Hello, thank you for your question. I am not sure which form/ document you are referring to. Does it state “net world income” or “world income”? Generally, if it states “net world income”, then it is the net income from all sources inside and outside Canada. If it states “world income”, then it is income from all sources inside and outside Canada. 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 situation. If your situation is very complex, please consult with a professional or contact the CRA.
Hello, thank you for your question. If you are referring to the RC151 form, step 4 is your income and your spouse's or common-law partner's (if you have one) income from all sources that was not reported on a Canadian tax return. Generally, the income earned as a non-resident before moving to Canada is non-taxable (except for income received from sources in Canada.) The CRA needs to know your income in order to determine whether you are eligible for benefits. For example, the eligibility for GST/HST credit in 2023 is based on 2022 income. Disclaimer - Please note that my comments are provided for general informational purposes only. Also, I have no liability or responsibility over your tax situation. If your situation is very complex, please consult with a professional or contact the CRA.
Hi zoey my spouse is currently not in canada, so in RC151, their is question asking spouse 3 years income, should i need to fill that column, same area its mention "Do not enter your spouse's or common-law partner's income in this section if they did not become a resident of Canada in that year. You will need to report their income for this year on Form CTB9, Income of Non-Resident Spouse or Common-Law Partner, when you do your taxes for the year you became a resident of Canada" so should i need to submit form CTB9 along with RC151 now or CTB9 form at tax return time, coz am confused in last sentences its mentioning 'WHEN YOU DO YOUR TAXES FOR THE YEAR' kindly help
Hello, thank you for your question. It is important to determine your spouse’s residency status for income tax purposes. The most important consideration when determining residency status is residential ties with Canada. Significant residential ties include a home, a spouse or common-law partner, or dependants in Canada. Generally, secondary residential ties are looked at collectively in order to evaluate the significance. Some examples include Canadian bank accounts, driver’s licence, economic ties, etc. Generally, if someone establishes significant residential ties with Canada, they are considered as resident of Canada for income tax purposes, except when they are considered to be a resident of another country under an income tax treaty. If your situation is very complex, please consult with a professional or contact the CRA. Thank you! (Disclaimer - Please note that my comments are provided for general informational purposes only.)
Hello, you can check the CRA standard processing times via the CRA website: www.canada.ca/en/revenue-agency/services/about-canada-revenue-agency-cra/service-standards-cra/service-standards-2023-24.html You can also contact the CRA if you have any questions about your application. (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.)
Hi Zoey, Thanks for your video. I had filed for HST/GST in the year 2023 which is the same year that I moved to Canada. Now, while filing my tax refund for the year 2023-24, which is my first tax filing, they are not accepting it as first tax filing. Is it because of the HST/GST claim that I had put in last year?
Hello, thank you for your question. If you are experiencing NETFILE error, please contact the Canada Revenue Agency (CRA). They can investigate the reason for the error and can advise the next steps. (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.)
Hi Zoey, I learned so much in your channel. I bought some HK insurance policies before coming to Canada. How can I deal with these assets? hope to contact you and get some instructions.
Dear Zoey, Thanks so much for your time and detailed information in your RUclips channel! I have no friend in Canada and seems difficult to find relevant career information in web. May I seek for your personal comment regarding the career in Canada? Thanks for your great help in advance. My background: I have a HKICPA qualification and just arrived Calgary a month ago. In Hong Kong, I worked at CPA firm and transferred to compliance sector afterwards. My question: 1. If I would like to work in tax sector in Calgary, how is entry pathway here? I searched from web and noted that seems some people will join the courses offered by H&R Block, may I know if it is a common and good channel?
2. I found that the membership fee for CPA Canada (Alberta) is quite high and I planned to find some entry-level jobs here because I have no local working experience. May I seek for your advice if I should keep the HKICPA qualification and transfer to CPA Canada afterwards? (I mean no need to transfer to CPA Canada in the first year.) Thank you again for your help! Really thanks for your nice advice! Regards, P.🙏
Hello! Thank you for your comment and questions! Welcome to Canada! I hope you are enjoying Calgary so far! I live in Edmonton, which is just a few hours away! With your Hong Kong CPA qualification and work experience, there are many opportunities available, such as financial reporting, financial operations, consulting, taxation, auditing, regulatory, etc. I personally think that you should follow your passion and choose a path that you are interested in! Also, I personally don’t think you should limit yourself to entry-level jobs. Most skills and knowledge you obtained in Hong Kong should be transferrable skills. Also, a lot of companies in Canada follow International Financial Reporting Standards (IFRS). I believe Hong Kong also uses IFRS. I have never taken the H&R Block tax course, so I cannot really comment on it. I have heard that the course provides good basic overview of the Canadian Income Tax system. Another option would be to find a taxation role with an accounting firm. You will be able to gain practical experience and on the job training. In the long term, if you would like to develop in-depth income tax knowledge, the CPA Canada offers the In-Depth Tax program. This program is for professionals who want to pursue a career in income taxation. Regarding your question about when to apply for membership with CPA Canada/ CPA Alberta, this is your personal choice. There may be value in becoming a Canadian CPA as soon as possible, as most Canadian employers recognize the Canada CPA designation, but they may not recognize the Hong Kong CPA designation. Wishing you all the best! Thanks, Zoey
Thank you so much Zoey! I’m so happy to receive your reply and really thanks for your time and help! Your comment is very useful for me and you are really helpful! Thanks again for your warm message and encouragement! @@ZoeySiu
Hello, thank you for your question. If you are referring to the RC151 form, the instructions are here: www.canada.ca/en/revenue-agency/services/forms-publications/forms/rc151.html If you are referring to the RC66 form, the instructions are here: www.canada.ca/en/revenue-agency/services/forms-publications/forms/rc66.html You can also contact the CRA if you have any questions about your application. (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 are referring to the RC151 form, “Step 6 - Your income” is your income and your spouse's or common-law partner's (if you have one) income from all sources that was not reported on a Canadian tax return. Generally, the income earned as a non-resident before moving to Canada is non-taxable (except for income received from sources in Canada.) The CRA needs to know your income in order to determine whether you are eligible for benefits. (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 I came to canada in Aug 2023. I filed for the tax return as well for the year 2023-24 . I just want to know that how will I get the GST/HST refund ?
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 question. Step 4 on the RC151 form is for “income from all sources that was NOT reported on a Canadian tax return.” If you have specific question about the form, please contact the CRA. (Disclaimer - Please note that my comments are provided for general informational purposes only. Also, I have no liability or responsibility over your tax return or benefits.)
Hi Zoey We (My husband and I) Came to Canada in April 2023 on PR, we have filled taxes. But we have not filled any RC 151 and welcome Canada bonus . Now can we do ot, even after the last day (30th April 2024)
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
we came to canada June 2023.My wife and myself filed 2023 tax return and it was assessed. We have two kids also. Do we need to fill RC 151 and Rc66 also
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.)
Hi Zoey, I have a question. My spouse recently became a PR in 2023. Does he need to fill in the GST / HST form, as I have filled the gst/ hst form in 2019 for myself and updated my marital status in cra . Please advise🙏🏽
Hello, thank you for your question. The CRA publication “RC4210 GST/HST Credit” provides some guidance on what information needs to be provided to the CRA when spouse or common-law partner's residency status has changed. References: www.canada.ca/en/revenue-agency/services/forms-publications/publications/rc4210/gst-hst-credit.html#toc7 www.canada.ca/en/revenue-agency/services/child-family-benefits/keep-your-information-date.html#stts_chng You can also contact the CRA to confirm the requirements. 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 situation.
In Canada Revenue Agency , they say " world income", is it net income after tax, or income before tax? Thank you!
Hello, thank you for your question. I am not sure which form/ document you are referring to. Does it state “net world income” or “world income”? Generally, if it states “net world income”, then it is the net income from all sources inside and outside Canada. If it states “world income”, then it is income from all sources inside and outside Canada.
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 situation. If your situation is very complex, please consult with a professional or contact the CRA.
what income you gonna put on step 4 B?
Hello, thank you for your question. If you are referring to the RC151 form, step 4 is your income and your spouse's or common-law partner's (if you have one) income from all sources that was not reported on a Canadian tax return. Generally, the income earned as a non-resident before moving to Canada is non-taxable (except for income received from sources in Canada.) The CRA needs to know your income in order to determine whether you are eligible for benefits. For example, the eligibility for GST/HST credit in 2023 is based on 2022 income.
Disclaimer - Please note that my comments are provided for general informational purposes only. Also, I have no liability or responsibility over your tax situation. If your situation is very complex, please consult with a professional or contact the CRA.
Hi zoey
my spouse is currently not in canada, so in RC151, their is question asking spouse 3 years income, should i need to fill that column, same area its mention
"Do not enter your spouse's or common-law partner's income in this section if they did not become a resident of Canada in that year. You will need to report their
income for this year on Form CTB9, Income of Non-Resident Spouse or Common-Law Partner, when you do your taxes for the year you became a resident of
Canada"
so should i need to submit form CTB9 along with RC151 now or CTB9 form at tax return time, coz am confused in last sentences its mentioning 'WHEN YOU DO YOUR TAXES FOR THE YEAR'
kindly help
Hello, thank you for your question. It is important to determine your spouse’s residency status for income tax purposes. The most important consideration when determining residency status is residential ties with Canada. Significant residential ties include a home, a spouse or common-law partner, or dependants in Canada. Generally, secondary residential ties are looked at collectively in order to evaluate the significance. Some examples include Canadian bank accounts, driver’s licence, economic ties, etc. Generally, if someone establishes significant residential ties with Canada, they are considered as resident of Canada for income tax purposes, except when they are considered to be a resident of another country under an income tax treaty.
If your situation is very complex, please consult with a professional or contact the CRA.
Thank you!
(Disclaimer - Please note that my comments are provided for general informational purposes only.)
Its been a month that i sent my filled form to Sudbury tax centre but haven't heard from them back... What's the problem?
Hello, you can check the CRA standard processing times via the CRA website: www.canada.ca/en/revenue-agency/services/about-canada-revenue-agency-cra/service-standards-cra/service-standards-2023-24.html
You can also contact the CRA if you have any questions about your application.
(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.)
Hi Zoey, Thanks for your video. I had filed for HST/GST in the year 2023 which is the same year that I moved to Canada. Now, while filing my tax refund for the year 2023-24, which is my first tax filing, they are not accepting it as first tax filing. Is it because of the HST/GST claim that I had put in last year?
Hello, thank you for your question. If you are experiencing NETFILE error, please contact the Canada Revenue Agency (CRA). They can investigate the reason for the error and can advise the next steps.
(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.)
Hi Zoey, I learned so much in your channel. I bought some HK insurance policies before coming to Canada. How can I deal with these assets? hope to contact you and get some instructions.
Hello Jason, thank you for your comment and question. My apologies, but I am not taking new clients right now. Thank you!
What is the quickest way to submit this document
Hello, thank you for your question. Please refer to the instructions on the RC151/ RC66 form regarding how/ where to send the documents. Thank you!
Dear Zoey,
Thanks so much for your time and detailed information in your RUclips channel!
I have no friend in Canada and seems difficult to find relevant career information in web. May I seek for your personal comment regarding the career in Canada? Thanks for your great help in advance.
My background: I have a HKICPA qualification and just arrived Calgary a month ago. In Hong Kong, I worked at CPA firm and transferred to compliance sector afterwards.
My question:
1. If I would like to work in tax sector in Calgary, how is entry pathway here? I searched from web and noted that seems some people will join the courses offered by H&R Block, may I know if it is a common and good channel?
2. I found that the membership fee for CPA Canada (Alberta) is quite high and I planned to find some entry-level jobs here because I have no local working experience. May I seek for your advice if I should keep the HKICPA qualification and transfer to CPA Canada afterwards? (I mean no need to transfer to CPA Canada in the first year.)
Thank you again for your help! Really thanks for your nice advice!
Regards,
P.🙏
Hello! Thank you for your comment and questions! Welcome to Canada! I hope you are enjoying Calgary so far! I live in Edmonton, which is just a few hours away!
With your Hong Kong CPA qualification and work experience, there are many opportunities available, such as financial reporting, financial operations, consulting, taxation, auditing, regulatory, etc. I personally think that you should follow your passion and choose a path that you are interested in! Also, I personally don’t think you should limit yourself to entry-level jobs. Most skills and knowledge you obtained in Hong Kong should be transferrable skills. Also, a lot of companies in Canada follow International Financial Reporting Standards (IFRS). I believe Hong Kong also uses IFRS.
I have never taken the H&R Block tax course, so I cannot really comment on it. I have heard that the course provides good basic overview of the Canadian Income Tax system.
Another option would be to find a taxation role with an accounting firm. You will be able to gain practical experience and on the job training.
In the long term, if you would like to develop in-depth income tax knowledge, the CPA Canada offers the In-Depth Tax program. This program is for professionals who want to pursue a career in income taxation.
Regarding your question about when to apply for membership with CPA Canada/ CPA Alberta, this is your personal choice. There may be value in becoming a Canadian CPA as soon as possible, as most Canadian employers recognize the Canada CPA designation, but they may not recognize the Hong Kong CPA designation.
Wishing you all the best!
Thanks,
Zoey
Thank you so much Zoey!
I’m so happy to receive your reply and really thanks for your time and help!
Your comment is very useful for me and you are really helpful!
Thanks again for your warm message and encouragement!
@@ZoeySiu
How to submit the form via CRA?
Hello, thank you for your question.
If you are referring to the RC151 form, the instructions are here:
www.canada.ca/en/revenue-agency/services/forms-publications/forms/rc151.html
If you are referring to the RC66 form, the instructions are here:
www.canada.ca/en/revenue-agency/services/forms-publications/forms/rc66.html
You can also contact the CRA if you have any questions about your application.
(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.)
Hi, I'm a new PR here in Canada. I worked in my home country in 2022 and few months in 2023. Should I state my income from my home country?
Hello, thank you for your question. If you are referring to the RC151 form, “Step 6 - Your income” is your income and your spouse's or common-law partner's (if you have one) income from all sources that was not reported on a Canadian tax return.
Generally, the income earned as a non-resident before moving to Canada is non-taxable (except for income received from sources in Canada.) The CRA needs to know your income in order to determine whether you are eligible for benefits.
(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
I came to canada in Aug 2023.
I filed for the tax return as well for the year 2023-24 .
I just want to know that how will I get the GST/HST refund ?
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!
if I havent filed the taxes yet, what income should I put on Step 4?
Hello, thank you for your question. Step 4 on the RC151 form is for “income from all sources that was NOT reported on a Canadian tax return.” If you have specific question about the form, please contact the CRA.
(Disclaimer - Please note that my comments are provided for general informational purposes only. Also, I have no liability or responsibility over your tax return or benefits.)
Hi Zoey
We (My husband and I) Came to Canada in April 2023 on PR, we have filled taxes. But we have not filled any RC 151 and welcome Canada bonus . Now can we do ot, even after the last day (30th April 2024)
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
we came to canada June 2023.My wife and myself filed 2023 tax return and it was assessed. We have two kids also. Do we need to fill RC 151 and Rc66 also
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.)
Hi Zoey, I have a question. My spouse recently became a PR in 2023. Does he need to fill in the GST / HST form, as I have filled the gst/ hst form in 2019 for myself and updated my marital status in cra . Please advise🙏🏽
Hello, thank you for your question. The CRA publication “RC4210 GST/HST Credit” provides some guidance on what information needs to be provided to the CRA when spouse or common-law partner's residency status has changed.
References:
www.canada.ca/en/revenue-agency/services/forms-publications/publications/rc4210/gst-hst-credit.html#toc7
www.canada.ca/en/revenue-agency/services/child-family-benefits/keep-your-information-date.html#stts_chng
You can also contact the CRA to confirm the requirements.
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 situation.