Posted on: 05-03-09 03:17:31
Quote:
Originally posted by vikshr
Quote:
Originally posted by cdn_dude
The amount for the CPP and EI contribution deducted by the employer will not be refunded.
Income upto $3500 are exempt from CPP... then why would CPP (if deducted) not be refunded?
Quote:
Originally posted by cdn_dude
There are some types of incomes (such as scholarships from the universities) are not taxed. That's why I said "not necessarily" in my previous response.
Read my first post carefully... I said "if employer deducted taxes....it will be refunded". I dont know why in response you will bring a reference to "tax free incomes" like scholorship...
Because if your employer is a university, then scholarship/fellowship is considered as your income which is tax exempt. Also, the person here who is receiving the income could be a student (from the age), that's why I brought this up, just as FYI.
Thank you for your correction about CPP limits, I do not remember getting anything back when my income was below the limit! :-(
Quote:
Originally posted by cdn_dude
Thank you for your correction about CPP limits, I do not remember getting anything back when my income was below the limit! :-(
Most tax softwares calculate CPP/EI overpayment underpayment automatically. So if you file your tax return (properly) you do get any overpayment refunded.
That is the reason we are suggesting OP to file tax return.
With $3k as income she owes nothing but a small amount of EI ($51.90)... deduction (if any) over and above that will be refunded.....
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Vik
Quote:
Originally posted by vikshr
That is the reason we are suggesting OP to file tax return.
Sure, I also share the opinion of filing tax return..
