The fact that I had self-employment income in Quebec and received some childcare advances, means that besides my Federal/BC tax return, I need to file a Quebec tax return. Let's say I received $60K in Quebec in freelance income, then I will end up paying $X (a few thousand) to Quebec.
Now I am...
I have recently moved to BC as a permanent resident, but I am still being paid in the UK on a self employed basis as an online contractor.
I am extremely confused about taxes.. I understand that there is a tax treaty between UK and Canada, but I am unsure who I should pay taxes to...
Hi, looking for help on how I declare an out-of-province property I purchased in 2015. Details:
- BC resident
- Purchased 3-unit rental property in Ontario in early 2015
- Half-ownership with a sibling
- Same sibling occupies one unit in property, pays "rent" towards mortgage / expenses
Just sold a revenue property in BC and had some questions.
How is capital gains tax calculated?
My understanding is that only 50% of the gain (profit?) is taxable. So, is that the price we sold it for minus the price we bought it for divided by two?
Will we owe what ever my...