Section 16 sets out a presumption that a spouse's annual income for child support purposes shall be determined from the sources of income set out in Revenue Canada's
T1 General tax return form («Line 150» income).
Your best strategy would be to wait until the budget has been passed into law and the tax regulations are out in the 2010,
T1 General tax guide.
For those who are paid hourly or with fluctuating hours each pay period or on commission, the lenders need to see 2 years of income with
your T1 General tax returns and / or Notice of Assessments (NOA).
In many cases after tax season, we as tax payers will file away
the T1 General tax return with the T4 and when the NOA comes in the mail it goes in a drawer somewhere.
Net income: This is the amount on Line 236 of
your T1 general tax form.
We will ask for 2 years of income with
your T1 General tax returns and / or Notice of Assessments (NOA).
Not exact matches
As I am preparing my income
taxes, I am reminded yet again of the trap that the Canada Revenue Agency has set for taxpayers in the
T1 General form with this innocuous question:
Tax Return T1 General T4 slip T1213 request for reduction of income tax withholding RRSP Contribution Room running tally Schedule 7 Pension Adjustment Reversal form T10, to reverse past PA when employee leaves before benefits ve
Tax Return
T1 General T4 slip
T1213 request for reduction of income
tax withholding RRSP Contribution Room running tally Schedule 7 Pension Adjustment Reversal form T10, to reverse past PA when employee leaves before benefits ve
tax withholding RRSP Contribution Room running tally Schedule 7 Pension Adjustment Reversal form
T10, to reverse past PA when employee leaves before benefits vest.