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Old Nov 8th 2012 | 11:27 pm
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Default Tax payments

can anyone tell me if you pay extra taxes if you work in Alberta but live in BC.
would it be incredibly high, Living in Alberta but would like to live in BC although OH works in oilsands.
Thanks
 
Old Nov 9th 2012 | 12:05 am
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Default Re: Tax payments

Originally Posted by MADPUPPIES2
can anyone tell me if you pay extra taxes if you work in Alberta but live in BC.
would it be incredibly high, Living in Alberta but would like to live in BC although OH works in oilsands.
Thanks
Taxes are calculated using your province of residence. If you work in Alberta, taxes will be held at source according to the Alberta rate. Since Albertans do not pay provincial tax, then it is fair to assume that when you file your taxes as a BC resident, not enough taxes will have been withdrawn at source to cover your tax bill. You pay more taxes as a BC resident than as an Alberta resident, but it is not because you work in Alberta, it is simply because you live in a province where provincial tax exist.

Hope that makes sense to you...
 
Old Nov 9th 2012 | 12:09 am
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Default Re: Tax payments

Originally Posted by CanAngel
Taxes are calculated using your province of residence. If you work in Alberta, taxes will be held at source according to the Alberta rate. Since Albertans do not pay provincial tax, then it is fair to assume that when you file your taxes as a BC resident, not enough taxes will have been withdrawn at source to cover your tax bill. You pay more taxes as a BC resident than as an Alberta resident, but it is not because you work in Alberta, it is simply because you live in a province where provincial tax exist.

Hope that makes sense to you...
What ^ she said.
 
Old Nov 9th 2012 | 12:16 am
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Default Re: Tax payments

So I presume as long as you put some money away each month so that when you do your taxes you are covered you will be okay.
Thanks for that, much apreciated
 
Old Nov 9th 2012 | 12:50 am
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Default Re: Tax payments

Originally Posted by CanAngel
Taxes are calculated using your province of residence. If you work in Alberta, taxes will be held at source according to the Alberta rate. Since Albertans do not pay provincial tax, then it is fair to assume that when you file your taxes as a BC resident, not enough taxes will have been withdrawn at source to cover your tax bill. You pay more taxes as a BC resident than as an Alberta resident, but it is not because you work in Alberta, it is simply because you live in a province where provincial tax exist.

Hope that makes sense to you...
Albertans do pay provincial income tax. It may not be as high as BC's but it is wrong to state we don't pay any.

Last edited by Almost Canadian; Nov 9th 2012 at 1:45 am.
 
Old Nov 9th 2012 | 3:20 am
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Default Re: Tax payments

Quite.

Albertans pay a 10% flat rate provincial income tax. BC provincial income taxes are progressive. Someone earning c. $75k or less pays lower taxes in BC than Alberta. Above c. $75k it is more in BC - but the differences are not huge.

Maybe the posters above are thinking of sales taxes. Just GST in Alberta but GST + (soon to be) PST in BC. if someone who worked in B bought some consumer durables in AB and brought them home to BC they would, of course, self-assess the PST and send the BC Government a cheque for the difference.
 
Old Nov 9th 2012 | 3:24 am
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Default Re: Tax payments

Originally Posted by JonboyE
Quite.

Albertans pay a 10% flat rate provincial income tax. BC provincial income taxes are progressive. Someone earning c. $75k or less pays lower taxes in BC than Alberta. Above c. $75k it is more in BC - but the differences are not huge.

Maybe the posters above are thinking of sales taxes. Just GST in Alberta but GST + (soon to be) PST in BC. if someone who worked in B bought some consumer durables in AB and brought them home to BC they would, of course, self-assess the PST and send the BC Government a cheque for the difference.
On a separate note, is there a de minimis limit on such purchases or would one have to declare regardless of the cost of the item?

Does it work the other way, if someone from Alberta buys something in BC and takes it home to use in Alberta is s/he permitted to claim the PST (or whatever it is called in the interim) portion from the Government of BC?
 
Old Nov 9th 2012 | 3:46 am
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Default Re: Tax payments

Originally Posted by Almost Canadian
On a separate note, is there a de minimis limit on such purchases or would one have to declare regardless of the cost of the item?
Anything over $2 of tax due.

Does it work the other way, if someone from Alberta buys something in BC and takes it home to use in Alberta is s/he permitted to claim the PST (or whatever it is called in the interim) portion from the Government of BC?
Currently, yes for tax amounts greater than $5 but an individual is only allowed to make one claim per quarter. Who knows what the rules will be when PST is re-introdued in April?
 
Old Nov 9th 2012 | 3:49 am
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Default Re: Tax payments

Originally Posted by JonboyE
Anything over $2 of tax due.

Currently, yes for tax amounts greater than $5 but an individual is only allowed to make one claim per quarter. Who knows what the rules will be when PST is re-introdued in April?
Thank you
 

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