I make around 6240$ a year. Do I have to pay income tax?

Question

I make around 6240$ a year. Do I have to pay income tax?

Answer 1

You do not.  Depeding on which province you live in, cdn taxpayers earning less than $9000 a year generally do not have to pay income taxes.

Answer 2

Your income tax is deducted from source. Generally if your income falls under a certain bracket, you will be entitled to a refund for what you have paid. Whether or not you fell under the tax bracket is determined at taxation time as an employer cannot estimate and say he/she won't earn enough so we won't take taxes. Everyone's income unless they are self employed is deducted at source.

Answer 3

generally you won't have to pay taxes in this case. but if somebody is claiming you as a dependent you will be paying taxes on difference between $6240 and $5150.

Answer 4

the basic exemption credit for 2007/2008 = 10600 therefore, no tax payable.

however you still have to file a return and you will get a refund for the fed/prov taxes paid in the fiscal year