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Current CRA website

Examples – Tax payable on excess TFSA amount

This amount was calculated as 1% of the highest excess TFSA amount per month from October to December ($2,100 × 1% × 3 months = $63). ... As of that date, his total contributions in 2024 were $9,200 ($5,000 + $1,500 + $2,700). ... Tax of 1% per month on the excess amount was $28 ($1,900 × 1% × 2 months). ...
Current CRA website

RRSP, RRIF, RDSP & RESP Non-Qualified Investment Information Return

<NameInitialText></NameInitialText>- 1 alpha- initial of the annuitant/holder/subscriber’s second given name </AnnuitantName> <AnnuitantSocialInsuranceNumber></AnnuitantSocialInsuranceNumber>- Required, 9 numeric- when the annuitant/holder/subscriber has failed to provide a SIN, enter zeroes in the entire field- enter the annuitant/holder/subscriber’s SIN or temporary tax number <AnnuitantAddress> <AddressLine1Text></AddressLine1Text>- 30 alphanumeric- First line of the annuitant/holder/subscriber’s address <AddressLine2Text></AddressLine2Text>- 30 alphanumeric- second line of the annuitant/holder/subscriber’s address <CityName></CityName>- 28 alphanumeric- city in which the annuitant/holder/subscriber is located <ProvinceStateCode></ProvinceStateCode>- 2 alpha- Canadian province or territory in which the annuitant/holder/subscriber is located or the state in the USA where the annuitant/holder/subscriber is located- use the abbreviations listed in the " T619- Electronic media transmittal " under section: Transmitter province or territory code- when the annuitant/holder/subscriber’s country code is neither CAN nor USA, enter ZZ in this field <CountryCode></CountryCode>- 3 alpha- country in which the annuitant/holder/subscriber is located- use the alphabetic country codes as outlined in the International Standard (ISO) 3166 Codes for the Representation of Names of Countries- always use CAN for Canada, and USA for the United States of America <PostalZipCode></PostalZipCode>- 10 alphanumeric- annuitant/holder/subscriber’s Canadian postal code, format: alpha, numeric, alpha, numeric, alpha, numeric, example: A9A9A9- or the annuitant/holder/subscriber’s USA zip code- or where the annuitant/holder/subscriber’s country code is neither CAN nor USA, enter the foreign postal code </AnnuitantAddress> <ContractID> <RRSPOrRRIFNumber></RRSPOrRRIFNumber>- Required, 20 alphanumeric- Registered Retirement Savings Plan, Registered Retirement Income Fund, Registered Disability Savings Plan or Registered Education Savings Plan specimen plan/fund number that was issued by the CRA <RRSPOrRRIFContractNumber></RRSPOrRRIFContractNumber>- Required, 30 alphanumeric- Registered Retirement Savings Plan, Registered Retirement Income Fund, Registered Disability Savings Plan or Registered Education Savings Plan contract number issued by the financial institution </ContractID> <SlipReportTypeCode></SlipReportTypeCode>- Required, 1 alpha- original = O- amendment = A- cancel = C Note: An original return cannot contain an amended or cancelled slip. ... </SlipIdentification> </RRSPOrRRIFNQISlip> <RRSPOrRRIFNQISummary> <FilerAccountNumber></FilerAccountNumber> For original returns:- Required, 15 alphanumeric, 9 digits RZ 4 digits, example 000000000RZ0000- use the account number assigned to file the RRSP contribution receipt filing return with the CRA- if you have not been notified of your number, or you are unsure of your number, contact our Business Enquiries line at 1-800-959-5525 For amended returns:- Required, enter the same account number used in the original filed return <SummaryReportTypeCode></SummaryReportTypeCode>- Required, 1 alpha- original = O- amendment = A Note: An original return cannot contain an amended or a canceled slip. ... <TaxationYear></TaxationYear>- Required, 4 numeric- taxation year reported (e.g., 2011) <TotalSlipCount></TotalSlipCount>- Required, 7 numeric- total number of slips filed with this summary <FilerName> <NameLine1Text ></NameLine1Text>- Required, 35 alphanumeric- first line of filer/issuer/carrier/promoter’s name- if "&" is used in the name area enter as "&amp;" <NameLine2Text ></NameLine2Text>- 35 alphanumeric- second line of filer/issuer/carrier/promoter’s name <NameLine3Text ></NameLine3Text>- 35 alphanumeric- use for "care of" or "attention" </FilerName> <FilerAddress> <AddressLine1Text></AddressLine1Text>- 30 alphanumeric- first line of the filer/issuer/carrier/promoter’s address <AddressLine2Text></AddressLine2Text>- 30 alphanumeric- second line of the filer/issuer/carrier/promoter’s address <CityName></CityName>- 28 alphanumeric- city in which the filer/issuer/carrier/promoter is located <ProvinceStateCode></ProvinceStateCode>- 2 alpha- Canadian province or territory in which the filer/issuer/carrier/promoter is located or the state in the USA where the filer/issuer/carrier/promoter is located- use the abbreviations listed in the " T619- Electronic media transmittal " under section: Transmitter province or territory code- when the filer/issuer/carrier/promoter's country code is neither CAN nor USA, enter ZZ in this field <CountryCode></CountryCode>- 3 alpha- country in which the filer/issuer/carrier/promoter is located- use the alphabetic country codes as outlined in the International Standard (ISO) 3166 Codes for the Representation of Names of Countries- always use CAN for Canada, and USA for the United States of America <PostalZipCode></PostalZipCode>- Require d, 10 alphanumeric- filer/issuer/carrier/promoter’s Canadian postal code, format: alpha, numeric, alpha, numeric, alpha, numeric, example: A9A9A9- or the filer/issuer/carrier/promoter’s USA zip code- or when the filer/issuer/carrier/promoter’s country code is neither CAN nor USA, enter the foreign postal code </FilerAddress> <FilerContact> <ContactFamilyName></ContactFamilyName>- Required, 30 alphanumeric- contact’s surname for this return- omit titles such as Mr., Mrs., etc.- do not include the first given name or initial <ContactGivenName></ContactGivenName>- Required, 30 alphanumeric- first 30 letters of the contacts first given name Note: If only initials are available, provide contact’s first initial <ContactAreaCode></ContactAreaCode>- Required, 3 numeric- area code of telephone number <ContactPhoneNumber></ContactPhoneNumber>- Required, 3 numeric with a hyphen (-), followed by 4 numeric- telephone number of the contact <ContactExtensionNumber></ContactExtensionNumber>- 5 numeric- extension of the contact <ContactEmailAddress></ContactEmailAddress>- Required, 60 alphanumeric- contact’s email address </FilerContact> <TotalAcquiredNonQualifiedInvestmentFairMarketValueAmount> </TotalAcquiredNonQualifiedInvestmentFairMarketValueAmount>- Required, 15 numeric characters, enter dollars and cents. ...
Current CRA website

RRSP, RRIF, RDSP & RESP Non-Qualified Investment Information Return

RRSP, RRIF, RDSP & RESP Non-Qualified Investment Information Return 2024V1- updated 2023-10-05 What’s New: No changes <Return> <RRSPOrRRIFNonQualifiedInvestment> <RRSPOrRRIFNQISlip> <Transaction> <TransactionDate> <NQITransactionDay></NQITransactionDay>- Required, 2 numeric- enter the 2 digits corresponding to the day for this transaction (ex.: 29) <NQITransactionMonth></NQITransactionMonth>- Require d, 2 numeric- enter the 2 digits corresponding to the month for this transaction (ex.: 12) <NQITransactionYear></NQITransactionYear>- Required, 4 numeric- enter the 4 digits corresponding to the year for this transaction (ex.: 2011) </TransactionDate> <AcquiredNonQualifiedInvestmentFairMarketValueAmount> </AcquiredNonQualifiedInvestmentFairMarketValueAmount>- Required, 11 numeric, enter dollars and cents- Fair Market Value when it became a non-qualified investment or was acquired as such- do not report negative values- do not enter a dollar sign <DisposedNonQualifiedInvestmentFairMarketValueAmount> </DisposedNonQualifiedInvestmentFairMarketValueAmount>- Required, 11 numeric, enter dollars and cents- Fair Market Value when it ceased to be a non-qualified investment or was disposed of- do not report negative values- do not enter a dollar sign <NonQualifiedInvestmentDescription></NonQualifiedInvestmentDescription>- Require d, 120 alphanumeric- enter the description of the investment, this may include the trade name of the company or investment, the stock exchange and the stock ticker of the investment. ... <NameInitialText></NameInitialText>- 1 alpha- initial of the annuitant/holder/subscriber’s second given name </AnnuitantName> <AnnuitantSocialInsuranceNumber></AnnuitantSocialInsuranceNumber>- Required, 9 numeric- when the annuitant/holder/subscriber has failed to provide a SIN, enter zeroes in the entire field- enter the annuitant/holder/subscriber’s SIN or temporary tax number <AnnuitantAddress> <AddressLine1Text></AddressLine1Text>- 30 alphanumeric- First line of the annuitant/holder/subscriber’s address <AddressLine2Text></AddressLine2Text>- 30 alphanumeric- second line of the annuitant/holder/subscriber’s address <CityName></CityName>- 28 alphanumeric- city in which the annuitant/holder/subscriber is located <ProvinceStateCode></ProvinceStateCode>- 2 alpha- Canadian province or territory in which the annuitant/holder/subscriber is located or the state in the USA where the annuitant/holder/subscriber is located- use the abbreviations listed in the T619- Electronic transmittal under section: Transmitter province or territory code- when the annuitant/holder/subscriber’s country code is neither CAN nor USA, enter ZZ in this field <CountryCode></CountryCode>- 3 alpha- country in which the annuitant/holder/subscriber is located- use the alphabetic country codes as outlined in the International Standard (ISO) 3166 Codes for the Representation of Names of Countries- always use CAN for Canada, and USA for the United States of America <PostalZipCode></PostalZipCode>- 10 alphanumeric- annuitant/holder/subscriber’s Canadian postal code, format: alpha, numeric, alpha, numeric, alpha, numeric, example: A9A9A9- or the annuitant/holder/subscriber’s USA zip code- or where the annuitant/holder/subscriber’s country code is neither CAN nor USA, enter the foreign postal code </AnnuitantAddress> <ContractID> <RRSPOrRRIFNumber></RRSPOrRRIFNumber>- Required, 20 alphanumeric- Registered Retirement Savings Plan, Registered Retirement Income Fund, Registered Disability Savings Plan or Registered Education Savings Plan specimen plan/fund number that was issued by the CRA <RRSPOrRRIFContractNumber></RRSPOrRRIFContractNumber>- Required, 30 alphanumeric- Registered Retirement Savings Plan, Registered Retirement Income Fund, Registered Disability Savings Plan or Registered Education Savings Plan contract number issued by the financial institution </ContractID> <SlipReportTypeCode></SlipReportTypeCode>- Required, 1 alpha- original = O- amendment = A- cancel = C Note: An original return cannot contain an amended or cancelled slip. ... </SlipIdentification> </RRSPOrRRIFNQISlip> <RRSPOrRRIFNQISummary> <FilerAccountNumber></FilerAccountNumber> For original returns:- Required, 15 alphanumeric, 9 digits RZ 4 digits, example 000000000RZ0000- use the account number assigned to file the RRSP contribution receipt filing return with the CRA- if you have not been notified of your number, or you are unsure of your number, contact our Business Enquiries line at 1-800-959-5525 For amended returns:- Required, enter the same account number used in the original filed return <SummaryReportTypeCode></SummaryReportTypeCode>- Required, 1 alpha- original = O- amendment = A Note: An original return cannot contain an amended or a canceled slip. ...
Current CRA website

RRSP, RRIF, RDSP & RESP Non-Qualified Investment Information Return

RRSP, RRIF, RDSP & RESP Non-Qualified Investment Information Return 2022V1- updated 2021-09-06 What’s New: No changes <Return> <RRSPOrRRIFNonQualifiedInvestment> <RRSPOrRRIFNQISlip> <Transaction> <TransactionDate> <NQITransactionDay></NQITransactionDay>- Required, 2 numeric- enter the 2 digits corresponding to the day for this transaction (ex.: 29) <NQITransactionMonth></NQITransactionMonth>- Require d, 2 numeric- enter the 2 digits corresponding to the month for this transaction (ex.: 12) <NQITransactionYear></NQITransactionYear>- Required, 4 numeric- enter the 4 digits corresponding to the year for this transaction (ex.: 2011) </TransactionDate> <AcquiredNonQualifiedInvestmentFairMarketValueAmount> </AcquiredNonQualifiedInvestmentFairMarketValueAmount>- Required, 11 numeric, enter dollars and cents- Fair Market Value when it became a non-qualified investment or was acquired as such- do not report negative values- do not enter a dollar sign <DisposedNonQualifiedInvestmentFairMarketValueAmount> </DisposedNonQualifiedInvestmentFairMarketValueAmount>- Required, 11 numeric, enter dollars and cents- Fair Market Value when it ceased to be a non-qualified investment or was disposed of- do not report negative values- do not enter a dollar sign <NonQualifiedInvestmentDescription></NonQualifiedInvestmentDescription>- Require d, 120 alphanumeric- enter the description of the investment, this may include the trade name of the company or investment, the stock exchange and the stock ticker of the investment. ... <NameInitialText></NameInitialText>- 1 alpha- initial of the annuitant/holder/subscriber’s second given name </AnnuitantName> <AnnuitantSocialInsuranceNumber></AnnuitantSocialInsuranceNumber>- Required, 9 numeric- when the annuitant/holder/subscriber has failed to provide a SIN, enter zeroes in the entire field- enter the annuitant/holder/subscriber’s SIN or temporary tax number <AnnuitantAddress> <AddressLine1Text></AddressLine1Text>- 30 alphanumeric- First line of the annuitant/holder/subscriber’s address <AddressLine2Text></AddressLine2Text>- 30 alphanumeric- second line of the annuitant/holder/subscriber’s address <CityName></CityName>- 28 alphanumeric- city in which the annuitant/holder/subscriber is located <ProvinceStateCode></ProvinceStateCode>- 2 alpha- Canadian province or territory in which the annuitant/holder/subscriber is located or the state in the USA where the annuitant/holder/subscriber is located- use the abbreviations listed in the T619- Electronic transmittal under section: Transmitter province or territory code- when the annuitant/holder/subscriber’s country code is neither CAN nor USA, enter ZZ in this field <CountryCode></CountryCode>- 3 alpha- country in which the annuitant/holder/subscriber is located- use the alphabetic country codes as outlined in the International Standard (ISO) 3166 Codes for the Representation of Names of Countries- always use CAN for Canada, and USA for the United States of America <PostalZipCode></PostalZipCode>- 10 alphanumeric- annuitant/holder/subscriber’s Canadian postal code, format: alpha, numeric, alpha, numeric, alpha, numeric, example: A9A9A9- or the annuitant/holder/subscriber’s USA zip code- or where the annuitant/holder/subscriber’s country code is neither CAN nor USA, enter the foreign postal code </AnnuitantAddress> <ContractID> <RRSPOrRRIFNumber></RRSPOrRRIFNumber>- Required, 20 alphanumeric- Registered Retirement Savings Plan, Registered Retirement Income Fund, Registered Disability Savings Plan or Registered Education Savings Plan specimen plan/fund number that was issued by the CRA <RRSPOrRRIFContractNumber></RRSPOrRRIFContractNumber>- Required, 30 alphanumeric- Registered Retirement Savings Plan, Registered Retirement Income Fund, Registered Disability Savings Plan or Registered Education Savings Plan contract number issued by the financial institution </ContractID> <SlipReportTypeCode></SlipReportTypeCode>- Required, 1 alpha- original = O- amendment = A- cancel = C Note: An original return cannot contain an amended or cancelled slip. ... </SlipIdentification> </RRSPOrRRIFNQISlip> <RRSPOrRRIFNQISummary> <FilerAccountNumber></FilerAccountNumber> For original returns:- Required, 15 alphanumeric, 9 digits RZ 4 digits, example 000000000RZ0000- use the account number assigned to file the RRSP contribution receipt filing return with the CRA- if you have not been notified of your number, or you are unsure of your number, contact our Business Enquiries line at 1-800-959-5525 For amended returns:- Required, enter the same account number used in the original filed return <SummaryReportTypeCode></SummaryReportTypeCode>- Required, 1 alpha- original = O- amendment = A Note: An original return cannot contain an amended or a canceled slip. ...
Current CRA website

Line 23200 – Other deductions: Other deductible amounts

Line 23200 Other deductions: Other deductible amounts Note: Line 23200 was line 232 before tax year 2019. ... Forms and publications Income Tax Package Guide, return, and schedules Guide T4040, RRSPs and Other Registered Plans for Retirement Form RC4625, Rollover to a Registered Disability Savings Plan (RDSP) under Paragraph 60(m) Form RC4460, Registered Disablilty Savings Plan Form T746, Calculating Your Deduction for Refund of Unused RRSP, PRPP, and SPP Contributions Form T1043, Deduction for Excess Registered Pension Plan Transfers You Withdrew From an RRSP, or RRIF Form T3012A, Tax Deduction Waiver on the Refund of your Unused RRSP, PRPP or SPP Contributions from your RRSP Related topics Line 10100 Employment income Line 12100 Interest and other investment income Line 12200 Net partnership income (limited or non-active partners only) Line 22100 Carrying charges, interest expenses, and other expenses Line 22900 Other employment expenses Line 43700 Total income tax deducted Report a problem or mistake on this page Thank you for your help! ...
Archived CRA website

ARCHIVED - General Guide for Non-Residents – 2013 : Total income

Foreign property Loans and transfers to non-resident trusts Beneficiaries of non-resident trusts Total income Amounts that are not taxed Retroactive lump-sum payments Loans and transfers of property Split income of a child under 18 Tax shelters Line 101 Employment income Line 104 Other employment income Line 113 Old age security pension (OAS) Line 114 CPP or QPP benefits Line 115 Other pensions and superannuation Line 116 Elected split-pension amount Line 117 Universal child care benefit (UCCB) Line 119 Employment Insurance and other benefits Line 120 Taxable amount of dividends from taxable Canadian corporations Line 121 Interest and other investment income Line 122 Net partnership income: limited or non-active partners only Line 125 Registered disability savings plan (RDSP) income Line 126 Rental income Line 127 Taxable capital gains Line 128 Support payments received Line 129 RRSP income Line 130 Other income Lines 135 to 143 Self-employment income Line 144 Workers' compensation benefits Line 145 Social assistance payments Line 146 Net federal supplements Identification Follow the instructions on the return to complete this area. ... Roger reports $80 interest, calculated as follows: $1,000 (his share) × $400 (total interest) ÷ = $80 $5,000 (total) Sally reports $320 interest, calculated as follows: $4,000 (her share) × $400 (total interest) ÷ = $320 $5,000 (total) Bank accounts Report interest paid or credited to you in 2013, even if you did not receive an information slip. ... Previous page | Table of contents | Next page Date modified: 2014-01-03 ...
Archived CRA website

ARCHIVED - General Guide for Non-Residents – 2013: Identification and total income

Foreign property Loans and transfers to non-resident trusts Beneficiaries of non-resident trusts Total income Amounts that are not taxed Retroactive lump-sum payments Loans and transfers of property Split income of a child under 18 Tax shelters Line 101 Employment income Line 104 Other employment income Line 113 Old age security pension (OAS) Line 114 CPP or QPP benefits Line 115 Other pensions and superannuation Line 116 Elected split-pension amount Line 117 Universal child care benefit (UCCB) Line 119 Employment Insurance and other benefits Line 120 Taxable amount of dividends from taxable Canadian corporations Line 121 Interest and other investment income Line 122 Net partnership income: limited or non-active partners only Line 125 Registered disability savings plan (RDSP) income Line 126 Rental income Line 127 Taxable capital gains Line 128 Support payments received Line 129 RRSP income Line 130 Other income Lines 135 to 143 Self-employment income Line 144 Workers' compensation benefits Line 145 Social assistance payments Line 146 Net federal supplements Identification Follow the instructions on the return to complete this area. ... Roger reports $80 interest, calculated as follows: $1,000 (his share) × $400 (total interest) ÷ = $80 $5,000 (total) Sally reports $320 interest, calculated as follows: $4,000 (her share) × $400 (total interest) ÷ = $320 $5,000 (total) Bank accounts Report interest paid or credited to you in 2013, even if you did not receive an information slip. ... Previous page | Table of contents | Next page Report a problem or mistake on this page Thank you for your help! ...
Archived CRA website

ARCHIVED - General Guide for Non-Residents – 2013: Identification and total income

Foreign property Loans and transfers to non-resident trusts Beneficiaries of non-resident trusts Total income Amounts that are not taxed Retroactive lump-sum payments Loans and transfers of property Split income of a child under 18 Tax shelters Line 101 Employment income Line 104 Other employment income Line 113 Old age security pension (OAS) Line 114 CPP or QPP benefits Line 115 Other pensions and superannuation Line 116 Elected split-pension amount Line 117 Universal child care benefit (UCCB) Line 119 Employment Insurance and other benefits Line 120 Taxable amount of dividends from taxable Canadian corporations Line 121 Interest and other investment income Line 122 Net partnership income: limited or non-active partners only Line 125 Registered disability savings plan (RDSP) income Line 126 Rental income Line 127 Taxable capital gains Line 128 Support payments received Line 129 RRSP income Line 130 Other income Lines 135 to 143 Self-employment income Line 144 Workers' compensation benefits Line 145 Social assistance payments Line 146 Net federal supplements Identification Follow the instructions on the return to complete this area. ... Roger reports $80 interest, calculated as follows: $1,000 (his share) × $400 (total interest) ÷ = $80 $5,000 (total) Sally reports $320 interest, calculated as follows: $4,000 (her share) × $400 (total interest) ÷ = $320 $5,000 (total) Bank accounts Report interest paid or credited to you in 2013, even if you did not receive an information slip. ... Previous page | Table of contents | Next page Page details Date modified: 2014-01-03 ...
Current CRA website

Self employed Business, Professional, Commission, Farming, and Fishing Income: Chapter 3 – Expenses

Percentage of each employee's premium Name of employee Cost of equivalent coverage for yourself % of the employee's premium you pay Jack $1,500 20% Jill $1,800 50% Sue $1,400 40% You have to do the following three calculations: Jack: $1,500 (X) × 20% (Y) = $300 (Z) Jill: $1,800 (X) × 50% (Y) = $900 (Z) Sue: $1,400 (X) × 40% (Y) = $560 (Z) Your limit is $300, the least of the amounts calculated for the three employees. ... Therefore, the amount that he enters on line 12 is $14,210 [70% × ($13,300 + $7,000)]. ... Monique calculates as follows: 10/24 hours × 35/100 metres × $5,800 expenses = $845.83 The business operates five days a week, so she must do another calculation: $845.83 × 5/7 days = $604.16 Monique can deduct $604.16 for her household expenses. ...
Archived CRA website

ARCHIVED — T85 Nova Scotia Research and Development Tax Credit

ARCHIVED T85 Nova Scotia Research and Development Tax Credit Download instructions for fillable PDFs You must download the accessible fillable PDF to your computer. ... Previous years: Standard print PDFs This form is also available for the years listed below: 1996 Standard print PDF (t85-96e.pdf) 1995 Standard print PDF (t85-95e.pdf) 1991 Standard print PDF (t85-91e.pdf) Ask for an alternate format You can order alternate formats such as digital audio, electronic text, braille, and large print. ...

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