductions. If you file the papers you avoid the possibility of having to find them some time down the road. If your return is simple with few deductions, online may be the best way to go, but for complicated returns my tax advisor says send in the forms and receipts.
You should keep all receipts and tax documents (or copies if the originals were submitted) for 7 years. After that they cant come back for them was my understanding.
So whether you file online or onpaper, you still need to keep the records anyway.
I did hear a rumour that online submissions are slightly more likely to be audited, but dont know if its true. Its a lot faster and more convenient though for sure. My first few returns were on paper, and uniformly took months to process. Online returns have never taken more than two weeks.
Sep 11th 2009, 2:04 pm
#28
Joined: Sep 2008
Posts: 12,830
Re: Taxes in Canada. (and other questions!!)
Depends. If they suspect deliberate fraud then they can go back as far as they like, way beyond 7 years. It is unusual for auditors to go back further than 3 years, they may go beyond that if they find something. It is mandatory to keep records for 7 years.
Sep 11th 2009, 7:55 pm
#29
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Joined: Feb 2007
Posts: 2,710
Re: Taxes in Canada. (and other questions!!)
I did hear a rumour that online submissions are slightly more likely to be audited, but dont know if its true. Its a lot faster and more convenient though for sure. My first few returns were on paper, and uniformly took months to process. Online returns have never taken more than two weeks.
I suspect I triggered an audit as I filed for a lot of expense ($13550).
Gryph
Sep 11th 2009, 10:24 pm
#30
Joined: Mar 2009
Posts: 1,986
Re: Taxes in Canada. (and other questions!!)
The amount of CPP you will pay in a year will depend on how much money you earn in Canada during the year, not on how much time you spend earning it. The CPP employee contribution for 2009 caps at $2118.60 on earnings of $46,300 and above, so the CPP contribution will be less if you earn less than $46,300 for the year, regardless whether you earn it in 1 month or 10 months.
EI premiums in 2009 are paid on insured earnings up to $42,300 at a rate of $1.72 per $100 i.e up to a max of $731.79 for the year. Again it's the amount of earnings that count, not the time spent earning it in Canada
EI premiums in 2009 are paid on insured earnings up to $42,300 at a rate of $1.72 per $100 i.e up to a max of $731.79 for the year. Again it's the amount of earnings that count, not the time spent earning it in Canada