Cash job - eligible to sponsor ?

[volkov]

Hey is there a way, I can calculate income tax PROPERLY and accurately, So I went through everything and figured out from July 17 - Dec 30 2015 I made 17,500 that cra doesn't know about. If I could get a proper official income tax calculator then I could figure out how much total tax I'v not paid.

you need to claim all income, as you already figured out in this thread, it is totally your responsibility, if someone pays you cash to do work you must report it

get studiotax (studiotax.com) and run through their free software, it is pretty easy to use

if you can't figure that out you should go to an accountant who shouldn't charge you much at all for such a simple case, but as someone already said you need to re-file and correct your previous return(s) that were missing income on them

 

[alexgomes]

How did you do your 2015 taxes? You can just use the same method but recalculate it using this extra income, to see what the new tax owed would be. You can then do a re-assessment directly from the CRA "my account" webpage.

If your new job is paying you via email transfers and not doing any tax/CPP/EI deductions on each payment, perhaps it's more of a contract/self-employed type job? If this is the case then you may also be able to make some deductions against the income you earned (though I'm just guessing here, really it depends on the details of your employment).

I didn't do my own taxes. My dad knows some guy and he does most of our yearly taxes. I wish I knew little bit more about that taxation process and do it by my self. Maybe in near future I will do mine.

 

[Rob_TO]

I didn't do my own taxes. My dad knows some guy and he does most of our yearly taxes. I wish I knew little bit more about that taxation process and do it by my self. Maybe in near future I will do mine.

You can always just ask the same guy. Give him all the income data and he can process your 2015 re-assessment.

 

[volkov]

I didn't do my own taxes. My dad knows some guy and he does most of our yearly taxes. I wish I knew little bit more about that taxation process and do it by my self. Maybe in near future I will do mine.

don't be scared

get the studiotax software I told you about, it is free, and you can run through it and you don't have to submit it if you don't want to, but just by filling it out and looking through it you will learn a lot about how the tax return works, it is not that difficult, play around with that, it is free

 

[alexgomes]

Ok, so finally I've new 2015 Notice of assessment ready(Reassessed 2015 tax file with all income). Now, since I already submitted my application on May 27 and still haven't received AOR yet. Should I wait for AOR then send new Notice of Assessment? Because right now I don't have any file number/client number or anything. How does AOR look like ? Does it have client id or such thing? So that I can reference it to my client number and send new update to CIC.

 

[volkov]

Ok, so finally I've new 2015 Notice of assessment ready(Reassessed 2015 tax file with all income). Now, since I already submitted my application on May 27 and still haven't received AOR yet. Should I wait for AOR then send new Notice of Assessment? Because right now I don't have any file number/client number or anything. How does AOR look like ? Does it have client id or such thing? So that I can reference it to my client number and send new update to CIC.

I never waited when I had new information, I just sent it, I'm sure they can look you up by name. Of course if they ask you for it again you can send it again if necessary easily enough.