First tax return - new immigrant

[Hasni]

Dear seniors,

I am a new immigrant and want to file my first tax return in coming March. I have no income in Canada as I am working abroad and shall be going to Canada in March'2015 for goods. Please tell me which particular form/ forms shall I be submitting, attach link if possible. Is it correct that being a first timer, I can't do it online !
Any other suggestions/ tips for a first timer will be appreciated.
Thanks

 

[misag]

Since you will be resident from March 2015, you would have to file your 2015 return by April 2016.

 

[Hasni]

Since you will be resident from March 2015, you would have to file your 2015 return by April 2016.

I already landed in Nov' 2013 and have recently moved my family there. I have already missed tax return of 2014, but have to submit for 2015 in coming March.
Can I have those forms please !! Thanks

 

[misag]

This link should help you. www.netfile.gc.ca. There seems to be some confusion about the tax year. The return for the tax year 2014 is due by April 2015 and the tax year 2013 return was due by April 2014.
I suggest you also try H&Rblockonline.ca and they will guide you through the process as this is your first filing.

 

[Hasni]

Will do, thanks for the info bro, good day

 

[Hamid khan]

hi sir

2014 total my income 23930
i paid tax total 4000

so when i will do tax return do i have pay anything from my site

 

[jmd2014]

This link should help you. www.netfile.gc.ca. There seems to be some confusion about the tax year. The return for the tax year 2014 is due by April 2015 and the tax year 2013 return was due by April 2014.
I suggest you also try H&Rblockonline.ca and they will guide you through the process as this is your first filing.

I would ask any company that you use to help with your taxes if they have experience in dealing with your situation. CRA expects you to report and pay taxes on your worldwide income. If you've already been taxed in the country you already earned the income, there could be tax treaty in place with that country which would prevent you from having to pay tax twice on the same income.

 

[Hasni]

I would ask any company that you use to help with your taxes if they have experience in dealing with your situation. CRA expects you to report and pay taxes on your worldwide income. If you've already been taxed in the country you already earned the income, there could be tax treaty in place with that country which would prevent you from having to pay tax twice on the same income.

thank dear, I am also in search of a good accountant / tax company. It seems quite a complex matter and needs to be addressed with great care. Specially the worldwide income issue.

 

[nekeol]

hi sir

2014 total my income 23930
i paid tax total 4000

so when i will do tax return do i have pay anything from my site

u just file the tax return, and claim refunds,
call me I will arrange ur refunds and submit your return.
just get T4 Summary from the Firm you worked.
Nekeol

 

[nekeol]

thank dear, I am also in search of a good accountant / tax company. It seems quite a complex matter and needs to be addressed with great care. Specially the worldwide income issue.

get T4 summary from the firm you worked or proof of your salaries from other countries
enough for filing returns

2014 T1 returns must be filed before 30th April 2015, including international income
2014 T2 return must be filed before 30th June 2015

 

[torontosm]

thank dear, I am also in search of a good accountant / tax company. It seems quite a complex matter and needs to be addressed with great care. Specially the worldwide income issue.

Hasni,

It's really not that complicated. You have clear residential ties to Canada with your family living here and with you having processed your DL and OHIP here. As a result, you will be considered a resident of Canada for tax purposes, and will be subject to tax on all of your income, regardless where it was earned. If you opt not to declare said income, that's your prerogative; however, doing so will be illegal and may subject you to all sorts of penalties and fines if you are caught.

 

[Hasni]

Hasni,

[/quote]thanks torontosm, how about if I have lived less than 182 days in 2014 in Canada, would I still be considered a resident for tax purposes.
Any rough idea about the minimum worldwide income, after which your money becomes taxable. I don't have any source of income in Canada yet. Will I have to attach the proof of my worldwide income while filing the tax return. Thanks

 

[torontosm]

thanks torontosm, how about if I have lived less than 182 days in 2014 in Canada, would I still be considered a resident for tax purposes.
Any rough idea about the minimum worldwide income, after which your money becomes taxable. I don't have any source of income in Canada yet. Will I have to attach the proof of my worldwide income while filing the tax return. Thanks

Hasni, the 182 days is irrelevant in this case as you have clear residential ties to Canada which make you a resident for tax purposes (http://www.cra-arc.gc.ca/tx/nnrsdnts/cmmn/rsdncy-eng.html). Unlike the US, there is no minimum after which your money is taxable. You are liable for tax on every dollar earned anywhere in the world. you can report the income without providing backup documentation, but I would advise you to have it ready in case the CRA asks for it.

 

[nekeol]

for the new immigrants guide for taxes they may read it for knowledge

http://www.cra-arc.gc.ca/E/pub/tg/t4055/t4055-14e.pdf

 

[Hasni]

for the new immigrants guide for taxes they may read it for knowledge

http://www.cra-arc.gc.ca/E/pub/tg/t4055/t4055-14e.pdf

thanks dear, I am clear now.
Nekeol, thanks for sharing.