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-   -   Anyone filed their income taxes yet? And how much you got back or owe? (https://www.revscene.net/forums/639177-anyone-filed-their-income-taxes-yet-how-much-you-got-back-owe.html)

bobbinka 03-03-2013 05:46 PM

Quote:

Originally Posted by RevYouUp (Post 8175126)
I'm doing my taxes for the first time..how do I claim tuition? It asks for my notice of reassessment for 2011 for tuition credits. Where do I get it?
Posted via RS Mobile

The NOA is the final summary of your tax return CRA sends back to you after you file. If you're filing for the first time, you won't have a NOA for 2011. Therefore, your prior year tuition carry forward amounts would be 0.

In order to claim your tuition, you need to get the T2202A slip from your school. This is the tax slip equivalent to a T4 for employment income. It'll have the tuition amount for the year and the # of months you were full-time/part-time. Most schools allow you to view/print from your online account. I remember SFU had the option fairly easy to see from the main page after you logged into your student account, not sure about other schools.

RevYouUp 03-03-2013 06:53 PM

Thanks, figured it out. Only getting 130 dollars back :(. Better than nothing

Gh0stRider 03-03-2013 07:21 PM

paid $3k last year, wonder what I'll pay this year
Posted via RS Mobile

Drow 03-03-2013 07:52 PM

i went on turbotax to fill out my tax return and... it came to 35 bux refund. WTF?!?!

Is this supposed to be normal? i was a full time student for 8 months and part time for 4 months, and income was between 15-20k

anyone on the same boat?

Tapioca 03-04-2013 11:48 AM

Quote:

Originally Posted by Drow (Post 8175388)
i went on turbotax to fill out my tax return and... it came to 35 bux refund. WTF?!?!

Is this supposed to be normal? i was a full time student for 8 months and part time for 4 months, and income was between 15-20k

anyone on the same boat?

Did your employer withhold some of your salary for taxes last year? If you didn't pay any taxes on that 15-20K, then your small refund sounds reasonable.
Posted via RS Mobile

Drow 03-04-2013 11:56 AM

i did pay taxes, thats for sure... something around 10% every pay cheque

ForbiddenX 03-04-2013 12:34 PM

Was going to pay 1k in taxes but contributed to my RRSP so I'll be getting $16 back lol.
Posted via RS Mobile

Everymans 03-04-2013 08:16 PM

Quote:

Originally Posted by bobbinka (Post 8175264)
The NOA is the final summary of your tax return CRA sends back to you after you file. If you're filing for the first time, you won't have a NOA for 2011. Therefore, your prior year tuition carry forward amounts would be 0.

In order to claim your tuition, you need to get the T2202A slip from your school. This is the tax slip equivalent to a T4 for employment income. It'll have the tuition amount for the year and the # of months you were full-time/part-time. Most schools allow you to view/print from your online account. I remember SFU had the option fairly easy to see from the main page after you logged into your student account, not sure about other schools.

Can you use that form for every year you are paying your tuition back? or can you only use it once? It was weird, last year I maybe paid 2700$ in taxes and got all of it back. The year before I was on ei, worked 70 hours a week for 5 months, and went to school. Got a 5000$ check and lost it on the way to the bank. Thankfully one of those rare homeless people recovered it and gave it back to me. hooked him up with a fat bill. I don't mind the h&r method. but after hearing of some of the tips and tricks from a friend(if you live with your wife/gf you can claim all sorts of awesome benefits.)

Oleophobic 03-04-2013 09:00 PM

"Your 2012 return was assessed and a refund of $6,412.78 will be deposited directly into your bank account on March 7, 2013. "

:buttrock:

Netfiled on Feb 28...pretty fast

bobbinka 03-04-2013 09:20 PM

Quote:

Originally Posted by Everymans (Post 8176356)
Can you use that form for every year you are paying your tuition back? or can you only use it once?

you get a T2202A for the year if you were enrolled that year. you report it on the tax return for that year. there is no double dipping.

i'm not sure what you mean by "pay your tuition back"?

kunoman1 03-05-2013 10:20 AM

Getting 75 dollars in income tax back :fullofwin:

Nightwalker 03-06-2013 11:44 PM

Got my return back a couple days ago. Hmmmm, if I setup direct deposit it'll be even faster!

JSALES 03-16-2013 06:48 PM

I owe $450

winson604 03-16-2013 08:49 PM

Did my taxes by myself for the first time using studio tax, getting $268 back. As long as I don't owe, I'm happy.
Posted via RS Mobile

bcedhk 03-16-2013 09:27 PM

i tried using studio tax, but on the T4 section I cant seem to find line 50 for RPP registration #?

Also, I received a letter of reassessment from the CRA for my 2012 cause I punched in the wrong income. I received an interest refund and they told me I need to record it for my tax return. On which form or line do I place this?

bcedhk 03-16-2013 09:28 PM

Oh one more question. I graduated in Nov 2012. can I still file for all of my paid 2012 tuition? On studio tax it states that only "students" can input their tuition fees....

neofx19 03-16-2013 09:28 PM

finished my taxes last week, getting approx $600 back. Not as high as last years but better than nothing and certainly better than owing.

BurnoutBinLaden 03-17-2013 12:03 AM

Our family is getting a $2500 refund

nabs 03-17-2013 12:09 AM

Quote:

Originally Posted by Drow (Post 8175906)
i did pay taxes, thats for sure... something around 10% every pay cheque

10 percent every pay cheque is not much... trust me.... I would love to have that much cut at this point.

turb0triX 03-17-2013 07:29 PM

Quote:

Originally Posted by eddy89 (Post 8186740)
Also, I received a letter of reassessment from the CRA for my 2012 cause I punched in the wrong income. I received an interest refund and they told me I need to record it for my tax return. On which form or line do I place this?

line 121

MikeyStyle 03-18-2013 06:10 PM

got $196.04 back.. not much.. but better than owing!

bcedhk 03-31-2013 04:35 PM

anyone recommend a place that can do my taxes? I was quoted $3XXX in tax return.... I want to get a 2nd person to look at it to see whether or not thats accurate or not.

Nintensity 03-31-2013 06:56 PM

i owe 64 dollars -_-; this is what happens when I make more money :(

whateverman 03-31-2013 07:11 PM

atleast 3k to 5k not sure the exact number

BrRsn 03-31-2013 07:15 PM

Anyone that filed by mail get a return yet? Been almost a month for me, no letter yet :alone:


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