Monthly Archives: April 2013

Love and taxes

People keep asking me when they have to file as common law for tax purposes. Today I called CRA and this is what the friendly phone person told me. You have to file as common law when you have been living together for 12 months or when a couple (who share a home) have a baby together, or share custody of a child.

If you get married or become common law during the year, and you receive UCCB or GST/HST Credits, be sure to let the tax man know or expect to be asked to pay back over-payments.

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EI for the self-employed

“I am thinking about applying for EI. How will they calculate how much I have to pay?”

-Kyla Hubbard, Cyclona Designs, Victoria, B.C.

Your EI premiums will be calculated based on your income tax and benefit return for the year in which you apply. For example, if you register in 2012 , your EI premiums will be calculated based on your 2012 income tax and benefit return and will be payable by April 30, 2013.

Regardless of when you register during a given year, EI premiums are payable based on your self-employed income for the entire year. See calculation of premiums page for more information.

See my blog post on EI for the self-employed for more information.