Volunteer Income Tax

General volunteer firefighting discussion.
donaldk
Posts: 9
Joined: Wed Dec 31, 1969 7:33 pm

Volunteer Income Tax

Postby donaldk » Wed Aug 03, 2016 9:36 am

After just receiving my first payment as a Volunteer Firefighter I’ve noticed that no income tax was deducted. Just wondering if this is a common occurrence and there is a reason for it – or if I should be saving up to pay the big bill at the end of the year. Any thoughts/advice would be appreciated.

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HightowerAcres
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Postby HightowerAcres » Thu Aug 04, 2016 3:14 pm

You are safe from the grasp of the tax collectors.
As a volunteer or paid on call firefighter your first $1500.00 of remuneration is tax free. So if you didn't gross over that amount in one year then you are not paying income tax on it. This however does become null if you are eligible for the firefighter tax credit.

I hope that cleared up your question for you.

Jeff

FF95
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Postby FF95 » Fri Aug 05, 2016 12:53 pm

[quote=""HightowerAcres""]You are safe from the grasp of the tax collectors.
As a volunteer or paid on call firefighter your first $1500.00 of remuneration is tax free. So if you didn't gross over that amount in one year then you are not paying income tax on it. This however does become null if you are eligible for the firefighter tax credit.

I hope that cleared up your question for you.

Jeff[/quote]

Depends on which Province you live in... If you reside in Ontario, the first $1000 is tax free, like the comment above said though, if you choose to use the tax credit you have to add $1000 back to your income and claim the credit.

It worked out better for me last year to take the $1000 tax free vs the tax credit which only works up to a $450 credit.

I had them take off an extra $100 every quarter (pay schedule) to help with income tax time.

boonies
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Postby boonies » Wed Aug 31, 2016 12:46 pm


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Roree403
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Postby Roree403 » Wed Sep 21, 2016 9:14 pm

For most of my guys and gals the $1,000 is a better way to go rather than the 200hr credit. Only my ff's who make over $5,000 really benefit from the 200hr credit
"Amateurs built the Arc but professionals built the Titanic"


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