You are required to file an income tax return if you meet one or more of the following criteria: ➢ You are earning income, such as employment income, investment or other income, and owe tax to the CRA. ➢ You are a resident of Canada. This includes international students or individuals who travelled outside of […]
Category: Canada
Does Everyone Get A Tax Refund In Canada?
Who receives a tax refund? Anyone who has overpaid on their taxes may be eligible to receive a tax refund. Whether your employer took off more than they should have from your paycheques or you overpaid when making your quarterly installment payments as a self-employed individual, you are entitled to get money back. Do you […]
Does Canada Pay Sales Tax?
In Canada, there are two types of sales taxes levied. These are : Provincial sales taxes (PST), levied by the provinces. Goods and services tax (GST)/harmonized sales tax (HST), a value-added tax levied by the federal government. Does Canada include sales tax? How much is sales tax in Canada, by province? A 5% federal Goods […]
Is There Tax On Online Purchases Canada?
Recent changes were also introduced by B.C. to take effect on July 1, 2022 requiring marketplace facilitators to collect and remit PST on sales of taxable items made through their online platform on behalf of online sellers. Do you have to pay tax if you order online? If your business has a physical presence, or […]
How Many Times Can You Get Married In Canada?
You should know that having more than one spouse (called “practicing polygamy”) is against the law in Canada. If you were married in a country where polygamy is legal, only one marriage to one other person will be recognized as legal here. Does Canada allow multiple marriages? It is illegal to have multiple spouses in […]
What Was The Divorce Rate In Canada In 2000?
More marriages ended in divorce in 2000, the third consecutive year of growth in the number of divorces. A total of 71,144 couples had a divorce finalized in 2000, up a marginal 0.3% from 1999, and up 3.0% from 1998. Divorces Canada 1998 69,088 1999 70,910 1998 to 1999 2.6 2000 71,144 What was the […]
What Is The Longest Marriage In Canada?
Bill and Bertie Nickerson have been married 80 years and still live in the same brick house in Liverpool, N.S., he had built for them following their wedding in 1935. “We’ve agreed and got along with each other and we’ve been doing fine. Has any couple ever been married for 100 years? Meet Julio Mora […]
How Do I Protect My Assets In A Divorce In Canada?
The best way to protect your assets is by way of a prenuptial agreement. These agreements outline the separation of property upon a marital breakdown, amongst other things, and have the power to vary the rules of property division. Does my wife get half of everything in a divorce Canada? If you and your spouse […]
Is Burning Bills Illegal In Canada?
The Currency Act states that “no person shall melt down, break up or use otherwise than as currency any coin that is legal tender in Canada.” Similarly, Section 456 of The Criminal Code of Canada says: “Every one who (a) defaces a current coin, or (b) utters a current coin that has been defaced, is […]
How Is Money Split In Divorce Canada?
If you and your spouse separate, the law says that all the family property and family debt have to be divided equally between the two of you, unless you make a different agreement. Are assets split 50/50 in divorce Canada? Both spouses have a 50% right to marital property, though the division of property is […]