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04-03-2011, 08:37 PM
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#101 | | Wunder? Wonder?? Wander???
Join Date: May 2004 Location: Vancouver
Posts: 210
Thanked 754 Times in 61 Posts
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Grossed 96K, getting 5K back
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04-04-2011, 09:56 AM
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#102 | | I Will not Admit my Addiction to RS
Join Date: Mar 2008 Location: Montreal
Posts: 590
Thanked 324 Times in 144 Posts
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Originally Posted by syee  Why doesn't it seem right? If you don't have any deductions then you're paying just the right amount of tax.
As several people have mentioned already, getting money back isn't necessarily a good thing - it just meant you overpaid the government. Having to neither pay or get a refund is probably where you want to be. You get the most money in your pocket with every paycheck and you also don't have to pay come April.
With that said, I'm getting back $7600 this year. Most likely because I put in close to 20k into RRSP's this year. I'm going to have to look into taylor192's suggestion on the T1213. I'd prefer money in my pocket on payday rather than a lump sum in April. | Agree with the above. As well, if you contribute heavily through an employee RRSP, then a T1213 won't help you since you contribute pre-tax.
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"Happiness lies in the joy of achievement and the thrill of creative effort"
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04-04-2011, 01:12 PM
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#103 | | Banned By Establishment
Join Date: Mar 2006 Location: Richmond
Posts: 12,484
Thanked 2,091 Times in 773 Posts
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Originally Posted by freelunch Grossed 96K, getting 5K back | noone needs to know how much you made douche.
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04-04-2011, 01:16 PM
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#104 | | Prince of the Apes
Join Date: Oct 2007 Location: Abbotsford
Posts: 2,469
Thanked 3,046 Times in 672 Posts
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You guys keep saying its as good thing to owe or its bad to get back, i want some proof that it is a good thing to owe, cause the only reason I got money back was because of the deductions I qualified for. If there was no deductions to qualify for I would of owed alooot of money lol.
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There's times in life where I want a relationship, but then I cum. Quote: |
[23-08, 13:17] nabs i've gripped ice boy's shaft before
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[26-08, 13:50] Jesusjuice is this a sports car forum? why are there so many hondas?
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04-04-2011, 01:30 PM
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#105 | | NEWBIE ACCOUNT!
Join Date: Mar 2011 Location: south surrey
Posts: 22
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just filed mine last week and im getting $5664 back. gotta love write offs. the fiance is getting 2500 back!
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04-04-2011, 08:44 PM
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#106 | | Wunder? Wonder?? Wander???
Join Date: May 2004 Location: Vancouver
Posts: 210
Thanked 754 Times in 61 Posts
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Originally Posted by MajinHurricane noone needs to know how much you made douche. | Its not that much really Posted via RS Mobile | |
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04-18-2011, 04:55 PM
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#107 | | My dinner reheated before my turbo spooled
Join Date: Nov 2010 Location: New West
Posts: 1,732
Thanked 893 Times in 231 Posts
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did mine today using studio tax. it went fairly well, although my refund is $.42
thats right, 42 cents. i had to recheck it 3 times. and they wont even pay it out, anything less than $2, you do not get a refund
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04-20-2011, 02:35 PM
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#108 | | Rs has made me the woman i am today!
Join Date: Oct 2004 Location: Richmond
Posts: 4,457
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Originally Posted by freelunch Its not that much really Posted via RS Mobile | Err $96K isn't that much? I would say $96K is a pretty damn good salary.
How much do you make? The average person makes under $30K a year according to stats Canada. So this guy is making 3x that amount. I would say he's a lot more well off than a lot of people. Even though half of his money likely went to the government. Posted via RS Mobile | |
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04-20-2011, 02:38 PM
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#109 | | Willing to sell body for a few minutes on RS
Join Date: Sep 2002 Location: vancouver
Posts: 10,849
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Originally Posted by mx703 Err $96K isn't that much? I would say $96K is a pretty damn good salary.
How much do you make? The average person makes under $30K a year according to stats Canada. So this guy is making 3x that amount. I would say he's a lot more well off than a lot of people. Even though half of his money likely went to the government. Posted via RS Mobile | ignore the douche, he just wants people to respond to his posts
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04-20-2011, 02:40 PM
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#110 | | JDMEK9Mod | DogWhisperer
Join Date: May 2007 Location: Richmond
Posts: 14,366
Thanked 5,276 Times in 1,632 Posts
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getting ~$23xx back. but that's only because i bought a butt load of RRSP's  | |
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04-20-2011, 02:52 PM
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#111 | | Rs has made me the woman i am today!
Join Date: Oct 2004 Location: Richmond
Posts: 4,457
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Originally Posted by maxxxboost ignore the douche, he just wants people to respond to his posts | Interesting. Lol, ok.
I don't do my taxes as my dad does it and he never explains it to me.
If you're a student how much can you claim for tuition and books? People are talking about carrying over tuition? My tuition this year is about $23K. So can I claim all of that to my taxes? Or will I have to carry some of that over?
Before that I was at ubc and my tuition was about $5-7K a year?
TIA Posted via RS Mobile | |
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04-20-2011, 02:58 PM
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#112 | | OMGWTFBBQ is a common word I say everyday
Join Date: Jan 2004 Location: Van/Bur
Posts: 5,019
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Ghey I owe $350 in taxes, becuase of my investment and didnt do any RRSP this year which hurt me.. For sure going to do some RRSP this year.
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04-20-2011, 03:41 PM
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#113 | | Banned By Establishment
Join Date: Mar 2006 Location: Richmond
Posts: 12,484
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Originally Posted by mx703 Interesting. Lol, ok.
I don't do my taxes as my dad does it and he never explains it to me.
If you're a student how much can you claim for tuition and books? People are talking about carrying over tuition? My tuition this year is about $23K. So can I claim all of that to my taxes? Or will I have to carry some of that over?
Before that I was at ubc and my tuition was about $5-7K a year?
TIA Posted via RS Mobile | wait till you start making money. How long you can carry that over i'm unsure.
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04-20-2011, 09:04 PM
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#114 | | Rs has made me the woman i am today!
Join Date: Oct 2004 Location: Richmond
Posts: 4,457
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I actually just talked to my dad and he said he used the rest of my tuition for his and my moms income tax.
I guess you can do that? Posted via RS Mobile | |
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04-21-2011, 01:36 AM
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#115 | | My homepage has been set to RS
Join Date: Dec 2003 Location: Van
Posts: 2,050
Thanked 192 Times in 118 Posts
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I believe yes. I hope they paid for your tuition.
Why is it 23K?
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04-21-2011, 10:29 AM
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#116 | | Head of HR....have a seat on that couch
Join Date: Jan 2003 Location: Coquitlam
Posts: 21,871
Thanked 15,586 Times in 4,318 Posts
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Has anyone recieved their return/Notice of Assessment in the last few days?
If so, when did you file?
I had to wait until last week to file cause the company accountant was slow in getting my T4. Just wondering how long it's taking for things to process for you guys.
Thanks
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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 | |
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04-21-2011, 10:45 AM
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#117 | | Rs has made me the man i am today!
Join Date: May 2002 Location: van
Posts: 3,412
Thanked 494 Times in 214 Posts
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Originally Posted by mx703 I actually just talked to my dad and he said he used the rest of my tuition for his and my moms income tax.
I guess you can do that? Posted via RS Mobile | At the same time, you can carry over the tuition credits you had to the future. So when you're making a substantial amount of $$$, you can use the tuition credits when reporting your taxes.
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04-21-2011, 10:46 AM
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#118 | | Rs has made me the man i am today!
Join Date: May 2002 Location: van
Posts: 3,412
Thanked 494 Times in 214 Posts
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Originally Posted by fliptuner Has anyone recieved their return/Notice of Assessment in the last few days?
If so, when did you file?
I had to wait until last week to file cause the company accountant was slow in getting my T4. Just wondering how long it's taking for things to process for you guys.
Thanks | Last year, I submitted in the last day. I got the Notice of Assessment in June.
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04-21-2011, 01:52 PM
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#119 | | Rs has made me the woman i am today!
Join Date: Oct 2004 Location: Richmond
Posts: 4,457
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Originally Posted by goo3 I believe yes. I hope they paid for your tuition.
Why is it 23K? | yeah, they did pay for my tuition so I guess it's fine they take the credits.
i'm in chiropractic college now and that's how much tuition is.
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04-21-2011, 09:13 PM
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#120 | | WOAH! i think Vtec just kicked in!
Join Date: Jun 2002 Location: North Vancouver
Posts: 1,665
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Originally Posted by mx703 yeah, they did pay for my tuition so I guess it's fine they take the credits.
i'm in chiropractic college now and that's how much tuition is. | There is a maximum allowed to be transferred to parents each year. So most likely you will have carry forwards of tuition tax credits to use in future years when you have income. Posted via RS Mobile | |
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04-22-2011, 03:24 AM
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#121 | | My homepage has been set to RS
Join Date: Dec 2003 Location: Van
Posts: 2,050
Thanked 192 Times in 118 Posts
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Originally Posted by mx703 i'm in chiropractic college now and that's how much tuition is. | i hear ppl say there's no science behind it.. they just kind of make it up.
How do you respond to this?  | |
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04-22-2011, 08:02 AM
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#122 | | Better safe than Surrey
Join Date: Nov 2009 Location: Main St.
Posts: 1,503
Thanked 911 Times in 235 Posts
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Originally Posted by fliptuner Has anyone recieved their return/Notice of Assessment in the last few days?
If so, when did you file?
I had to wait until last week to file cause the company accountant was slow in getting my T4. Just wondering how long it's taking for things to process for you guys.
Thanks | Filed about 3 weeks ago... Received my notice earlier this week.  | |
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04-22-2011, 11:18 AM
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#123 | | Head of HR....have a seat on that couch
Join Date: Jan 2003 Location: Coquitlam
Posts: 21,871
Thanked 15,586 Times in 4,318 Posts
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Thanks
So I'm guessing 3-4 weeks which is cutting it pretty close since it would be nice to get before vacation. Then again, it's also good to get it after spending a bunch of money.
__________________ 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 | |
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04-22-2011, 12:42 PM
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#124 | | I WANT MY 10 YEARS BACK FROM RS.net!
Join Date: Oct 2007 Location: Vancouver BC
Posts: 22,031
Thanked 9,821 Times in 3,902 Posts
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filed today..refund is $6xx
my poor man's GST/HST quarterly credit is bumped up to around $180 starting July
poor student FTW?
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04-30-2011, 01:27 AM
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#125 | | RS Lurker, I don't post!
Join Date: Apr 2011 Location: Vancouver
Posts: 1
Thanked 0 Times in 0 Posts
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Just playing around with my tax return at Netfile, pretty simple since I only have T4 and T2202A (tuition) to worry about.
Quick question, why is it that when I don't enter anything for tuition my tax return is substantially higher than when I put in my tuition amount + months of full-time & part-time studies? (Difference is almost a $1000 dollars)
And since it says that you can use tuition credits from previous years for future income taxes, should I just not bother entering a tuition amount and use this year's amount for next year?
*More info* income is roughly $9000 whereas tuition is roughly $1500.
Last edited by 73KK3N; 04-30-2011 at 01:45 AM.
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