Jump to content
Français

pob

Members
  • Posts

    2
  • Joined

  • Last visited

  1. Thank you very much! Unfortunately, Canada Revenue Agency agent during 15 min repeated the same explanation in different words and basically told that it's Service Canada can provide the exact answer about taxation.... previously, Service Canada agent pointed me to Revenue Canada. I thought that somebody of UFile members who has an experience related to my question would answer. No problem and thank you again. I will continue my "research". Kind regards. Loyal UFile member for at least 15 years.
  2. Hi, I live in Quebec. My retirement starts in March. I successfully applied for Quebec Pension and Old Age Security that quebeckers recieve as a federal pension part. So I know the amounts I will receive from both. I know the tax return rate - 15% federal and 14% provincial. I want to pay my tax return monthly (as was during working years). I can to apply for that in my web portal for each. The question: Would it be 15% for Old Age security and 14% for Quebec Pension or 15% applied to OAS will also be applicable to Quebec Pension sum and vise versa. I know it sounds not logical... but who knows. Let's put some numbers as an example... OAS - $500/month QPP - $800 from above : 500x0.15 =$75 Federal monthly 800x0.14 =$182 Provincial monthly Total: $257 If my logic is correct, paying 257 from my monthly pension revenu (both sources). I will not have any tax return by the year end. Am I correct? I live alone. Is there a way to have some tax credit in above scenario. Any advice if applicable would be appreciated. Thank you. M
×
×
  • Create New...