My_question_is: Canadian-specific Subject: Paying Taxes Expert: taxman at centa.com Date: Thursday October 07, 2004 Time: 08:52 AM -0700 QUESTION: Hi, I have Registed (not Incorporated) company in Ontario with address in Ontario. My wife works in Montreal, Quebec, due to that I will travel (as to say live in Montreal around 70% of my time) between Montreal and Toronto. As mine is Registed company where I have to pay taxes? Please let me know ASAP. Thanks Kumar ================================ david ingram replies: In Canada, we pay tax for the most part in the province where we "live". It sounds like you have two residences and spend 70% of your time in Montreal and should likely pay your tax to Quebec and this is likely true if your business does not have a fixed base in Ontario but just sort of wanders around with you. However, if your business was an insurance agency, service station, store, barber shop, or other fixed base location in Ontario, you are supposed to file a multi-jurisdiction return and pay tax to Ontario on the profits from that business to Ontario. And, because the tax is lower in Ontario, you may wish to file as a resident of Ontario and your wife file as a resident of Montreal. ============= Answers to this and other similar questions can be obtained free on Air every Sunday morning. Every Sunday at 9:00 AM on 600AM in Vancouver, Fred Snyder of Dundee Wealth Management and I, David Ingram will be hosting an INFOMERCIAL but LIVE talk show called "ITS YOUR MONEY" Those outside of the Lower Mainland will be able to listen on the internet at www.600AM.com <http://www.600am.com/> Local calls are taken at (604) 280-0600 and Long Distance calls are taken at 1( 866) 778-0600 I do not know how far the LD line reaches. ========================================= David Ingram's US/Canada Services US / Canada / Mexico tax, Immigration and working Visa Specialists US / Canada Real Estate Specialists 4466 Prospect Road North Vancouver, BC, CANADA, V7N 3L7 Res (604) 980-3578 Cell (604) 657-8451 (604) 980-0321 Fax (604) 980-0325 Email to taxman at centa.com <mailto:taxman at centa.com> www.centa.com <http://www.centa.com> www.david-ingram.com <http://www.david-ingram.com/> Disclaimer: This question has been answered without detailed information or consultation and is to be regarded only as general comment. Nothing in this message is or should be construed as advice in any particular circumstances. No contract exists between the reader and the author and any and all non-contractual duties are expressly denied. All readers should obtain formal advice from a competent and appropriately qualified legal practitioner or tax specialist in connection with personal or business affairs such as at www.centa.com <http://www.centa.com> . If you forward this message, this disclaimer must be included." Be ALERT, the world needs more "lerts" ============================== --- Outgoing mail is certified Virus Free. Checked by AVG anti-virus system (http://www.grisoft.com). Version: 6.0.775 / Virus Database: 522 - Release Date: 10/8/04 --- Outgoing mail is certified Virus Free. Checked by AVG anti-virus system (http://www.grisoft.com). Version: 6.0.775 / Virus Database: 522 - Release Date: 10/8/04
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