Dear Qorax,
1)Is e677 the only form which we should complete if were carring more than $10,000 with us? Is it better if we complete it in advance like the B4?
2)Secondly, when we file for annual tax return do we have to file for GST and HST automatically? or is it optional? Is it best to file for GST? What is it exactly?
3)Thirdly, do we file T4 along with the annual tax return? is filing for T4 optional? Is it best to file for T4?
4)Lastly, is it better if my dad transfers money for me to canada, once every 4-5 months, so it wont be considered as overseas income? otherwise, as you mentioned tax will be charged on the entire amount of overseas income. This money that my dad is transfering is not an income, its just savings.
Plz reply to all my 4 queries, thank you so much you are very great and the best.
1)Is e677 the only form which we should complete if were carring more than $10,000 with us? Is it better if we complete it in advance like the B4?
2)Secondly, when we file for annual tax return do we have to file for GST and HST automatically? or is it optional? Is it best to file for GST? What is it exactly?
3)Thirdly, do we file T4 along with the annual tax return? is filing for T4 optional? Is it best to file for T4?
4)Lastly, is it better if my dad transfers money for me to canada, once every 4-5 months, so it wont be considered as overseas income? otherwise, as you mentioned tax will be charged on the entire amount of overseas income. This money that my dad is transfering is not an income, its just savings.
Plz reply to all my 4 queries, thank you so much you are very great and the best.