British Expats - First tax return in BC, HELP!!

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British Expats (https://britishexpats.com/forum/)

- The Maple Leaf (https://britishexpats.com/forum/maple-leaf-98/)

- - First tax return in BC, HELP!! (https://britishexpats.com/forum/maple-leaf-98/first-tax-return-bc-help-657711/)

Aviator

Mar 5th 2010 7:02 am

Re: First tax return in BC, HELP!!

Quote:

Thank you all for your replys, I'm still not 100% of what is to come, but I have evry intention of declairing the payment as trying to hide money isn't an option that I'd consider, I just wanted a bit of info before I call CRA as to be honest I'm bricking they're answer

Personally I would go to an accountant for advice and suggestions on tax planning. CRA are only going to recite the rules not the solutions.

Mooredog

Mar 7th 2010 4:51 am

Re: First tax return in BC, HELP!!

Quote:

Originally Posted by The Aviator (Post 8397143)

Personally I would go to an accountant for advice and suggestions on tax planning. CRA are only going to recite the rules not the solutions.

I've got a tax consultant looking into it for me and I should know for sure what the outcome is by the end of this week, we've got fingers,legs,arms and eyes crossed that it works out for us, I'll be back on with the results if I don't jump of the nearest bridge first!!:rofl:

Mooredog

Mar 7th 2010 4:53 am

Re: First tax return in BC, HELP!!

Quote:

Originally Posted by Mooredog (Post 8401695)

I'll be back on with the results if I don't jump of the nearest bridge first!!:rofl:

Oops I'm not trying to encourage suicide as a resolution for tax worries folks:eek:, so don't try this at home:rofl:

Mooredog

Mar 8th 2010 3:12 pm

Re: First tax return in BC, HELP!!

Well it seems We're in the clear, due to going over my wifes severance paper work and finally finding her p45 and payslips in one of our many unpacked boxes, then taking it all down to an accountant, it appears that the payment isn't taken as income earned, it doesn't even show in our paper work from the inland revenue dated the month after settlement, thus making it non-taxable and not part of our income.:thumbsup:

To say we're over the moon is an understatement, thanks to all who replied with some possitive info, and those who weren't as helpful....... cheers for taking part anyway:rofl:

Honestly thanks to everyone.:thumbup:

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