| Vancouver Off-Topic / Current Events The off-topic forum for Vancouver, funnies, non-auto centered discussions, WORK SAFE. While the rules are more relaxed here, there are still rules. Please refer to sticky thread in this forum. |
 | 
04-08-2010, 01:29 PM
|
#1 | | GO FLAMES GO
Join Date: Jul 2005 Location: Kamloops
Posts: 4,609
Thanked 2,210 Times in 701 Posts
Failed 807 Times in 194 Posts
| is there a rough income tax calculation?
hey guys,
im about to do my taxes and i was wondering if there is a 'rough' calculation you can do to find out what you might get for your return
im 24 had 3 jobs over 2009, just wanna calculate it with my employment income vs. my income tax deductions...just basic.
is there a calculation for that?
__________________
2013 Toyota Tundra CrewMax TRD Offroad *CURRENT*
2005 Nissan Xterra SE *SOLD*
1991 Toyota Hilux Surf SSR-X Widebody *SOLD*
2001 Acura Integra Type-R *SOLD*
Club-Integra.net OG
Your Friendly Neighborhood Firefighter
| 
|  | |
04-08-2010, 01:54 PM
|
#2 | | HELP ME PLS!!!
Join Date: Nov 2003 Location: Vancouver
Posts: 5,540
Thanked 980 Times in 166 Posts
Failed 399 Times in 67 Posts
|
look at line 22 of all your T4 slips. its income tax deducted which means you will get back as refund.
but it can all change if you make a lot of income
| |
| | |
04-08-2010, 02:10 PM
|
#3 | | GO FLAMES GO
Join Date: Jul 2005 Location: Kamloops
Posts: 4,609
Thanked 2,210 Times in 701 Posts
Failed 807 Times in 194 Posts
|
edited...coo
__________________
2013 Toyota Tundra CrewMax TRD Offroad *CURRENT*
2005 Nissan Xterra SE *SOLD*
1991 Toyota Hilux Surf SSR-X Widebody *SOLD*
2001 Acura Integra Type-R *SOLD*
Club-Integra.net OG
Your Friendly Neighborhood Firefighter
Last edited by Tegra_Devil; 04-08-2010 at 02:51 PM.
| |
| | |
04-08-2010, 02:37 PM
|
#4 | | 14 dolla balla aint got nothing on me!
Join Date: Jul 2004 Location: Richmond
Posts: 696
Thanked 16 Times in 11 Posts
Failed 0 Times in 0 Posts
|
You can go to ufile.ca, and try their online tax program for free. You don't have to pay unless you want to use that to file your taxes. http://www.ufile.ca/ | |
| | |
04-08-2010, 02:51 PM
|
#5 | | GO FLAMES GO
Join Date: Jul 2005 Location: Kamloops
Posts: 4,609
Thanked 2,210 Times in 701 Posts
Failed 807 Times in 194 Posts
|
woot 4K back...thats with two of the 3 jobs put in
a rough idea for the 3rd one off a pay stub lowers me $700...ghey
well 3300ish....still alright i guess
__________________
2013 Toyota Tundra CrewMax TRD Offroad *CURRENT*
2005 Nissan Xterra SE *SOLD*
1991 Toyota Hilux Surf SSR-X Widebody *SOLD*
2001 Acura Integra Type-R *SOLD*
Club-Integra.net OG
Your Friendly Neighborhood Firefighter
Last edited by Tegra_Devil; 04-08-2010 at 03:00 PM.
| |
| | |
04-08-2010, 05:50 PM
|
#6 | | G'd up! w000weee
Join Date: Jan 2002 Location: Vancouver
Posts: 4,140
Thanked 225 Times in 84 Posts
Failed 46 Times in 19 Posts
|
u can pm me ur details and i can punch it in my program and give u the result
i don't think u can get 3300 back, i've done hundreds of returns...and nobody gets that much back. if you're making less than $13000, you get the most money back
| |
| | |
04-08-2010, 06:03 PM
|
#7 | | GO FLAMES GO
Join Date: Jul 2005 Location: Kamloops
Posts: 4,609
Thanked 2,210 Times in 701 Posts
Failed 807 Times in 194 Posts
|
pm'd you...
3300 wouldn't be surprising, i got 3100 last year
i work shit loads of OT that never gets taxes properly, similar to last year
__________________
2013 Toyota Tundra CrewMax TRD Offroad *CURRENT*
2005 Nissan Xterra SE *SOLD*
1991 Toyota Hilux Surf SSR-X Widebody *SOLD*
2001 Acura Integra Type-R *SOLD*
Club-Integra.net OG
Your Friendly Neighborhood Firefighter
| |
| | |
04-08-2010, 10:55 PM
|
#8 | | Head of HR....have a seat on that couch
Join Date: Jan 2003 Location: Coquitlam
Posts: 21,878
Thanked 15,606 Times in 4,325 Posts
Failed 284 Times in 130 Posts
|
Or his work set it up to take more tax off each cheque.
BTW just want to point out that yes, getting a bunch of money every spring is great - it's like a bonus cheque. Problem is, it was always your money. You just gave the gov't an interest-free loan for the last year. I'm not trying to preach cause I actually really suck with money (something I've been working on) but you would be much better off getting the least amount of tax taken off and saving what you think you would normally be getting deducted and throw it in a savings account - at least you're making interest on it. Then just pay what you owe after you file each year.
__________________ feedback
Originally posted by v.b.
can we stop, my pussy hurts...
Originally posted by asian_XL
fliptuner, I am gonna grab ur dick and pee in your face, then rub shit all over my face...:lol
Originally posted by Fei-Ji
haha i can taste the cum in my mouth
Originally posted by FastAnna
when I was 13 I wanted to be a video hoe so bad RSUV #7 | |
| | |
04-09-2010, 07:42 AM
|
#9 | | GO FLAMES GO
Join Date: Jul 2005 Location: Kamloops
Posts: 4,609
Thanked 2,210 Times in 701 Posts
Failed 807 Times in 194 Posts
| Quote:
Originally Posted by fliptuner  Or his work set it up to take more tax off each cheque.
BTW just want to point out that yes, getting a bunch of money every spring is great - it's like a bonus cheque. Problem is, it was always your money. You just gave the gov't an interest-free loan for the last year. I'm not trying to preach cause I actually really suck with money (something I've been working on) but you would be much better off getting the least amount of tax taken off and saving what you think you would normally be getting deducted and throw it in a savings account - at least you're making interest on it. Then just pay what you owe after you file each year. |
ya, my job screwed up on all my time and a half and shit loads of doubletime i had...so im just getting that back...
im aware that it is my money in the first place....it just feels nice to get it back...oh well...its all going in my TFSA anyways.
__________________
2013 Toyota Tundra CrewMax TRD Offroad *CURRENT*
2005 Nissan Xterra SE *SOLD*
1991 Toyota Hilux Surf SSR-X Widebody *SOLD*
2001 Acura Integra Type-R *SOLD*
Club-Integra.net OG
Your Friendly Neighborhood Firefighter
| |
| | |
04-09-2010, 02:37 PM
|
#10 | | I Will not Admit my Addiction to RS
Join Date: Dec 2008 Location: Vancouver
Posts: 522
Thanked 16 Times in 3 Posts
Failed 0 Times in 0 Posts
|
Can someone confirm that I have to file taxes every year, regardless of whether or not I made any money last year?
I didnt work at all last year, so I have nothing to file. How does this work?
| |
| | |
04-09-2010, 05:10 PM
|
#11 | | private modder
Join Date: Feb 2002 Location: North Shore
Posts: 6,943
Thanked 2,975 Times in 832 Posts
Failed 47 Times in 35 Posts
| Quote:
Originally Posted by MyPresIzBlack Can someone confirm that I have to file taxes every year, regardless of whether or not I made any money last year?
I didnt work at all last year, so I have nothing to file. How does this work? | you should still file. it allows you to build rrsp contribution room, and there are automatic tax refunds you'll get regardless if you have income or not. as long as you have a sin number.
| |
| | |
04-09-2010, 05:35 PM
|
#12 | | HELP ME PLS!!!
Join Date: Nov 2003 Location: Vancouver
Posts: 5,540
Thanked 980 Times in 166 Posts
Failed 399 Times in 67 Posts
|
^bc tax credit ftw $75.00
| |
| | |
04-09-2010, 05:44 PM
|
#13 | | GO FLAMES GO
Join Date: Jul 2005 Location: Kamloops
Posts: 4,609
Thanked 2,210 Times in 701 Posts
Failed 807 Times in 194 Posts
|
do you stop receiving GST cheques if you make over a certain amount each year?
i never received a single GST cheque last year, or the first one this year.....
__________________
2013 Toyota Tundra CrewMax TRD Offroad *CURRENT*
2005 Nissan Xterra SE *SOLD*
1991 Toyota Hilux Surf SSR-X Widebody *SOLD*
2001 Acura Integra Type-R *SOLD*
Club-Integra.net OG
Your Friendly Neighborhood Firefighter
| |
| | |
04-09-2010, 05:52 PM
|
#14 | | Need to Seek Professional Help
Join Date: Jun 2006 Location: 604
Posts: 1,049
Thanked 160 Times in 80 Posts
Failed 84 Times in 14 Posts
| Quote:
Originally Posted by Tegra_devil do you stop receiving GST cheques if you make over a certain amount each year?
| Yes, there is no refunded GST tax credit if you make a certain amount of money.
Also, I believe you need to apply for the tax credit each year... which is basically checking a box and filling out 2 or 3 lines in the form, if I remember right.
| |
| | |
04-09-2010, 06:10 PM
|
#15 | | GO FLAMES GO
Join Date: Jul 2005 Location: Kamloops
Posts: 4,609
Thanked 2,210 Times in 701 Posts
Failed 807 Times in 194 Posts
|
son of a bitch i hate making a lot of money!
__________________
2013 Toyota Tundra CrewMax TRD Offroad *CURRENT*
2005 Nissan Xterra SE *SOLD*
1991 Toyota Hilux Surf SSR-X Widebody *SOLD*
2001 Acura Integra Type-R *SOLD*
Club-Integra.net OG
Your Friendly Neighborhood Firefighter
| |
| | |
04-09-2010, 09:25 PM
|
#16 | | Wunder? Wonder?? Wander???
Join Date: Dec 2003 Location: Richmond
Posts: 201
Thanked 10 Times in 5 Posts
Failed 2 Times in 1 Post
| Quote:
Originally Posted by mmmk u can pm me ur details and i can punch it in my program and give u the result
i don't think u can get 3300 back, i've done hundreds of returns...and nobody gets that much back. if you're making less than $13000, you get the most money back | Lots of people get more than that back, depending on how their paycheques get taxed, working OT, having lots of write offs (tuition, etc.)... ie. if you go to school for half the year then work for the other half, your paycheque will most likely be taxed based on your annual salary. Add that to write offs for school expenses and you're looking at a pretty big return.
| |
| | |
04-09-2010, 10:03 PM
|
#17 | | I contribute to threads in the offtopic forum
Join Date: Nov 2001 Location: Vancouver
Posts: 2,746
Thanked 70 Times in 17 Posts
Failed 3 Times in 2 Posts
|
don't forget RRSP's as well... i'm getting $6500 back this year  | |
| | |
Posting Rules
| You may not post new threads You may not post replies You may not post attachments You may not edit your posts
HTML code is Off
| | |
All times are GMT -8. The time now is 10:37 PM.
|
You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today!
The banners on the left side and below do not show for registered users!
