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  1. M

    March 2014 applications

    Hi guys, I just got my test letter today.Here is my timeline Application received march 28 Started to be processed on may 6 . My test interview is going to be at Scarbrough .And no ecas update yet. Thanks
  2. M

    Taxes in Canada for the first time...

    If you are a tax resident of Canada (meaning you maintain things like bank accounts, your spouse/kids live here, you have library card and the list goes on...) then you are required to file taxes with your worldwide income. If you have no income then you don't have to file taxes unless you want...
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    Capital gain tax for the GIC capital transfer after immigrate? Please help!

    Your accountant is right. Capital transfer itself not taxable, but capital gain is. The taxable gain/loss will be calculated from the date you became resident(for tax purpose) to the date you actually move the capital. All converted in CAD at spot rate. ¬m2l
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    How much tax to pay on overseas real-estate rental income ?

    It will be taken twice. The whole idea of Canadian taxation is you get more deductions as you make less money. Once she start making money, that amount will be reduced by her net income. So suppose she made 5,000 in 2011 then her tax free portion will only be(10,527 - 5,000). I disagree with...
  5. M

    - - CAPITAL GAINS Tax in Canada on Foreign Property When Exiting

    Only realized capital gains are taxed. So if you decide to sell you house before you relinquish all ties and become non tax-resident of Canada then Yes. Otherwise you pay no taxes. In Canada only 50% of capital gain is taxed at your marginal tax rate. ¬m2l
  6. M

    Failed to declare international income but willing to do now: am I in trouble?!!

    Well you will have to pay something back but by how much it all depends how "considerable" your world income is. You can talk to a local tax expert in your area and they can re-assess your past taxes and returns and tell you approx. amount of repayment. ¬m2l
  7. M

    Can I claim my kids as dependant even they are not in canada

    Yes - you can claim your kids as dependents as long as you support them and no-one else claim them. ¬m2l
  8. M

    Tax question

    The taxes you are filing now is for 2011 so you will file as single or your status as of Dec 31, 2011. ¬m2l
  9. M

    Failed to declare international income but willing to do now: am I in trouble?!!

    You are fine. CRA will happily accept your coming clean and forgive you the penalty amount. They will re-assess all your past taxes and you will have to pay them + interest. ¬m2l
  10. M

    Tax Advice - Am I a non-resident for Tax

    It seems like you are stuck with Canadian Tax if your family decide to move back to Canada because for sure you would be considered tax resident. If in your immigration process you were the sponsor then even if you relinquish your pr you will still need to file your Canadian taxes until your...
  11. M

    How much tax to pay on overseas real-estate rental income ?

    Not exaclty. You also get your first $10,527 tax free known as personal amount and if married for your spouse too. In your case you get $10,527 x 2 ($21,054). You might also qualify for many other deductions but your worst case scenario for federal tax is ($42,456 - 21,054) x 15% = $3,210 For...
  12. M

    Meal-Food options for new immigrant in Toronto

    Economical, healthy, easy fast eating ... all these don't go together in Canada. Really if you are not prepared to cook or at least do some boiling then expect to pay more in healthy eating than housing. You can always learn to boil fresh frozen vegetables and chicken breasts add some salt and...
  13. M

    First Tax Declaration

    1. If it's more than $10K you will declare at the border. That's that and no taxes. 2. When you need to prove your physical presence, you can provide your home bills, OHIP card .... etc 3. It depends. Unlike the US where there is a fixed capital gains tax, In Canada Only 50% of capital gains...
  14. M

    Not getting Car Insurance with USDL

    No - that's not correct. You should be able to insure your car with American driver's licence. Try TD Desjardins (http://www.desjardinsgeneralinsurance.com/d-on/EN/Pages/home.aspx?PRV=ON&LNG=EN) . They insist on having your licence changed to Canadian within 90 days. They are also very good...
  15. M

    Is US DL is valid in Canada?

    Importing car is pretty simple if you follow all the steps. The whole deal can be completed in less than a week. - make sure with RIV that your vehicle is admissible here(http://www.riv.ca/VehicleAdmissibility.aspx) or call 1-888-848-8240 - Get a recall clearance letter from your vehicle...
  16. M

    internationally educated nurses !

    I beleive you would be able to apply and sit for the test, RN or PRN, depending on how you are classified. For Ontario all info can be found here > http://www.cno.org/en/become-a-nurse/new-applicants/international/ ¬m2l
  17. M

    Car Insurance Companies

    You can try here -> http://www.kanetix.ca/auto-insurance and get quotes from various companies. I personally got the best deal from TD Desjardins ->http://www.desjardinsgeneralinsurance.com/d-on/EN/Pages/home.aspx?campagne=D7000001 ¬m2l
  18. M

    Internet/Home Phone/TV/Mobile - Bundle - Toronto area

    Best bang for the buck in Toronto with no contract >>> http://teksavvy.com/en/default.asp ¬m2l
  19. M

    It has been 2 months since we've arrived in Canada...

    Congrats How did you get you LPN licence prior to landing? Can you post the details? ¬m2l