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Wed, Mar 26th, 2014, 12:04 PM #1
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This is a hypothetical scenario.
Let's say child's karate fees for 2013 is $450 plus 13% tax so total paid is $508.50.
Which amount should be written on Line 365 on Schedule 1?
The pre-tax amount of $450?
Or the max amount of $500?This thread is currently associated with: N/A
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Wed, Mar 26th, 2014, 12:15 PM #2
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I am guessing $500 but it is a guess on my part!
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Wed, Mar 26th, 2014, 02:27 PM #3
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I would say it's the pretax amount, since tax rates vary from province to province. You shouldn't get a better benefit because your province charges higher taxes.
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Wed, Mar 26th, 2014, 03:25 PM #4
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i'd say its the pretax amount. i think you can only claim $75 anyway. but yes pretax.
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Wed, Mar 26th, 2014, 04:06 PM #5
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Thu, Mar 27th, 2014, 12:41 AM #6
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you definitely claim the full 500, I own a tax business,,,, use the full amount for sure ladies.
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Fri, Mar 28th, 2014, 06:33 PM #7
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Claim the maximum amount of $500, as your total fee is over that amount.
http://www.cra-arc.gc.ca/tx/ndvdls/t.../rtrn-eng.html
If we had to split GST apart from the fees for everything, I think online software sales would get a nudge upward.2021-Bring on the sunshine, sweets & online shopping.
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