| 2003specv |
So for the first time since I was 17 I'm actually getting money back from our scabby government. It's a good one too :D
I'm planning on getting a queen size pillowtop bed, and some Koni yellows and Eibach Prokit springs for my car.
Anybody else getting some car mod money from "the man"? |
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| DeathBy240 |
| Yup, almost $600 it should help get my everything I still need to finish the swap! :bthumbup: |
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| 240sx |
nope ill be paying 5000 again
:mad: |
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| ChromeDragon |
| I hope to be getting a decent chunk, hopefully enough for some wheels....:dunno: |
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| TrevorK |
I haven't even done mine yet....
I think I'll get some money back since I tossed in quite a bit into RRSPs this year.
My only problem is I didn't take into account my pension at work, so I've overcontributed. I know I'll pay a fine for that.... |
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| Insomniac |
| I used up all of my education credits last yearand I'll probably have to pay some taxes this year:( |
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| VerbotenZ34 |
I'm going to be bling-blingy in 7-10 days :)
Verboten |
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| SilverZ24 |
quote:
Originally posted by TrevorK
I know I'll pay a fine for that....
There is no such thing as paying a fine. You are allowed to over contribute a bit, you just won't get to take the deduction until next year. |
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| Flex |
| Just had my taxes done and I just about crapped.......I took it to the same place as last year and it was $65 to get it done....this year it was $96. I should have asked before I had them do it but I never expected it to go up that much.....I think next year I'm gonna get the tax software and do mine and my gf's. Ours are pretty straight forward....nothing fancy about them. |
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| Genki |
quote:
Originally posted by Flex
Just had my taxes done and I just about crapped.......I took it to the same place as last year and it was $65 to get it done....this year it was $96. I should have asked before I had them do it but I never expected it to go up that much.....I think next year I'm gonna get the tax software and do mine and my gf's. Ours are pretty straight forward....nothing fancy about them.
Get quick tax! u can even netfile.
im getting 2700 back :D. i bought like 2200 in RRSP this year. man cant wait! :D |
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| 2000z |
Definetly get Quicktax, I love it!
Calvin, opinions on this "Taxes for Dummies" software? |
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| TrevorK |
quote:
Originally posted by SilverZ24
There is no such thing as paying a fine. You are allowed to over contribute a bit, you just won't get to take the deduction until next year.
I know you're allowed 2000 over as a one-time thing, but I've already used that (Thanks to the advice of a financial planner)...
It just doesn't make sense - because then I should overcontribute if there's no penalty so my money grows tax free... |
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| Flex |
quote:
Originally posted by Genki
im getting 2700 back :D. i bought like 2200 in RRSP this year. man cant wait! :D
How did you manage that.....school deductions???? |
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| s2oooR |
quote:
Originally posted by TrevorK
I know you're allowed 2000 over as a one-time thing, but I've already used that (Thanks to the advice of a financial planner)...
It just doesn't make sense - because then I should overcontribute if there's no penalty so my money grows tax free...
the max u can be over at any time is $2000....if u go over that amount then the entire amount (incl. the $2000) will be fined 1% per month from inception....
....just wrote the CGA tax mid-term :p |
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| TrevorK |
quote:
Originally posted by s2oooR
the max u can be over at any time is $2000....if u go over that amount then the entire amount (incl. the $2000) will be fined 1% per month from inception....
....just wrote the CGA tax mid-term :p
So how does that affect me if I contributed say $2000 over in July?
And does the fine stop next year or.....? |
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| SilverZ24 |
I didn't know you had already over contributed in a prior year. You can just withdraw some of your RRSP's, and be more carefull next year.
Congrats by the way on keeping it that topped up. I used to have mine topped up, but then I bought a house 3 years ago and it has been a lot harder since then. Now I'm building a new house so it is only getting harder. :(
Shaun, good program, I cheat and use it myself. ;) |
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| s2oooR |
quote:
Originally posted by TrevorK
So how does that affect me if I contributed say $2000 over in July?
And does the fine stop next year or.....?
your total over-contributions can't exceed $2000 and that includes prior years contributions over and above your allowable amount....
so if your already using your top up amount of $2000 u cant contribute anymore unless u want to get fined.
Mind you, i dont know if you have any unused RRSP deduction room from prior years? That'd make a difference in your contributions for this comming year... |
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| TrevorK |
quote:
Originally posted by s2oooR
your total over-contributions can't exceed $2000 and that includes prior years contributions over and above your allowable amount....
so if your already using your top up amount of $2000 u cant contribute anymore unless u want to get fined.
Mind you, i dont know if you have any unused RRSP deduction room from prior years? That'd make a difference in your contributions for this comming year...
I've already contributed 2000 over before.
But in 2003 I switched jobs and I have a pension plan at work, which I assume will count as an RRSP contribution?
Which I didn't count on, so I'll be another 2000 over....Am I able to just withdraw 2000? Or do I pay a one time fine? Or...? |
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| 2003specv |
BORING!!!!
I started this thread to talk about what people are buying with their tax returns. Lets hear em!! |
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| SilverZ24 |
| I'm using mine towards the 7 grand in new appliances I'm buying for the house I'm building right now. :) |
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| 2003specv |
| Thats more like it!:bthumbup: |
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| Genki |
quote:
Originally posted by Flex
How did you manage that.....school deductions????
i was laid off for a mth and collected EI for a bit. then found a low paying job (compared to previous job)
Also my wife has no income |
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| 1mns13 |
quote:
Originally posted by Genki
i was laid off for a mth and collected EI for a bit. then found a low paying job (compared to previous job)
Also my wife has no income
How do you live on that low of an income?
On topic, I plan on paying more of my new house off. |
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| SilverZ24 |
| Well I bought my appliances on Saturday. $6400 gone. My tax return partially went to the 500 deposit I needed (5 months before I move into the new house and I need the rest of the money) and with the rest I got $1000US for spending money when I go to Vegas next month. :D |
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| Insomniac |
jared, you don't live in a condo now near the leg, do you?
i thought is saw a guy who looked like you walking a dog into the building. |
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| 1mns13 |
quote:
Originally posted by Insomniac
jared, you don't live in a condo now near the leg, do you?
i thought is saw a guy who looked like you walking a dog into the building.
No, I bought another house on the northside. I have a german shepherd. |
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| 19civic99 |
I got about 2500$ back this year...
And now my visa in clear!:cool: |
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