Видео

Hi Josias, thank you for your comment and question. Are you earning employment income or self-employment income? If you have self-employment income, you need to fill out the T2125. I have a video on self-employment income / T2125. Here’s the link to the UFile video if you are interested: ruclips.net/video/LweyqRyYKuc/видео.html (Disclaimer - Please note that my comments are provided for general informational purposes only. This is not tax advice. Also, I have no liability or responsibility over your tax return/ benefits.) Thank you!

Hi Josias, thank you for your comment and question. Are you earning employment income or self-employment income? If you have self-employment income, you need to fill out the T2125. I have a video on self-employment income / T2125. Here’s the link to the UFile video if you are interested: ruclips.net/video/LweyqRyYKuc/видео.html (Disclaimer - Please note that my comments are provided for general informational purposes only. This is not tax advice. Also, I have no liability or responsibility over your tax return/ benefits.) Thank you!

Hello, thank you for your question. Here’s the instructions on the Wealthsimple Tax website: help.wealthsimple.com/hc/en-ca/articles/4409187541147-Transfer-a-disability-amount-from-your-dependant (Disclaimer - Please note that my comments are provided for general informational purposes only. This is not tax advice. Also, I have no liability or responsibility over your tax return/ benefits.) Thank you.

@ thanks very much. I will take a look at it.

Thank you!

Thank you so much for your comment!

Hello, thank you for your question. Here’s the information for the B.C. Climate action tax credit: www2.gov.bc.ca/gov/content/taxes/income-taxes/personal/credits/climate-action (Disclaimer - Please note that my comments are provided for general informational purposes only. This is not tax advice. Also, I have no liability or responsibility over your tax return.) Thank you!

@ZoeySiu thanks for the reply Zoey ❤

Hello, thank you for your question. Please enter the total eligible tuition fees for the relevant tax year. The TD1 is only an estimate. Your actual tax payable or refund (if any) will depend on your total income/ deductions/ credits/ etc. These will be calculated when you file your tax return. (Disclaimer - Please note that my comments are provided for general informational purposes only. This is not tax advice. Also, I have no liability or responsibility over your tax return.) Thank you!

Thx for your reply 😊

Hello, 謝謝您的問題, 由於我沒有關於您的情況的任何具體信息, 因此我無法評論您 CCB 的申請資格, 我建議您聯繫 CRA, 謝謝!

Hello, thank you for your question. Great question! First-time filers can file tax return electronically, except when the CRA doesn't have the complete information on file. When filing a tax return electronically, the CRA validates the information such as Social Insurance Number, date of birth, etc. The system rejects a return if personal information doesn’t match what they have on record. The NETFILE Access Code is optional. It is intended to be used as an extra level of security. Here’s the information per the CRA website: “While this Access code is not mandatory, if you do not enter your Access code, you will not be able to use any information from your tax return when confirming your identity with the Canada Revenue Agency. You will have to rely on other information for authentication purposes. This code does not apply to you if you are filing your tax return for the first time.” Reference: www.canada.ca/en/revenue-agency/services/e-services/digital-services-individuals/netfile-overview.html (Disclaimer - Please note that my comments are provided for general informational purposes only. This is not tax advice. Also, I have no liability or responsibility over your tax return/ benefits.) Thank you!

Hi Phoebe, 謝謝您的問題! 很抱歉沒有立即回復, 工作有點忙! 非常抱歉, 我不接受新客戶! 謝謝!

Hello, 謝謝您的問題, 由於我沒有關於您的情況的任何具體信息, 因此我無法評論您 CCB 的申請資格, 我建議您聯繫 CRA, 謝謝!

Hello, thank you for your question. If you have already claimed your tax credits on the first TD1 form, you cannot claim the tax credits again on your second TD1. If you claim tax credits on more than one form, your employers may not take enough deductions, which may lead to an unexpected amount of tax owing when you file your tax return. If you have already entered amounts on a TD1 form with your first employer, please make sure you don’t claim the same credits with another employer (i.e. check the box “More than one employer or payer at the same time” and enter "0" on Line 13.) The TD1 is only an estimate. Your actual tax payable or refund (if any) will depend on your total income/ deductions/ credits/ etc. These will be calculated when you file your tax return. (Disclaimer - Please note that my comments are provided for general informational purposes only. This is not tax advice. Also, I have no liability or responsibility over your tax return.) Thank you!

Hello, thank you for your question. Regardless of who paid the tuition fees, the tuition must be claimed by the student first. If the student has no tax payable, any unused tuition may be carried forward to future years or transferred to spouse or common-law partner, or parent or grandparent. There are some limitations. For example, each student can only transfer up to $5,000 of the current year’s federal tuition amount. You can claim the unused tuition amounts from all of your children (up to a maximum of $5,000 per student.) If you have a spouse or common-law partner, you can choose who will receive the transfer amounts for each child. Thank you! Reference: www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/line-32300-your-tuition-education-textbook-amounts/transferring-carrying-forward-amounts.html (Disclaimer - Please note that my comments are provided for general informational purposes only. This is not tax advice. Also, I have no liability or responsibility over your tax return.)

Hello, thank you for your question. If you meet the conditions set by the CRA, you can designate your property as your principal residence, and eliminate or reduce the capital gain. Generally, for each year, a family unit can only designate one property as principal residence. However, it is normal for people to sell a principal residence and move into another one in the same year. The "1+" in the formula ensures that when you move, both your old home and your new home will be treated as principal residence in the year of the move, even though only one of them can actually be designated as such for that year. The “1+” only applies when the taxpayer was Canadian resident during the year in which they acquired the property. (Disclaimer - Please note that my comments are provided for general informational purposes only. This is not tax advice. Also, I have no liability or responsibility over your tax return.) Reference: www.canada.ca/en/revenue-agency/services/tax/technical-information/income-tax/income-tax-folios-index/series-1-individuals/folio-3-family-unit-issues/income-tax-folio-s1-f3-c2-principal-residence.html

Thank you for your comment!

Thank you for your comment!

謝謝您的留言!

Thank you for your comment!

Thank you for your comment!

Thank you for your comment!

Hello, thank you for your question. If you have questions about your benefits payments, it would be best to contact the CRA! The CRA number for benefits and credits (e.g. Canada Child Benefit, GST/HST Credit, Climate Action Incentive Payment, etc.) is: 1-800-387-1193 Thank you!

Hello, thank you for your comment. If you are eligible for the Canada Carbon Rebate and your tax return was filed after March 15, 2024, your April 2024 payment would be included in a subsequent payment after your return is assessed. If you have questions about your benefits payment, it would be best to contact the CRA! The CRA number for benefits and credits (e.g. GST/HST Credit, Climate Action Incentive Payment, etc.) is: 1-800-387-1193 Regarding your comment about the government, I understand your frustration. I wish they can manage taxpayers’ money more effectively, rather than just continue to take on additional debts. Thank you! (Disclaimer - Please note that my comments are provided for general informational purposes only. Also, I have no liability or responsibility over your tax return and/ or benefits.)

Thanks for reply but it seems like a TurdO/Liberal scam. I’m no expert, but I would bet they know a good (if not THE majority) of Canadians pay by the cut off date.i had submitted my income tax and I received an email they would contact me, and I missed the cutoff. What gov does such a tactic? As I, ans MANY have said, the carbon tax was only $51. That’s a drastic drop. No, I have not received any more payments, I’m sure I won’t until Oct and it will again be, $51. Finally, NO, NEVER am I calling CRA under this gov.

Sorry, I meant. Most Canadians pay AFTER cut off day, due to life, adjusting money and procrastination. I don’t believe, WITHHOLDING of payment has ever occurred before.

Hello, thank you for your comment! I will add this to my to-do list! Thank you!

Hello, 謝謝您的問題! 很抱歉沒有立即回復, 工作一直很忙! 首先, 您需要判斷您什麼時候成為加拿大稅務居民。一般來說, 稅務居民身份 (residency for Canadian income tax purposes) 主要取決於 residential ties (例如, 是否在加拿大擁有住宅/ 房屋; 配偶或 common-law partner 是否留在加拿大; dependents 是否留在加拿大; 是否擁有加拿大的銀行帳戶/ 駕駛執照/ 護照, 等等)! 一般來說, CRA 會根據具體情況評估稅務居民身份, 包括 residential ties, length of time/ purpose/ intent of the stay, 和 tax treaty. 一般來說, 加拿大稅務居民必須報告他們在全球的所有收入, 包括海外收入。 一般來說, pension income 在領取當年納稅。 符合 Income Tax Act 的 criteria 的 foreign pension 可以轉入 RRSP。我建議您諮詢熟悉加拿大和香港 tax treaty 的專業會計師或 Financial Planner, 因為 foreign pension 的稅務處理可以很複雜。 Reference: taxinterpretations.com/cra/severed-letters/2014-0522671e5 謝謝! (Disclaimer - 我的評論僅供參考, 這不構成專業的稅務/會計建議; 另外, 由於我沒有關於您的情況的任何具體信息, 因此我無法評論您的 residency status for Canadian income tax purposes.)

@@ZoeySiu 唔該晒你🫶🏻

Hello, thank you for your question. Regarding income tax filing, you need to determine your residency status for Canadian income tax purposes to know your tax filing requirements. To determine residency status for income tax purposes, the CRA looks at all of the relevant facts, such as residential ties, the length of stay, and tax treaty. Regarding Canada Child Benefit (CCB), if you are eligible for the CCB, to keep getting your CCB payments every year, you must file your tax return every year. You must file your tax return even if you have no income. If your situation is very complex, please consult with a professional or contact the CRA. (Disclaimer - Please note that my comments are provided for general informational purposes only. This is not tax advice. Also, I have no liability or responsibility over your tax return/ benefits.) Reference: www.canada.ca/en/revenue-agency/services/child-family-benefits/canada-child-benefit-overview/canada-child-benefit-after-you-apply.html

Even I came on June and still apply 牛奶金！last year not in canada 🇨🇦!

Hello, thank you for your question. If you are a newcomer in 2024 and you are eligible for the benefits, such as the Canada Child Benefit (CCB), you can apply for the benefits in the year you become a Canadian resident for income tax purposes. You do not need to wait until you do your tax return to get these benefits. In the year you become a Canadian resident for income tax purposes, and if you are eligible for the benefits, you can submit form RC151 or RC66 to apply for the benefits and credits. If you have children, you can use Form RC66 to apply for the Canada Child Benefit, GST/HST credit, the climate action incentive payment and any related provincial or territorial programs you may be eligible for. You may also have to complete Schedule RC66SCH. Since most of the benefits are based on family income, on Form RC66, you will need to report your income information. To continue receiving the benefits and credits in subsequent years, including any related provincial or territorial payments, you have to file a tax return each year, even if you do not have any income in the year. If your situation is very complex, please consult with a professional or contact the CRA. (Disclaimer - Please note that my comments are provided for general informational purposes only. This is not tax advice. Also, I have no liability or responsibility over your tax return/ benefits.) Reference: www.canada.ca/en/revenue-agency/services/child-family-benefits/canada-child-benefit-overview/canada-child-benefit-apply.html

Thx for detail reply ! Can any free unit help us to do that ! Like from govt? Too complicated as a new comer 😢😂🙏🙏!

Hello, thank you for your question. There are a lot of organizations that offer free Settlement Services. Please search for Settlement Services in your city. Wishing you all the best!

Hello, thank you for your question. My apologies for the late response. Would it be possible your parents filed a tax return for you? If you have questions about your benefits payments, it would be best to contact the CRA! The CRA number for benefits and credits (e.g. Canada Child Benefit, GST/HST Credit, Climate Action Incentive Payment, etc.) is: 1-800-387-1193 Thank you!

Hello, thank you for your questions. Per the CRA, “Specified foreign property does not include personal-use property. Personal-use property is generally defined as property owned by the taxpayer that he or she or a related party uses primarily for personal or enjoyment purposes.” If you don’t own any specified foreign property costing more than $100,000, then you don’t need to file a T1135. While personal-use property do not need to be reported on T1135, Canadian resident taxpayers must report and include all the income they earn from foreign property. This means that there may be capital gains in the future, if the proceeds from disposition exceeds the cost. You may be able to designate this property as your principal residence and eliminate a portion (or all) of the capital gains, if you meet the criteria set by the CRA. When you dispose of (or are considered to have disposed of) your principal residence, you can fill out Form T2091IND Designation of a Property as a Principal Residence by an Individual (Other Than a Personal Trust) to designate the property as a principal residence. In order to designate a property as a principal residence, there are some conditions that must be met. Also, for each year, a family unit can only designate one property as principal residence. If you own multiple properties, you will need to determine which property has the highest capital gain and plan accordingly. Reference: www.canada.ca/en/revenue-agency/services/tax/international-non-residents/information-been-moved/foreign-reporting/questions-answers-about-form-t1135.html www.canada.ca/en/revenue-agency/services/forms-publications/forms/t2091ind.html (Disclaimer - Please note that my comments are provided for general informational purposes only. This is not tax advice. Also, I have no liability or responsibility over your tax return/ reporting.)

Hello, thank you for your question. Please contact the CRA to see whether they have all the required information to process your benefits/ credits. The CRA number for benefits and credits (e.g. GST/HST Credit, Climate Action Incentive Payment, etc.): 1-800-387-1193 Reference: www.canada.ca/en/revenue-agency/corporate/contact-information.html (Disclaimer - Please note that my comments are provided for general informational purposes only. This is not tax advice. Also, I have no liability or responsibility over your tax return/ benefits.)

Hello, thank you for your question. Please contact the CRA to see whether they have all the required information to process your benefits/ credits. The CRA number for benefits and credits (e.g. Canada Child Benefit, GST/HST Credit, Climate Action Incentive Payment, etc.): 1-800-387-1193 Reference: www.canada.ca/en/revenue-agency/corporate/contact-information.html (Disclaimer - Please note that my comments are provided for general informational purposes only. This is not tax advice. Also, I have no liability or responsibility over your tax return/ benefits.)

Hello, thank you for your question. Please contact the CRA. The CRA number for GST/HST Credit and Climate Action Incentive Payment: 1-800-387-1193 Reference: www.canada.ca/en/revenue-agency/corporate/contact-information.html

Hello, thank you for your question. I try to make both English and Cantonese versions, but I haven't gotten a chance to record the English version for the T1135 video yet. It is on my to-do list! My apologies!

Thank you for your comment!

Thank you for your comment!

Hello, thank you for your question! I can only provide general comments, since I don’t have sufficient information to comment on your specific situation. If you have questions about your specific situation, please contact the CRA. Generally, Form ON‑BEN is attached to the tax return and filed to the CRA with the tax return (electronically or by mail.) Based on the information in the tax return, the CRA will determine the eligibility for the benefit. If you choose to file your tax return by mail, you can attach form ON-BEN to your tax return and send it to your tax centre. If you already filed your tax return and did not attach form ON-BEN, you can send the required information to your tax centre to apply for the benefit. Please see the information on the CRA website for details: www.canada.ca/en/revenue-agency/services/child-family-benefits/provincial-territorial-programs/ontario-trillium-benefit-questions-answers.html (Disclaimer - Please note that my comments are provided for general informational purposes only. This is not tax advice. Also, I have no liability or responsibility over your tax return/ benefits.)

Hello, thank you for your question! For professional liability reasons, this is not a question that I feel comfortable providing an answer on RUclips. This is because I do not have sufficient information to comment on your residency status for Canadian income tax purposes. Please contact the CRA or consult with a professional. Thank you for your understanding.

@ZoeySiu OK I see. Thank you for answering!

Hello, thank you for your question! In Wealthsimple Tax, if you successfully submitted your tax return to the CRA, it would show a message stating you submitted your tax return to the CRA, and it would show a confirmation number. If you have questions about your tax return, please contact the CRA. (Disclaimer - Please note that my comments are provided for general informational purposes only. This is not tax advice. Also, I have no liability or responsibility over your tax return.)

Thank you for your comment!

Hello, thank you for your question. If you meet the eligibility criteria, you can deduct home office expenses using the Detailed Method for the 2023 tax year. If you would like to change your tax return, please follow the CRA process for changing a return: www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/change-your-return.html (Disclaimer - Please note that my comments are provided for general informational purposes only. This is not tax advice. Also, I have no liability or responsibility over your tax return.)

Hello, thank you for your question. If you own a rental property, rent out a portion of your home, or use it for business, you may be able to deduct property taxes. Also, some provinces/ territories offer tax credits related to property tax. For example, the Ontario Trillium Benefit which includes the Ontario Energy and Property Tax Credit. Reference: www.canada.ca/en/revenue-agency/services/child-family-benefits/provincial-territorial-programs/ontario-energy-property-tax-credit-questions-answers.html (Disclaimer - Please note that my comments are provided for general informational purposes only. This is not tax advice. Also, I have no liability or responsibility over your tax return.)

Hello, 謝謝您的問題, 因為 professional liability 的考慮, 我無法通過 RUclips 回答這個問題。請諮詢專業會計師。謝謝!

Hello, 謝謝您的問題, 因為 professional liability 的考慮, 我無法通過 RUclips 回答這個問題。請諮詢專業會計師。謝謝!

Hello, thank you for your question! I can only provide general comments, since I don’t have sufficient information to comment on your specific situation. If you have questions about your specific situation, please contact the CRA. Generally, Form ON‑BEN is attached to the tax return and filed to the CRA with the tax return (electronically or by mail.) Based on the information in the tax return, the CRA will determine the eligibility for the benefit. If you choose to file your tax return by mail, you can attach form ON-BEN to your tax return and send it to your tax centre. If you already filed your tax return and did not attach form ON-BEN, you can send the required information to your tax centre to apply for the benefit. Please see the information on the CRA website for details: www.canada.ca/en/revenue-agency/services/child-family-benefits/provincial-territorial-programs/ontario-trillium-benefit-questions-answers.html (Disclaimer - Please note that my comments are provided for general informational purposes only. This is not tax advice. Also, I have no liability or responsibility over your tax return/ benefits.)

Hello, thank you for your question. If you meet the eligibility criteria, you can deduct home office expenses using the Detailed Method for the 2023 tax year. Please take a look at the CRA Guide T4044 (Employment Expenses) for details. Eligible employment expenses include any GST/ HST paid on these expenses. Alternatively, you may be able to get a rebate of the GST/HST you paid. The invoices/ receipts of the expenses would show whether any GST/HST were included. I am not sure which software you use. If you have specific questions about the software, it would be best for you to contact the software’s customer support department. Reference: www.canada.ca/en/revenue-agency/services/forms-publications/publications/t4044/employment-expenses.html If your situation is very complex, please consult with a professional or contact the CRA. (Disclaimer - Please note that my comments are provided for general informational purposes only. This is not tax advice. Also, I have no liability or responsibility over your tax return.)

Hello, thank you for your question. Salaried employees and commission employees cannot claim mortgage interest and principal mortgage payments. Reference: www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/line-22900-other-employment-expenses/work-space-home-expenses/expenses-can-claim.html (Disclaimer - Please note that my comments are provided for general informational purposes only. This is not tax advice. Also, I have no liability or responsibility over your tax return.)

@@ZoeySiu thanks. yeah, I saw that after some additional research. Canada is so corrupt. You do all this extra work on taxes and the net effect it will have on your return is minimal. It’s set up in such a way that the house, in this case the government, always wins.

Hello, thank you for your comment! I am personally very frustrated as well. I understand that taxes are important for the Government to maintain the services they provide, but I wish they can manage taxpayers’ money more effectively, rather than just continue to take on additional debts and let the taxpayers take on the responsibilities.

@@ZoeySiu I know. It’s crazy. And we are only at 17 cents per liter carbon tax right now and they want to bring it to 61 cents per liter! I did the math and at 61 cents it would mean I pay $36 on a full tank for carbon tax alone and that doesn’t include the sales tax with the carbon tax amount being taxed again too! I have a friend in Colorado and they currently pay like 68 cents per liter for gas now as they have ZERO carbon tax. We are paying almost $1.30 more per liter where I live. We are a rich country with so many resources and if we looked after our own people first we could be a much better and happier country. The roads are terrible too which causes wear and tear on your car and the truth is there are many people neglecting car maintenance as they don’t have the extra cash to spend on that so public safety is being compromised and the risk will grow more as time passes on and more wear and tear happens. I could write a book on all this madness. It’s the same with things like alcohol. They keep raising taxes and it does not make people stop and some will say that don’t matter to me as I don’t drink but that’s the wrong way to look at it. In Colorado you can buy 12 bottles of moosehead beer imported from New Brunswick (so to the western USA) for $12.99 and here’s it almost $40 for the same thing. We pay enough tax and people more than pay for their healthcare costs many times over throughout the course of their lives. I figure that considering all the tax on top of your income tax you are literally paying about 2/3 of every dollar in tax and they want more! I’m hoping for a change to make things better but we are so far in debt now that I don’t see things being good ever again. Even if taxes were reduced now companies will keep prices up to gouge you and make more profits. Sorry for my rant! 😊

Hello, thank you for your comment. No worries! I totally understand and share the frustration! I was at the mall on the weekend. A teenager asked me to buy him food. He said he wanted to get some food for his sister. I know there was a chance that it was just a scam, but I decided to trust him and bought him some food. If the Government does its job, there should not be any kids who are left hungry. The Government charges so much taxes already, and yet people still have to wait years for healthcare, and some families struggle to put food on the table. I am very disappointed with the Government!

Hello, 謝謝您的問題, Alberta 在 2020 年已經取消了 Alberta tuition and education tax credits。 Reference: www.canada.ca/en/revenue-agency/services/forms-publications/tax-packages-years/archived-general-income-tax-benefit-package-2020/alberta/5009-pc/information-residents-alberta.html#P15_282 (Disclaimer - 我的評論僅供參考, 這不構成稅務/ 會計建議! 由於我沒有關於您的情況的任何具體信息, 因此我無法 100% 確定的評論您的稅務情況。我的評論僅供參考!)

謝謝你的回覆。即自2020年起的tuition fee 在Alberta是不能claim provincial education tax credit, 但2020年前的unused tuition amount可以照claim。 對嗎？

Hello, 謝謝您的問題, Alberta 在 2020 年已經取消了 Alberta tuition and education tax credits。如果您有從 2020 年以前的納稅年度未使用的 carry forward tuition and education tax credits, 您仍可以用。 Reference: www.canada.ca/en/revenue-agency/services/forms-publications/tax-packages-years/archived-general-income-tax-benefit-package-2020/alberta/5009-pc/information-residents-alberta.html#P15_282 (Disclaimer - 我的評論僅供參考, 這不構成稅務/ 會計建議! 由於我沒有關於您的情況的任何具體信息, 因此我無法評論您的稅務情況。我的評論僅供參考!)

Thank you so much

Hello, thank you for your question. For professional liability reasons, this is not a question that I feel comfortable providing an answer on RUclips. This is because I do not have sufficient information to comment on your arrangement with your friend (e.g. Is your friend investing your money to earn investment income?) Please consult with a professional or contact the CRA. (Disclaimer - Please note that my comments are provided for general informational purposes only. This is not tax advice. Also, I have no liability or responsibility over your tax return.)

Thank you for your comment!

Thank you for your comment!

Hello, thank you for your question. In Wealthsimple Tax, under the general questions section “Property and things you may have invested in”, there is a question “Did you dispose of your principal residence in 2023?” If you answer “Yes” to this question, this will add a section “Sale of Principal Residence.” Per the information on CRA website, “If you sold or if you were considered to have sold your property in 2023 and it was your principal residence, you have to report the sale and designate the property on Schedule 3, Capital Gains (or Losses). In addition, you also have to complete Form T2091(IND), Designation of a Property as a Principal Residence by an Individual (Other Than a Personal Trust). Complete only page 1 of Form T2091(IND) if the property you sold was your principal residence for all the years you owned it, or for all years except one year, being the year in which you replaced your principal residence.” Reference: www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/personal-income/line-12700-capital-gains/principal-residence-other-real-estate/sale-your-principal-residence.html If your situation is very complex, please consult with a professional or contact the CRA. (Disclaimer - Please note that my comments are provided for general informational purposes only. This is not tax advice. Also, I have no liability or responsibility over your tax return.)

Thank you, it's helpful.