The last time I did ny own tax returns was 40 years ago.
The T1 seems to be OK.
I think you should fill this out too
https://www.canada.ca/content/dam/cra-arc/formspubs/pbg/5006-tg/5006-tg-22e.pdf
You have to report interest income over $1.00
No question is silly.
移民左去加拿大Toronto 48年 點滴 4
CNTower
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prorate the month-
just report rent paid for 2022. leave 2023 for next year
just report rent paid for 2022. leave 2023 for next year
just fill out the form and see.
I have not file a tax return myself for 40 years
https://www.ontario.ca/page/low-income-workers-tax-credit#section-1
Low-Income Workers Tax Credit
If you’re a low-income worker, find out if you could get personal income tax relief through the Low-Income Workers Tax Credit.
On this pageSkip this page navigation
Overview
Who is eligible
How to claim it
How it is calculated
Contact the Canada Revenue Agency
Overview
The Low-Income Workers Tax Credit (known as Low-income Individuals and Families (LIFT) Tax Credit) is a non-refundable tax credit that you can use to reduce or eliminate your Ontario personal income tax, excluding the Ontario Health Premium.
Who is eligible
Low-income tax filers, including those earning minimum wage, can claim the credit.
To qualify:
you must be a Canadian resident in any province or territory at the start of the tax year
you must be an Ontario resident by the end of the tax year
you must have employment income
you must owe Ontario personal income tax
your individual adjusted net income for the year must be below $50,000 (previously $38,500 for the years 2019, 2020 and 2021)
your adjusted family net income for the year must be below $82,500 (previously $68,500 for the years 2019, 2020 and 2021)
you must not have spent more than six months in prison during the year
How to claim it
You can claim it each year when you file your personal Income Tax and Benefit Return. On the tax return it is called the Low-income Individuals and Families Tax Credit.
How it is calculated
2022 – onward
The maximum credit you can receive is $875 or 5.05% of your employment income, whichever is lower.
This maximum amount is then reduced by 5% of the greater of your:
adjusted individual net income over $32,500
adjusted family net income over $65,000
You may receive a reduced credit if your:
individual adjusted net income is between $32,500 and $50,000
adjusted family net income is between $65,000 and $82,500
2019, 2020 and 2021
The maximum credit you can receive is $850 or 5.05% of your employment income, whichever is lower.
This maximum amount is then reduced by 10% of the greater of your:
adjusted individual net income over $30,000
adjusted family net income over $60,000
You may receive a reduced credit if your:
individual adjusted net income is between $30,000 and $38,500
adjusted family net income is between $60,000 and $68,500
A single person who works full time at minimum wage (earning nearly $30,000) with no other income will:
receive $850 in tax relief
pay no Ontario personal income tax
Those who earn more than $30,000 will receive less than $850 or no tax relief from this credit.
I have not file a tax return myself for 40 years
https://www.ontario.ca/page/low-income-workers-tax-credit#section-1
Low-Income Workers Tax Credit
If you’re a low-income worker, find out if you could get personal income tax relief through the Low-Income Workers Tax Credit.
On this pageSkip this page navigation
Overview
Who is eligible
How to claim it
How it is calculated
Contact the Canada Revenue Agency
Overview
The Low-Income Workers Tax Credit (known as Low-income Individuals and Families (LIFT) Tax Credit) is a non-refundable tax credit that you can use to reduce or eliminate your Ontario personal income tax, excluding the Ontario Health Premium.
Who is eligible
Low-income tax filers, including those earning minimum wage, can claim the credit.
To qualify:
you must be a Canadian resident in any province or territory at the start of the tax year
you must be an Ontario resident by the end of the tax year
you must have employment income
you must owe Ontario personal income tax
your individual adjusted net income for the year must be below $50,000 (previously $38,500 for the years 2019, 2020 and 2021)
your adjusted family net income for the year must be below $82,500 (previously $68,500 for the years 2019, 2020 and 2021)
you must not have spent more than six months in prison during the year
How to claim it
You can claim it each year when you file your personal Income Tax and Benefit Return. On the tax return it is called the Low-income Individuals and Families Tax Credit.
How it is calculated
2022 – onward
The maximum credit you can receive is $875 or 5.05% of your employment income, whichever is lower.
This maximum amount is then reduced by 5% of the greater of your:
adjusted individual net income over $32,500
adjusted family net income over $65,000
You may receive a reduced credit if your:
individual adjusted net income is between $32,500 and $50,000
adjusted family net income is between $65,000 and $82,500
2019, 2020 and 2021
The maximum credit you can receive is $850 or 5.05% of your employment income, whichever is lower.
This maximum amount is then reduced by 10% of the greater of your:
adjusted individual net income over $30,000
adjusted family net income over $60,000
You may receive a reduced credit if your:
individual adjusted net income is between $30,000 and $38,500
adjusted family net income is between $60,000 and $68,500
A single person who works full time at minimum wage (earning nearly $30,000) with no other income will:
receive $850 in tax relief
pay no Ontario personal income tax
Those who earn more than $30,000 will receive less than $850 or no tax relief from this credit.
而家諗緊去邊區好 
Depends on what you plan to do here and your budget.
Adjust the filter yourself. I set it to 1520
https://www.kijiji.ca/b-apartments-condos/city-of-toronto/c37l1700273?ll=43.653226%2C-79.383184&address=Toronto%2C+ON&radius=7.0&price=__1520
Adjust job search yourself
https://ca.indeed.com/jobs?gbraid=0AAAAADf_OYEtGUOCpWEkeNzVwMY1cEKqO&l=Toronto%2C+ON&redirected=1&aceid=&gbraid=0AAAAADf_OYEtGUOCpWEkeNzVwMY1cEKqO&aceid=&gclid=Cj0KCQiAx6ugBhCcARIsAGNmMbj70uvpj2RAPxCl5uL-LuQ6ARCiv2CleJsIqwQqAwYMK5UA8UDBXbwaApVhEALw_wcB&gclsrc=aw.ds&vjk=3cba6f2475a921ed
https://www.kijiji.ca/b-apartments-condos/city-of-toronto/c37l1700273?ll=43.653226%2C-79.383184&address=Toronto%2C+ON&radius=7.0&price=__1520
Adjust job search yourself
https://ca.indeed.com/jobs?gbraid=0AAAAADf_OYEtGUOCpWEkeNzVwMY1cEKqO&l=Toronto%2C+ON&redirected=1&aceid=&gbraid=0AAAAADf_OYEtGUOCpWEkeNzVwMY1cEKqO&aceid=&gclid=Cj0KCQiAx6ugBhCcARIsAGNmMbj70uvpj2RAPxCl5uL-LuQ6ARCiv2CleJsIqwQqAwYMK5UA8UDBXbwaApVhEALw_wcB&gclsrc=aw.ds&vjk=3cba6f2475a921ed
depends on what you are looking for.
Go to the Toronto Life discussion and someone with similar experience can help you better. I have not been a renter for over 40 years.
Just be very careful about rental scams.
Go to the Toronto Life discussion and someone with similar experience can help you better. I have not been a renter for over 40 years.
Just be very careful about rental scams.
non-refundable tax credit
you won't get any money back. It can only reduce your taxes payable.
you won't get any money back. It can only reduce your taxes payable.
Hard to find employment in Calgary.
If Calgary is that good, then everyone will rush to there.
Read about he recession in Calgary just a about 10 years ago.
If Calgary is that good, then everyone will rush to there.
Read about he recession in Calgary just a about 10 years ago.
https://www.cdhowe.org/expert-op-eds/wheres-oil-boom-why-albertas-recent-good-fortune-mostly-mirage-globe-and-mail-op-ed
November 28, 2022
Alberta has earned a reputation over many decades for being a boom-bust economy. Strong oil demand and high prices have created boom times for jobs, incomes, investment and government revenues, while weak demand and falling prices have meant a slowdown or even recession on occasion.
But now, global demand for oil is again rising and prices are high, yet more oil-production revenue is not translating into a sustained economic boom for Alberta.
The province’s economy grew by 4.8 per cent in real terms (with inflation removed) in 2021. A budget surplus has financed or paid for Premier Danielle Smith’s latest inflation-relief handouts. While that sounds good, there was no oil boom; this growth is simply part of a pan-Canadian recovery from the pandemic shutdown in early 2020.
Despite high oil revenues, Alberta’s 2021 growth performance trailed that of most other provinces and territories, ahead of only Manitoba, Newfoundland and Labrador and Saskatchewan. Growth has since slowed with a weak outlook and possible recession projected into 2023.
The reason for this is that oil producers may be reaching a pivotal point, eschewing expansion and even seeking to reinvent their business model amid a global push for structural change toward energy with much lower greenhouse gas emissions.
A significant shift appears to be taking place in how the province’s oil producers are allocating their revenues away from investment and toward payments to investors. Although oil revenues have soared to more than $12-billion a month in 2022 thanks to high prices and record-high provincial oil production, this revenue gusher is not translating into strong investment.
Alberta Central, which serves the province’s credit unions, has analyzed the financial statements of major oil producers. It estimates the share of oil producer revenues being used for dividends and share buybacks has nearly tripled to 11 per cent today, compared with about 4 per cent in 2014. Most shareholders receiving the boost to income and asset values are not Albertan or Canadian, so there is financial leakage that is limiting overall provincial growth.
Moreover, Alberta-based oil producers are reinvesting much less into their operations than before – $15-billion or 7 per cent of producer revenues today, versus $25-billion or 25 per cent of revenues at the peak in 2014. Current investment is largely focused on capital expenditures that improve operating efficiency, not on expanding longer-term oil production capacity.
A few interpretations are possible. The numbers could reflect a temporary adjustment due to the exceptional sudden windfall in oil revenues. This interpretation might explain the exceptional dividends and buybacks, but not the sharp drop in oil revenues being allocated to investment, or the shift from capacity building to investing for efficiency.
A second interpretation would focus on specific bottlenecks. Insufficient pipeline capacity for Alberta’s oil can discourage investment in new oil production. Regulatory delays can impair investment appetite. A proposed cap on oil and gas sector emissions would add another layer of uncertainty. These interpretations are reasonable, but do not address the full context.
A more holistic interpretation is that many Canadian oil producers have begun a structural repositioning of their business model, reflecting a global shift toward energy production and use with much lower GHG emissions. By extracting maximum shareholder value from existing assets and limiting investing in significant new productive capacity, oil-producing firms would be acting like a rational business in a mature industry facing an eventual decline in demand. When demand might soon plateau, value for shareholders and business repositioning become higher priorities than investing in production.
November 28, 2022
Alberta has earned a reputation over many decades for being a boom-bust economy. Strong oil demand and high prices have created boom times for jobs, incomes, investment and government revenues, while weak demand and falling prices have meant a slowdown or even recession on occasion.
But now, global demand for oil is again rising and prices are high, yet more oil-production revenue is not translating into a sustained economic boom for Alberta.
The province’s economy grew by 4.8 per cent in real terms (with inflation removed) in 2021. A budget surplus has financed or paid for Premier Danielle Smith’s latest inflation-relief handouts. While that sounds good, there was no oil boom; this growth is simply part of a pan-Canadian recovery from the pandemic shutdown in early 2020.
Despite high oil revenues, Alberta’s 2021 growth performance trailed that of most other provinces and territories, ahead of only Manitoba, Newfoundland and Labrador and Saskatchewan. Growth has since slowed with a weak outlook and possible recession projected into 2023.
The reason for this is that oil producers may be reaching a pivotal point, eschewing expansion and even seeking to reinvent their business model amid a global push for structural change toward energy with much lower greenhouse gas emissions.
A significant shift appears to be taking place in how the province’s oil producers are allocating their revenues away from investment and toward payments to investors. Although oil revenues have soared to more than $12-billion a month in 2022 thanks to high prices and record-high provincial oil production, this revenue gusher is not translating into strong investment.
Alberta Central, which serves the province’s credit unions, has analyzed the financial statements of major oil producers. It estimates the share of oil producer revenues being used for dividends and share buybacks has nearly tripled to 11 per cent today, compared with about 4 per cent in 2014. Most shareholders receiving the boost to income and asset values are not Albertan or Canadian, so there is financial leakage that is limiting overall provincial growth.
Moreover, Alberta-based oil producers are reinvesting much less into their operations than before – $15-billion or 7 per cent of producer revenues today, versus $25-billion or 25 per cent of revenues at the peak in 2014. Current investment is largely focused on capital expenditures that improve operating efficiency, not on expanding longer-term oil production capacity.
A few interpretations are possible. The numbers could reflect a temporary adjustment due to the exceptional sudden windfall in oil revenues. This interpretation might explain the exceptional dividends and buybacks, but not the sharp drop in oil revenues being allocated to investment, or the shift from capacity building to investing for efficiency.
A second interpretation would focus on specific bottlenecks. Insufficient pipeline capacity for Alberta’s oil can discourage investment in new oil production. Regulatory delays can impair investment appetite. A proposed cap on oil and gas sector emissions would add another layer of uncertainty. These interpretations are reasonable, but do not address the full context.
A more holistic interpretation is that many Canadian oil producers have begun a structural repositioning of their business model, reflecting a global shift toward energy production and use with much lower GHG emissions. By extracting maximum shareholder value from existing assets and limiting investing in significant new productive capacity, oil-producing firms would be acting like a rational business in a mature industry facing an eventual decline in demand. When demand might soon plateau, value for shareholders and business repositioning become higher priorities than investing in production.
Uncle 最後身體好嗎～？
fine.
