BenjaminMoore
Fri Mar 29 2024
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6 answers
1345
How much is 120k after taxes in ontario?
Excuse me, I'm a bit confused about tax calculations in Ontario. Could you please clarify how much would be left after taxes if I earned 120,000 dollars? I understand that taxes vary depending on various factors like income brackets, deductions, and credits, but I'd like to get a general understanding of what the after-tax income would be. Is there a calculator or formula I can use to estimate this? I appreciate your help.
SakuraDance
Fri Mar 29 2024
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6 answers
1137
Can I gift a house to my son without paying taxes in Canada?
I'm a Canadian citizen and I'm considering gifting a house to my son. I've heard that there might be some tax implications involved, but I'm not entirely sure how it works. Can I gift a house to my son without having to pay any taxes in Canada? If so, are there any specific requirements or conditions that I need to meet? I'd appreciate it if you could provide me with some detailed information about the tax implications of gifting a house in Canada. Thank you!
Daniela
Fri Mar 29 2024
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7 answers
1655
Do you pay taxes if you lose money on crypto?
I'm a bit confused about taxes and cryptocurrencies. If I invest in cryptocurrencies and end up losing money, do I still need to pay taxes on those losses? Or is it only when I make a profit that I have to report it to the authorities? I understand that taxes are a necessary evil, but I want to make sure I'm doing everything correctly when it comes to crypto investments. Could you please clarify this for me?
Starlight
Fri Mar 29 2024
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6 answers
1459
Are taxes higher in Canada or USA?
Excuse me, I'm trying to compare the tax systems between Canada and the United States. Could you please tell me which country has higher taxes, on average? I'm particularly interested in income taxes, but also curious about other types of taxes like VAT or property taxes. Additionally, I'd like to know if there are any significant differences in tax policies or structures between the two countries. Could you provide some insight into this matter? Thank you for your time and assistance.
KpopHarmonySoulMateRadiance
Fri Mar 29 2024
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5 answers
1381
Do I have to declare crypto on taxes UK?
I'm a bit confused about the tax regulations regarding cryptocurrencies in the UK. Do I need to declare my crypto holdings when filing my taxes? I've heard different things from different sources, so I'm hoping you can provide some clarity. I understand that crypto is a complex and evolving field, but I just want to make sure I'm complying with the law and not getting into any trouble. Can you explain the current tax treatment of cryptocurrencies in the UK and what I need to do to ensure I'm on the right side of the law?
