Canada

Answer

• Canada Taxes Doordash Motor Vehicle Expenses?

  Good morning all,

  Happy Easter🐣 

  I have a question regarding filing my tax for my door-dash:  

  I worked door-dash Oct to December of 2020 (3Month)  

  I made a total of 1.2K dollars

    

  Approx. I put 1.5k KMs on my vehicle for related business  

  Start of 2020 KM is 1000  

  End of 2020 its 7300Therefore, driven for the year is 6300.

  Expenses:  

  1. My insurance premium is super high, I pay about 350 dollars a month. (If I calculate that in a year that's like 4k+)

  2. Total gas is about $500 in the year but since I started my job from Oct to Dec I paid 201.12

  Anyhow,

  Now when I am filing my expenses do I include the full year of the expenses or how does it go?  

  I am using Wealthsimple Tax and it is asking me for KMs driven for business and the total...

  I am assuming they are pro-rating the expenses if I put the entire year but since I started in October 2020 how should I include my expenses for insurance & gas?   

  Should I include the totals for the year or should I only include the totals between the time I was actually working?  

  If there is a website on the CRA that helps with this please refer me there. I tried checking.  

  Thank you in advance & have a great day!

  4 weeks ago

• How do I get my H.B.C. T4? I understand it is done electronically now.?

  4 weeks ago

• Turbotax, '''print returns to MAIL''' - can this be (printed-thus), multiple times?? ?

  -- Also, it says that -- WATERMARKS -- are used on some process-printed tax returns :::  The reason given for this was:  To prevent mail-filing "after" the person has already NETFILED... a redundant thing for the Gov't I guess...  What are the logistic mechanics of all this?  I read before 2018 there were no watermarks(?)

  Turbotax (Canada) let's you print through a certain process to print your return fit for the CRA (no watermarks) -- how does this help the CRA rebut filing from both Netfile, and again MAIL (tandem)?  //\\  Is it true to say that this 'non watermark print process' can only be utilized one single time?  Or something?  "But Absurdity!(?)"

  Also -- the IRS gave a totally dif reason why some prints are w/ watermarks -- they say that returns that don't have the, final forms, not authorized -- get the watermark![?]

  More than anything I seek the mechanical purpose of the watermark, and b) If a NON WATERMARKED, CRA-ready copy of an, tax return can be printed (by the appropriate process) multiple time(?) ::  -- and if that counts against the number of returns you're allowed to file / per your purchase.

  Thanks in advance & remember CAN USA -- is all similar; eh!?

  1 month ago

• How do tax exemptions work for Indigenous Canadians?

  Which taxes do they not have to pay? Like income tax, sales tax, property tax?

  And which Indigenous Canadians have this benefit? 

  2 months ago

• mailing address for completed 2020 tax returns?

  1 Answer2 months ago

• Address to mail T4 summary in Canada?

  2 months ago

• is your GST/HST credit included in your income?

  2 months ago

• Is February 28th the deadline for mailing the T4 slip or for receiving the T4 slip in the mail?

  And if I don’t receive it due to mailing issues will the slip the employer gives the CRA suffice or do I have to double copy and send my T4 slip to the CRA too? 

  2 months ago

• Tax filing of Crypto Earnings in Canada?

  Is it fine to file earnings on crypto after cashing out to the bank? 

  Read the cra site about the guidelines on crypto, 

  my plan is to include in tax filing after cashing out to the bank.

  Losses can file up to 3 years if you dont have capital gains to offset, thinking it would be ok to do the same on capital gains, 

  Concern is Crypto is too volatile, you pay for the taxs on gains already then by suprise you loss everything.

  Please let me know some ideas on what is the best thing I can do in my favor.

  2 months ago

• EI report - CPP and OAS ?

  Hi, I'm getting the EI, and I get the OAS and CPP starting this month.

  In the EI report ( Other Money), should the above two pensions be declared?

  If declared, will the EI amount be deducted or terminated?

  2 months ago

• Gretchen made $56,750 last year.?

  She paid $1,200 in student loan interest and made a $3,000 contribution to her IRA. On her federal tax return, she will claim $4,200 to be the amount of her:

  A.

  Standard deduction

  B.

  AGI

  C.

  Adjustments

  D.

  Taxable income

  4 Answers2 months ago

• are r r s p contributions tax deductable on pension income?

  2 months ago