Taxable income

[MountainMan256]

Hi, sorry for all the questions and I'm not sure where to put this, but I am soon a common law applicant and I was curious. As I am taking a online school from the states, full time, I recieve the Pell Grant from the US. It covers my tuition and books. In the states, it is considered untaxable income. I was curious if I have to label the 5400 USD I recieve for tuition and books from the pell grant and file taxes in Canada, since I have been here on visitor(temporary resident) status for over a year. I was reading on Turbotax and it said "Full tax exemption applies to scholarships, fellowships and bursaries awarded for full-time study toward a diploma or degree, with the exception of postdoctoral study." I am not sure if I am also exempt. Thanks!

 

[MountainMan256]

Anyone?

 

[MountainMan256]

Any ideas?

 

[Alurra71]

Your common law partner and yourself should be filing taxes as common law partners. I do not believe the pell grant counts as income but you should check with a well versed US/Canada tax accountant regarding that to be sure.

 

[MountainMan256]

Your common law partner and yourself should be filing taxes as common law partners. I do not believe the pell grant counts as income but you should check with a well versed US/Canada tax accountant regarding that to be sure.

We are not common law until May of 2018. So we don't file together until 2019 for the 2018 year correct? She will do the CRA thing in May and put me as her Common Law partner, then do the 2018 tax filing with me included. Not for the 2017 year as we aren't common law yet. Also just to clarify, since I am still a visitor with no income, do I need to file taxes?

 

[Alurra71]

We are not common law until May of 2018. So we don't file together until 2019 for the 2018 year correct? She will do the CRA thing in May and put me as her Common Law partner, then do the 2018 tax filing with me included. Not for the 2017 year as we aren't common law yet. Also just to clarify, since I am still a visitor with no income, do I need to file taxes?

No, you do not need to file taxes as a visitor. You only need to file Canadian taxes if you earn pay from a canadian job.

 

[MountainMan256]

Hi just double checking.

I have been in Canada as a extended visitor status for over 1 year. Do I have to file taxes? I read on the CRA people who stay in Canada for over 180 days and have a house ( I have a lease ) may be considered deemed residents for taxation purposes.

Also, if I do have to file, how much "income" is required to file? I get a Pell Grant for 5900 USD, which is untamable in the US, and it looks like grants are also untamable in Canada if it's for a full time student.

 

[MountainMan256]

How much world income must you have to be required to file taxes? Is it the same as the normal req?

 

[MountainMan256]

Anyone?

 

[YVR123]

I think that you should file tax since you are a deemed tax resident.
For details if the grant is taxable income or not, it's better to seek advice of an accountant whose familiar with Cnd tax with American income.

 

[MountainMan256]

Let's say you make no money, and the world income is worth less then the required amount to file, are you required to file if you have world income under the amount?

 

[MountainMan256]

In the US you need a minimum of 10,500 USD (approx) to be required to file taxes.

I know this is different in Canada. How much income do you have to have before you are required to pay taxes?

Also, would I need a Temporary tax number?