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Search: Posts Made By: JonboyE
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Forum: Canada
Sep 16th 2017, 5:00 am
Replies: 32
Views: 6,714
Posted By JonboyE

Re: Kamloops, BC or Kitchener-Cambridge-Waterloo for relocation

I completely agree that you should not rely on people posting on this forum. They are most opinionated about stuff they know nothing about.
Forum: Canada
Sep 10th 2017, 1:04 am
Replies: 790
Views: 196,287
Posted By JonboyE

re: Chat for and with Canadian Family Practitioners/ex UK General Practitioners

OK, now to throw the cat back in amongst the pigeons. I have been researching this a bit more this afternoon. Regarding the passive income the government has not issued draft legislation so we have...
Forum: Canada
Sep 9th 2017, 10:11 pm
Replies: 790
Views: 196,287
Posted By JonboyE

re: Chat for and with Canadian Family Practitioners/ex UK General Practitioners

I am just musing, but one reason might be proportionality. Everyone can participate in tax deferred pension savings. Employees may be in company pension scheme. They may also top up their pension...
Forum: Canada
Sep 9th 2017, 9:11 pm
Replies: 790
Views: 196,287
Posted By JonboyE

re: Chat for and with Canadian Family Practitioners/ex UK General Practitioners

More or less. When you withdraw retained earnings the amount is grossed up on your personal tax return to approximate the before-tax income in the corporation. You are then given a credit against...
Forum: Canada
Sep 9th 2017, 8:58 pm
Replies: 790
Views: 196,287
Posted By JonboyE

re: Chat for and with Canadian Family Practitioners/ex UK General Practitioners

It depends on your level of involvement in the entities you have invested in. To pick an example, I can invest in shares in the Trans Mountain project. This will create plenty of jobs, but my...
Forum: Canada
Sep 9th 2017, 8:36 pm
Replies: 790
Views: 196,287
Posted By JonboyE

re: Chat for and with Canadian Family Practitioners/ex UK General Practitioners

Me too. :(



As I mentioned earlier, this is not the case. Tax rates are set such that the same amount of tax (within rounding errors) is paid on a stream of income regardless of the way it is...
Forum: Canada
Sep 9th 2017, 8:15 pm
Replies: 790
Views: 196,287
Posted By JonboyE

re: Chat for and with Canadian Family Practitioners/ex UK General Practitioners

Just a couple of things:



Mischief is a commonly used word in tax talk. It describes a situation where taxpayers, perfectly legally, achieve an outcome that was not intended by the law makers....
Forum: Canada
Sep 8th 2017, 5:50 am
Replies: 790
Views: 196,287
Posted By JonboyE

re: Chat for and with Canadian Family Practitioners/ex UK General Practitioners

Dear God, there has been some hyperbolic outrage about this. Canada’s own Project Fear.

The way to look at the issue is to ask what the public policy objective is, and the mischief the government...
Jul 28th 2017, 2:33 am
Replies: 48
Views: 2,504
Posted By JonboyE

Re: What do you think?

It was last century. I have never had a problem with words. They are just words. It is the thought (or lack of) behind them that concerns me at times.
Jul 27th 2017, 1:32 am
Replies: 48
Views: 2,504
Posted By JonboyE

Re: What do you think?

I can't think of anything wrong with describing a black person as black.
Forum: Canada
Jul 26th 2017, 8:46 pm
Replies: 8
Views: 1,000
Posted By JonboyE

Re: Income tax on uk property built while living in canada

I need to correct this. Assuming the land was inherited after the OP moved to Canada "Cost" will include the fair market value of the land when the OP inherited it.
Forum: Canada
Jul 26th 2017, 6:00 pm
Replies: 3
Views: 595
Posted By JonboyE

Re: Property valuation for for t1135

Having looked into it a bit more I think you will be OK to include the fair market value of the land on the date you inherited it as part of your cost for the T1135. This will mean fewer...
Forum: Canada
Jul 25th 2017, 4:36 pm
Replies: 8
Views: 1,000
Posted By JonboyE

Re: Income tax on uk property built while living in canada

You can just file amended returns for the income but the CRA could assess penalties for repeated failure to report income. They may not if you 'fess up but why give them the opportunity? The...
Forum: Canada
Jul 23rd 2017, 8:28 pm
Replies: 40
Views: 2,938
Posted By JonboyE

Re: Average % of salary for renting?

matt88's figure for net pay is about right. He can claim his non-working spouse's personal tax credit. He will need to consider if there are other deductions but this is going to vary by employer.
Jul 17th 2017, 3:38 pm
Replies: 28
Views: 2,026
Posted By JonboyE

Forum: Canada
Jul 17th 2017, 3:31 pm
Replies: 143
Views: 42,200
Posted By JonboyE

Re: READ ME. PENSION RULES UK to Canada

It wasn't intended to be rude. You got a ruling in your favour so it is something to celebrate.

I said up thread that sometimes the CRA choose administrative positions that are not in strict...
Forum: Canada
Jul 17th 2017, 3:26 pm
Replies: 143
Views: 42,200
Posted By JonboyE

Re: READ ME. PENSION RULES UK to Canada

It is taxable, just not as a pension.
Jul 16th 2017, 8:03 pm
Replies: 38
Views: 1,924
Posted By JonboyE

Re: BC fires

Latest government figures - 36,000 people now evacuated.
Jul 16th 2017, 6:40 pm
Replies: 16
Views: 772
Posted By JonboyE

Re: How did the Premier of your province get to be Premier?

I will play. In the last 20 years:

Premier elect: John Horgan. A political activist before becoming an MLA. Not a lawyer.

Christy Clarke. Not a lawyer. A journalist as well as a political...
Forum: Canada
Jul 16th 2017, 6:08 pm
Replies: 143
Views: 42,200
Posted By JonboyE

Re: READ ME. PENSION RULES UK to Canada

The CRA official has made a mistake in tax law. 56(1)(a)(i)(C.1) does not say that a pension that is exempt from tax in the country of origin is exempt from tax in Canada. It says that a retirement...
Jul 12th 2017, 5:09 pm
Replies: 47
Views: 3,117
Posted By JonboyE

Re: We're doomed

According to the CBC it is the size of PEI and twice the volume of Lake Erie.
Forum: Canada
Jul 10th 2017, 4:37 pm
Replies: 37
Views: 3,077
Posted By JonboyE

Re: Vancouver suburbs for family move

Let's start with a bit of pedantry, it is Metro Vancouver - they dropped the title Greater Vancouver several years ago.

When will your husband need to travel to the airport? A one hour drive in...
Jul 9th 2017, 9:37 pm
Replies: 177
Views: 9,338
Posted By JonboyE

Re: Its finally getting warmer

Whistler. No fireworks on Canada Day because of the tinder dry conditions.
Jul 9th 2017, 12:11 am
Replies: 177
Views: 9,338
Posted By JonboyE

Re: Its finally getting warmer

Not a great picture - taken with my phone form out hotel room window- of a plane bombing a fire last Sunday.

Edit: I can't make pictures from my phone come out the right way up.
Jul 8th 2017, 6:20 pm
Replies: 114
Views: 4,879
Posted By JonboyE

Re: Terrorist to get 10.5m reward

You do have to take this away. There is no credible evidence that I am aware of that implicates him.



Except that his group was fighting the Americans, not Canadians.
Showing results 1 to 25 of 1000
 


 
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