Tagged Questions

0
votes
1answer
73 views

Child care expenses: How much deduction can be claimed on tax return? [Canada]

How much deduction can be claimed for child care expenses on a Canadian income tax return, for 2009? Does it vary by province? Are receipts required to claim a child care expense …
4
votes
2answers
68 views

How do you calculate pretax deduction savings?

I am trying to determine how much money I will save by participating in the TransitChek program. The way the program works is I can set aside a certain amount of money from my pay …
2
votes
2answers
26 views

Is there a legal deadline for when your bank/brokerage has to send your tax forms to you?

It is mid February and I still haven't received my 1099-div forms from my stock broker. Should I be concerned yet? Is there any regulatory requirement for them to send tax forms ou …
3
votes
2answers
87 views

What’s the maximum income one can have and not have to file a tax return? [Canada]

I'm starting a home-based business and make very little. Do I have to worry about income tax?
4
votes
2answers
66 views

I rent out a room in my house, do I have to report the rent as income?

Title says it all. Let me know if you need more details! Thanks!
4
votes
2answers
34 views

Are credit card rewards taxable?

There have been several questions about reward point/loyalty programs offered by credit cards Best Travel Point Credit Cards Best Reward Benefit Credit Cards Easy Comparison of R …
5
votes
2answers
54 views

What is Alternative Minimum Tax (AMT) and how does AMT get calculated? [U.S.]

What is Alternative Minimum Tax (AMT) in the U.S.? How does Alternative Minimum Tax get calculated? What conditions are likely to trigger an AMT assessment versus a regular tax a …
2
votes
4answers
52 views

In Canada what is the best income tax preparation software package?

I currently use one of the popular income tax software packages - Quicktax. The price has been going up over the past few years and the number of returns that can be prepared has …
4
votes
1answer
29 views

How do I find a tax advisor or “tax man”?

Since I graduated college a few years ago, I've been giving a lot of thought to getting a "tax man" instead of doing taxes myself through TaxCut or TaxAct.com. I'm not so much int …
2
votes
1answer
29 views

UK income tax & charitable donations: How much is income tax reduced by donations?

To continue the theme... In the UK, how much is income tax reduced by charitable donations? When filing, are there any special requirements to qualify for the deduction or credit …
2
votes
1answer
20 views

Home Renovation Tax Credit (HRTC) - Can I still claim it even if I pay cash?

Can I still claim the Home Renovation Tax Credit even if I pay cash?
3
votes
1answer
24 views

Canadian income tax & charitable donations: How much is income tax reduced by donations?

In Canada, how much is income tax reduced by charitable donations? When filing, are there any special requirements to qualify for the deduction or credit?
3
votes
1answer
16 views

U.S. income tax & charitable donations: How much is income tax reduced by donations?

In the U.S., how much is income tax reduced by charitable donations? When filing, are there any special requirements to qualify for the deduction or credit?
2
votes
2answers
23 views

If I buy a property in an underage dependent’s name am I exempt from capital gains (losses) on my income tax?

If I purchase a property in an underage dependent's name (son or daughter), and then sell it before they reach the age of majority, do I need to claim the capital gains (losses) on …
2
votes
1answer
20 views

Are insurance payouts taxable in Canada?

This is in reference to this question about life insurance but can apply to other insurance payouts. This would definitely affect how much to plan for.

1 2 next
15 30 50 per page