The Federal Tax Credits Blog

Posts Tagged ‘canada’

Question: Would you elect me President of the US?

Here is what I will do. 1 bring our troops home witin 90 days. 2 Put in place very low cost health insnsurane for familys making undae $60,000 a year.3 protect a womens right to choose. 4 Give a tax credit for anyone who buys an american car made in the USA. 5 raise the min wage to $10 a year. 6 impose a heavy tax on any company who gouges the american people. 7 place 15,000 troops at the boarder and shoot to kill after 3 warning shots. Build a 10
foot. Wall on the boarder. 8 fund stem cell research. 9 alow low cost drugs in from Canada. 10 give a $ 2, 000. tax credit for each child under 20 yrs old and a $4,000 tax credit for rach child going to college. 11 no more war unless our soil is invaded. 12 Spend 50 % more on defense. how will i pay for this you say. Stop the wasteful spending, cut all pork and and put a winfall profit tax on large corporations. Reduce the spending on the space program until all americans have what they need on earth.

Answer: 1) Bringing our troops home before the job is done is unjust and wrong. Would you ensure that Iraq was stable in 90 days?

2) Who will pay for the health insurance for those who make less than 60k a year? If you plan on following California’s example by raising the insurance rates of those who have insurance you will see that insurance will go up must for those of us who have coverage and make between 30 and 60k

3) Women have the right to choose. It does not have to be protected. It will remain until there is a constitutional amendment to rid the US of the 14th amendment. That will never happen.

4) Why dont you just lower my income tax. Then I can afford to buy an American made car.

5) You raise the minimum wage to 10 bucks an hour you will be paying 9 bucks for a gallon of milk, and 5 bucks for a loaf of bread.

6) you will have to define gouge. I believe that I am being gouged by the government by the amount of income, social security, medicade taxes I have to pay.

7) studies show that warning shots end up killing innocent people that are not involved and not around the crime scene. Studies have shown that it is safer to shoot the suspect with the first shot. But hey maybe you plan will help lower the world’s over population problem

fetal stem cell research has been proven to provide no other advancements in medicine that adult stem cell research can do.

9) The tax payer in Canada pays for the subsidies that the drug companies receive so it would be a great idea. My taxes will not have to go up to pay for it. It will increase globalization, and world trade. This in turn will increase the coist of Canadian drugs and teh canadians can enjoy the high prices we pay. Oh yeah I got a 10 day prescription of antibiotics that cost me 8 bucks. My brother pays 15 bucks a month for his thyroid meds. But that is way to high.

10) That means that you will be giving me 10k a year for the next 3 years and 8 grand for the next 5 years. I would love that but how will you pay for that?

11) our soil was invaded/attacked on 9-11

12) increases in defense spending is always a good idea. Reagan destroyed the Soviet Union with defense spending. I do not think increased spending will affect the fundamentalist muslims like it did the communisits.

It is almost impossible to stop the pork barrel spending. Every representative in both houses of congress want to get re-elected and how they do that is by bringing federal money into their area.

SO I guess I am down to your original question, will I vote for you?

I doubt it.

Schnitzer Reports Strong First Quarter Fiscal 2011 Performance

Schnitzer Steel Industries, Inc. today reported diluted earnings per share from continuing operations of $0.64 for its fiscal 2011 first quarter ended November 30, 2010. This compares with diluted earnings per share from continuing operations of $0.23 during the first quarter of fiscal 2010.

Reflectix BP24050 24-Inch-by-50-Foot Bubble Pack Insulation $37.00 24″ x 50′, Square Edge Roll Double Bubble, Reflective Foil Insulation. Reflects Up To 97% Of The Radiant Heat With An R-Value Of Up To 14.3 Depending On Application. Excellent Vapor Barrier For Below Grade Installation. Class A/Class 1 Fire Rating, Approved By BOCA, ICBO, SBCCI CCMC, FTC-Compliant, Is Non-Toxic, Non-Carcinogenic, Lightweight & Can Be Installed With Scissors, Staples & Tape. Hundre…

Bosch 1600H NG AquaStar 4.3 GPM Indoor Tankless Natural Gas Water Heater $596.99 Bosch, 1 Major Appliance Or Shower At A Time, Hydro Ignition, Natural Gas Tankless Water Heater, Hydro Ignition Means No Standing Pilot Or Electricity Needed, Water Flow Spins The Hyrdro Igniter Which Generates The Millivolts Needed To Ignite The Gas To The Burners, 117,000 BTU Input Delivers 3.3 Gallons Per Minute At A 55 Degree Fahrenheit Rise, Standing Pilot, 1/2 Gallon Flow To Activate Burners…

Quicken 2010 The Official Guide (Quicken Press) $10.49 The Only Official Guide to the #1 Personal Finance Software Manage your finances and assets with ease! Quicken 2010: The Official Guide is packed with insider tips and expert techniques for tracking your income, expenses, savings, transactions, investments, and so much more. Fully endorsed by Intuit, makers of Quicken, this official guide saves you time and money by showing you how t…

Sony Playstation Network Card – $50 $55.99 The Sony Playstation Network Card can be used to download games, movies, and more from the Playstation Store. In the past, a credit card was required for purchases from the Playstation Store. With the new Playstation Network Cards, users can shop the Playstation Store without needing a credit card. These cards can be used in the Playstation Store on both the PC and the online browser of the Playst…

Chevy Volt Unplugged….. My test drive in NYC

Question: Explain the difference between GST payable and Input tax credit and how they arise?

Answer: GST = general service tax. Buying a service or produce.

Input tax credit – a tax refund a business gets for using products for business.

Australia To Simplify GST Rules On Property,

The Goods and Services Tax (GST) margin scheme that applies to property will be simplified as part of the Gillard government’s ongoing commitment to making Australia’s tax system easier to use and understand, Bill Shorten, Assistant Treasurer, announced on December 10.

Loan payoff caLcuLator Loan payment scheduLe caLcuLator

Question: loan for car in ontario for 19 year old?

hi there im looking to buy a car 2005 Honda accord or 2003 acura rsx 11 – 12 k including taxes and fees.
im working for about 4 months making 1900 monthly i pay no rent etc
i have a credit card for 500$ which is at 50% for the past 7 months
and i have a dell computer loan for 1000 and my cell phone that appears on my credit history also my credit score is 650 which is decent i believe

i don’t want to get financing from the dealer obviously they enjoy bending you over
what other options will be good from your experiences such as bank loan and buying private listings.
thanks.

ps. looking to get it in 3 months with 2k down

Answer: Financed cars is more expensive to insurance cause it requires full coverage. You can compare how much you would pay for full coverage of this car using this tool – carinsurance.deep-ice.com

East-West imbalance unchanged

Edmonton boosters have been fighting in recent weeks to find a way to keep this city’s Indy car race without bleeding public funds.

Canadian Car Czar

Question: If you recieve disability but don’t make enough to pay taxes on it can you still get child credits?

How much to you get for 1 child if earnings were only $7600 &
no taxes were taking through the year

Answer: Good news!

If you only had an income of $7600 and you have a child whom you can claim on your return, you won’t have any tax liability, AND you’ll be able to receive the $1,000 tax credit.

A tax credit offsets your tax liability, meaning it decreases your tax or increases your refund by the amount of the credit. Since you have a zero tax liability, filing your tax return will get you a check in the amount of $1,000 from the federal government.

Tax credit welcomed, but more help urged

Ontario’s new tax credit aimed at helping parents enrol their children in a wide range of extracurricular activities is a step in the right direction, say youth group officials.[...]

Couple Of Facts, The Economy & Cheers!

Question: Is it worth being Non-Resident in Canada for Tax purpose?

I will be working in United Arab Emirates for may be 5 years or even more. I do not own a house in canada but following conditions apply to me;
- I have driver’s license
- Medical Card from a province
- Licensed as Professional Engineer (Membership of Professional Engineers of Ontario)
- I have bank account/credit cards in canada

My spouse and dependents will be living with me and my spouse does not work so I am the sole earner of the family.

Now the question is: Is it worth being Non-Resident in Canada? If yes, what are the advantages and disadvantages? And how to declare my self a Non-Resident?

Answer: The question of residency is decided based on the facts of the particular situation. They look at questions like whether or not you have substantial ties to Canada, and your intent.

If your intent is to leave temporarily, that tends to keep you as a resident.

If you have drivers license, bank accounts, health cards, those are things that are ties to Canada. If you have personal possessions in Canada, that is a tie to Canada.

The big items that tend to show you as not resident, in your case, is that you don’t own property, and that your family will be leaving with you. These are more important than bank accounts, etc.

If you are on a specific term contract, that tends to show that you are leaving temporarily, and more like a resident.

If you are Canadian citizens, you can come and go. If you are not citizens, but permanent residents, then if you are not in the country for at least two out of five years you lose your residency status.

I’m not sure what the general advantages/disadvantages are of keeping your status as residents. There will be effects on you eligibility for provincial health care plans. If you are not resident you don’t have to file and pay taxes. If you are resident you do. I’m not sure that there is an advantage to maintaining residency. If you are citizens, then as soon as you return permanently you re-establish residency, but there may be waiting periods to be eligible for the provincial health care plans.

For Ontario, to maintain health care coverage, you have to be here for 153 days in a 12 month period, and you have to be here three months to re-establish eligibility. (http://www.health.gov.on.ca/en/public/programs/ohip/default.aspx).

Here’s a link for CRA info on residency:

http://www.cra-arc.gc.ca/tx/nnrsdnts/cmmn/rsdncy-eng.html

Canadian Natural Resources Limited Announces 2010 Third Quarter Results

CALGARY, ALBERTA–(Marketwire – Nov. 4, 2010) – Canadian Natural Resources Limited (TSX:CNQ) (NYSE:CNQ) C