i am about the file my taxes but i dont know if there is a limit in the amount i was allowed to make for the year. I am a full time student in college in montreal, canada. do any of you know if there is a limit that i was allowed to make and how much it is? please help!
thanks
2007-03-14 16:12:57 · 2 answers · asked by girlwiththegoodies 3 in Business & Finance ➔ Taxes ➔ Canada
No there is not a limit, for tax purposes. If you agreed to limit your income for the purposes of financial aid, though, I guess you would have that somewhere in your paperwork. Regardless, report the entire amount you made.
2007-03-15 06:56:44 · answer #1 · answered by CanadianBlondie 5 · 0⤊ 0⤋
no you have to reprt all income from employment (including tips!), income from casual employment, your tuition, intrest on student loans, EI, social assistance, workers comp...everything. I f you make more than about 38000 you are in a higher tax bracet (22%). if you were full time for atleast 4 months you can get it done at H&R Block for about $30.
2007-03-15 03:47:40 · answer #2 · answered by .. 3 · 0⤊ 1⤋