The court order states we pay 50% of daycare cost, can we claim our portion on taxes being the noncustodial?
Answers: probably not if you don't already claim the child on your tax return
E-File Help..Pleaseee?
I just database my tax return electronically and made a mistake within the checking account number, how can I correct this? please facilitate??Answers: More information please: did you e-free through the free tax sites, Turbo-Tax/etc., H & R Block, ..?
Canada: Deducting investment losses sour of your income?
In 2005 I loaned money personally to a Canadian business and lost adjectives of it (the company went in debt before it could repay the loan). At that time I be employed full time in another position (and still am today). My question is are near any deductions I can gross for the money I lost on that investment from the regular income I make? It seem totally unfair that I hold to pay so much income charge now base on my salary when contained by fact I LOST so much money contained by my investment.Answers: Yes. What you have here is an Allowable Business Investment Loss, which is claimed on line 217 of your T1.
The loss is realize in the year the company go bankrupt, which you will obligation to document.
See CRA bulletin IT-484, Business Investment Losses and the links below.
It depends if the business is a CCPC. If it is, look into an ABIL. An allowable business investment loss is deductible against all sources of income, and not purely capital gain. You still only seize to claim half (like assets losses).
http://www.cra-arc.gc.ca/tax/individuals...