多倫多生活討論區 111 一 祝聖誕同新年快樂-執齊啲嘢準備報稅啦!
CNTower
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你試吓filed as coupler（不過係兩張一齊send）。可能有啲著數。我無做過claim唔晒personal exemption既T1。
https://turbotax.intuit.ca/tips/love-and-taxes-the-married-couples-guide-to-taxes-3870#:~:text=Unlike%20other%20countries%20such%20as,significant%20other%20on%20the%20return.
Should you and your spouse file taxes together or separately?
Unlike other countries such as the United States, Canadian tax rules don’t allow spouses or common-laws to file joint income tax returns. Each Canadian files their own tax return and indicates their marital status and name of their significant other on the return.
A coupled return means that each spouse files an individual return, but the returns are prepared together. If you can split or combine any of the above credits, a coupled return is your best bet.
What happens when one spouse earns more income than the other?
Couples where one individual earns significantly more money than the other, often pay more income tax than they would if their incomes were equal.
So it’s important for the spouse with the higher income to maximize deductions to reduce paying taxes at a higher rate.
The CRA doesn’t always allow deductions to be passed on to the spouse. For example, if you or your spouse spends money on child care, it may be possible to deduct some of those expenses from your income when filing your federal income tax return. But with certain exceptions, the person with the lower income must claim the child care expenses.
Are there any tax benefits to being married
The good news is that you can now transfer some credits to your spouse (if you don’t use them first) and pool others. Specifically you can:
Transfer unused credits. If you file as married or common law and have some unused credits, these can be transferred to your spouse or partner. These include tuition amount, age amount, disability amount, and pension income amount.
不過你哋要beware of the 90% rule.
https://help.wealthsimple.com/hc/en-ca/articles/4409322771355-Newcomer-to-Canada-why-do-I-need-to-report-my-foreign-source-income#:~:text=You%20meet%20the%2090%25%20rule%20if%2C%20in%20the%20part%20of,your%20income%20was%20Canadian-sourced.
Newcomer to Canada—why do I need to report my foreign-source income?
This only applies if you immigrated to Canada in the year.
You must report your foreign-source income from the part of the year before you immigrated to Canada because this amount is used to determine if you meet the 90% rule (see below).
When you meet the 90% rule, you can claim the full amount of all Canadian tax credits, even though you didn’t live here all year. If you don’t meet the 90% rule, several credits must be pro-rated based on your date of entry.
You meet the 90% rule if, in the part of the year before you moved to Canada:
you didn’t earn any foreign-source income, or
90% or more of your income was Canadian-sourced.
https://turbotax.intuit.ca/tips/love-and-taxes-the-married-couples-guide-to-taxes-3870#:~:text=Unlike%20other%20countries%20such%20as,significant%20other%20on%20the%20return.
Should you and your spouse file taxes together or separately?
Unlike other countries such as the United States, Canadian tax rules don’t allow spouses or common-laws to file joint income tax returns. Each Canadian files their own tax return and indicates their marital status and name of their significant other on the return.
A coupled return means that each spouse files an individual return, but the returns are prepared together. If you can split or combine any of the above credits, a coupled return is your best bet.
What happens when one spouse earns more income than the other?
Couples where one individual earns significantly more money than the other, often pay more income tax than they would if their incomes were equal.
So it’s important for the spouse with the higher income to maximize deductions to reduce paying taxes at a higher rate.
The CRA doesn’t always allow deductions to be passed on to the spouse. For example, if you or your spouse spends money on child care, it may be possible to deduct some of those expenses from your income when filing your federal income tax return. But with certain exceptions, the person with the lower income must claim the child care expenses.
Are there any tax benefits to being married
The good news is that you can now transfer some credits to your spouse (if you don’t use them first) and pool others. Specifically you can:
Transfer unused credits. If you file as married or common law and have some unused credits, these can be transferred to your spouse or partner. These include tuition amount, age amount, disability amount, and pension income amount.
不過你哋要beware of the 90% rule.
https://help.wealthsimple.com/hc/en-ca/articles/4409322771355-Newcomer-to-Canada-why-do-I-need-to-report-my-foreign-source-income#:~:text=You%20meet%20the%2090%25%20rule%20if%2C%20in%20the%20part%20of,your%20income%20was%20Canadian-sourced.
Newcomer to Canada—why do I need to report my foreign-source income?
This only applies if you immigrated to Canada in the year.
You must report your foreign-source income from the part of the year before you immigrated to Canada because this amount is used to determine if you meet the 90% rule (see below).
When you meet the 90% rule, you can claim the full amount of all Canadian tax credits, even though you didn’t live here all year. If you don’t meet the 90% rule, several credits must be pro-rated based on your date of entry.
You meet the 90% rule if, in the part of the year before you moved to Canada:
you didn’t earn any foreign-source income, or
90% or more of your income was Canadian-sourced.
I don't know how to bold or highlight.
It will be a non refundable credit if you quaslify.
https://www.softrontax.com/blog/TheBasicPersonalAmountandtheSpousalAmount
The Spouse or Common-Law Partner Amount (line 30300) is a non-refundable tax credit that you can claim if, at any time during the year,
you supported your spouse or common-law partner,
and their net income from line 23600 of their tax return (or the amount it would be if they filed a return) was less than your basic personal amount. The spousal amount moves in tandem with the basic personal amount. For the 2024 tax year the spousal amount is set at $15,705. If your spouse or partner was also
dependent on you due to an impairment in physical or mental functions,
you can claim an additional amount. Only one spouse or common-law partner can claim this amount for each other in the same tax year.
The credit is calculated by subtracting your partner’s net income from $15,000 and multiplying the remainder by 15%. The maximum credit is $2,250 ($15,000 x 15%).
The corresponding provincial or territorial non-refundable tax credit on line 58120 of your provincial or territorial Form 428.
https://turbotax.intuit.ca/tips/a-guide-to-claiming-a-non-resident-spouse-and-dependants-on-your-taxes-16057#:~:text=A%20dependant%20is%20someone%20who,are%20mentally%20or%20physically%20disabled.
What are the rules for claiming a dependant?
A dependant is someone who relies on you to provide them with their basic fundamental needs. This includes shelter, food, and clothing. You can claim a spouse as a dependant if they earn little to no income or are mentally or physically disabled.
Family relationships are intricate, of course; therefore, a dependant may be a child, grandchild, stepchild, niece, nephew, brother, sister, etc. These family members may be yours directly, or those of your spouse.
When to claim a spousal amount: 5 examples
To get a better understanding of claiming spousal credits—whether or not your spouse is a Canadian resident—here are some scenarios that could apply to you:
Sole breadwinner in Canada. You work full time and provide housing, clothing, food, and other life necessities for your husband. He had zero income for the tax year. Your personal tax credit is $2,200. Since $2,200 minus zero is $2,200, your spousal amount tax credit is $2,200.
It will be a non refundable credit if you quaslify.
https://www.softrontax.com/blog/TheBasicPersonalAmountandtheSpousalAmount
The Spouse or Common-Law Partner Amount (line 30300) is a non-refundable tax credit that you can claim if, at any time during the year,
you supported your spouse or common-law partner,
and their net income from line 23600 of their tax return (or the amount it would be if they filed a return) was less than your basic personal amount. The spousal amount moves in tandem with the basic personal amount. For the 2024 tax year the spousal amount is set at $15,705. If your spouse or partner was also
dependent on you due to an impairment in physical or mental functions,
you can claim an additional amount. Only one spouse or common-law partner can claim this amount for each other in the same tax year.
The credit is calculated by subtracting your partner’s net income from $15,000 and multiplying the remainder by 15%. The maximum credit is $2,250 ($15,000 x 15%).
The corresponding provincial or territorial non-refundable tax credit on line 58120 of your provincial or territorial Form 428.
https://turbotax.intuit.ca/tips/a-guide-to-claiming-a-non-resident-spouse-and-dependants-on-your-taxes-16057#:~:text=A%20dependant%20is%20someone%20who,are%20mentally%20or%20physically%20disabled.
What are the rules for claiming a dependant?
A dependant is someone who relies on you to provide them with their basic fundamental needs. This includes shelter, food, and clothing. You can claim a spouse as a dependant if they earn little to no income or are mentally or physically disabled.
Family relationships are intricate, of course; therefore, a dependant may be a child, grandchild, stepchild, niece, nephew, brother, sister, etc. These family members may be yours directly, or those of your spouse.
When to claim a spousal amount: 5 examples
To get a better understanding of claiming spousal credits—whether or not your spouse is a Canadian resident—here are some scenarios that could apply to you:
Sole breadwinner in Canada. You work full time and provide housing, clothing, food, and other life necessities for your husband. He had zero income for the tax year. Your personal tax credit is $2,200. Since $2,200 minus zero is $2,200, your spousal amount tax credit is $2,200.
但係正常情況下，我諗新移民第一年都好難可以達到90%全年收入係喺加拿大賺？如果我6月入境，5月喺香港拎咗mpf嘅話，使唔使報埋mpf嘅金額？
所以依照我嘅理解，因為男朋友2024年嘅收入唔符合90% rule，所以佢係冇免稅額（~$15000），所以就算我用common law形式報，都用唔到佢嘅免稅額？
your MPF is not taxable if you received them before you entered Canada.
more about the 90% rule
https://www.acomptax.com/en/international-2/the-90-rule-for-newcomers-to-canada/#:~:text=If%20your%20Canadian%20income%20represents%20less%20than%2090%25%20of%20your,in%20Canada%20during%20the%20year.
The basic amount
Any tax resident of Canada is entitled to a tax exemption on the first $12 000 earned in Canada and $15 000 in Quebec (The principle is much more complex, but we will sometimes address it as an exemption instead of the base amount for better understanding of the concept).
The 90% rule
If you arrived in Canada during the year, the 90% rule applies in one of the two following ways:
If your Canadian income represents more than 90% of your worldwide income (Canada + Previous country of residency), you are exempt from taxes on the first $12 000 federal revenue and $15 000 provincial revenue.
If your Canadian income represents less than 90% of your worldwide income, your basic amount will be proportional to the number of days you have resided in Canada during the year.
more about the 90% rule
https://www.acomptax.com/en/international-2/the-90-rule-for-newcomers-to-canada/#:~:text=If%20your%20Canadian%20income%20represents%20less%20than%2090%25%20of%20your,in%20Canada%20during%20the%20year.
The basic amount
Any tax resident of Canada is entitled to a tax exemption on the first $12 000 earned in Canada and $15 000 in Quebec (The principle is much more complex, but we will sometimes address it as an exemption instead of the base amount for better understanding of the concept).
The 90% rule
If you arrived in Canada during the year, the 90% rule applies in one of the two following ways:
If your Canadian income represents more than 90% of your worldwide income (Canada + Previous country of residency), you are exempt from taxes on the first $12 000 federal revenue and $15 000 provincial revenue.
If your Canadian income represents less than 90% of your worldwide income, your basic amount will be proportional to the number of days you have resided in Canada during the year.
Your boy friend is most likely has less than 90% Canadian income .
Try this or have a professional to help you when you are ready to file
https://turbotax.intuit.ca/tax/filing/free?srsltid=AfmBOoqVvAXA9uzvvUKsdrZilj7hwBJyy5BCQwoBPoyCo-y7amw-Alc9
Try this or have a professional to help you when you are ready to file
https://turbotax.intuit.ca/tax/filing/free?srsltid=AfmBOoqVvAXA9uzvvUKsdrZilj7hwBJyy5BCQwoBPoyCo-y7amw-Alc9
麻煩曬
no problem.
職業病啫.
職業病啫.
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