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Pampered Chef: Income Tax question (CDN)

  1. stefani2

    stefani2 Veteran Member

    1,687
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    Does anyone know if we are allowed to make a certain amount per year BEFORE needing to claim Income Tax?
     
    Mar 23, 2009
    #1
  2. Veevahchef

    Veevahchef Director Silver Member

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    For your Alberta taxes it is $16,161
    For federal it is $9600

    These are for 2008
     
    Mar 23, 2009
    #2
  3. rennea

    rennea Legacy Member Gold Member

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    What???

    Here in BC anything over $500.00 is to be reported!
     
    Mar 24, 2009
    #3
  4. Jewel

    Jewel Member Gold Member

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    Anything over $600 must be reported on a 1099. Which means PC will report it so you should too.
     
    Mar 24, 2009
    #4
  5. stefani2

    stefani2 Veteran Member

    1,687
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    so why are they different? What does that mean to me/us?
     
    Mar 24, 2009
    #5
  6. stefani2

    stefani2 Veteran Member

    1,687
    1
    PC doesn't send us anything in Canada - do they?
     
    Mar 24, 2009
    #6
  7. ChefEsther

    ChefEsther Member Gold Member

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    No they don't send us anything in Canada - although maybe directors do get something... We need to keep track of everything. I've claimed it the past 5 years, by writing off my Staples, some groceries, gas/mileage (specifically for shows, trips to post office, training), conference/training fees, phone (our second is a dedicated line), samples, products for giveaway (I print off my PP receipt) I come our ahead, not much, but ahead... 2009 will be a much more interesting tax year for me, I hope to be bringing home alot more - we'll see what CRA has to say.
    Print off your commission statements, and collect everything you have. If you do them at home, there is spacwe to enter your PC business in any software - Quicktax or UFile... Just enter all the info you have & they'll include it all for you. I just bring my stuff to our accountant now, as there are other financial issues that we have to take into consideration, but if you have a pretty straightforward return, you can do it yourself.

    I never noticed any minimum, I just always claimed my PC stuff.

    Esther
     
    Mar 24, 2009
    #7
  8. rennea

    rennea Legacy Member Gold Member

    3,733
    0
    They don't but by law you are to "claim" your income.
     
    Mar 24, 2009
    #8
  9. I cam out with an $800.00 dollar loss, this is with writing off stuff. I wish things would pick up...
     
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