 donoreoPremium
join:2002-05-30
North York, ON | Did you know that to get a tax refund..... You actually have to send your taxes in? That is enough of the story, you get the rest.  |
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 LazManPremium
join:2003-03-26
canada | Uh, I'm not familiar with this word "refund"...
Can you explain it?  |
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Reviews:
 ·voip.ms
| said by LazMan:Uh, I'm not familiar with this word "refund"...
Can you explain it?
It's this mystical, magical thing where you have somehow lent the government your money, interest free to them and they begrudingly return it when you show them that they took too much in the first place 
Though to be fair I use it as a kind of enforced savings plan, nice to know that you're getting some $ back to play with (or in my case pay bills with  )
NefCanuck |
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cog_biz_useri ruin threads apparently
join:2011-04-19
Hamilton, ON | reply to donoreo
i haven't even gotten my T4 yet, and you're talking about doing taxes?  |
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| reply to donoreo
Every year I always end up owing. Anywhere from $500 to $2.14 |
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donoreoPremium
join:2002-05-30
North York, ON | reply to cog_biz_user
said by cog_biz_user:i haven't even gotten my T4 yet, and you're talking about doing taxes?
2010 taxes. |
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peterboroPremium
join:2006-11-03
Peterborough, ON | reply to cog_biz_user
Monday is the big day to file and I've got several in the cue from their last pay stub in 2011 set to go at 12:01am Feb. 13 2012! |
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| reply to donoreo
You don't actually have to pay any income taxes? |
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peterboroPremium
join:2006-11-03
Peterborough, ON | Neither do you have to collect your whole paycheck or get to keep all the money in your bank account or keep anything tangible registered with the Ont. PPSA.  |
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 GuspazGuspazPremium,MVM
join:2001-11-05
Montreal, QC
kudos:16 | reply to donoreo
I've gotten back tens of thousands in tax refunds over the past few years, combining the provincial and federal tax refunds... Sadly, I've now used up the last of my credits from when I was a student, so excepting an inheritance that went right into my RRSP in 2011, no more tax refunds for me
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Developer: Tomato/MLPPP, Linux/MLPPP, etc »fixppp.org |
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| reply to donoreo
Tax refund? That's something kids get.
I haven't seen or heard of a refund in years. |
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GuspazGuspazPremium,MVM
join:2001-11-05
Montreal, QC
kudos:16 | said by eh refund :Tax refund? That's something kids get.
I haven't seen or heard of a refund in years.
You've never donated to charity?
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Developer: Tomato/MLPPP, Linux/MLPPP, etc »fixppp.org |
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 DKSDamn Kidney StonesPremium,ExMod 2002
join:2001-03-22
Owen Sound, ON
kudos:2
 ·Bell Sympatico
| said by Guspaz:said by eh refund :Tax refund? That's something kids get.
I haven't seen or heard of a refund in years.
You've never donated to charity? Or a political party...
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Need-based health care not greed-based health care. |
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| reply to Guspaz
said by Guspaz:said by eh refund :Tax refund? That's something kids get.
I haven't seen or heard of a refund in years.
You've never donated to charity? It comes off what I owe. I always end up paying and it's in the thousand all the time.
Donate to a political party? Nope. Name one that deserves my money? Should I give them 2000$ so I don't have to pay 2,000$? |
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| You must either work a hell of a lot of overtime on a regular basis or you are self-employed and your business has been earning more and more every single year. I'd like to know what sort of business that is if that's the case |
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| said by lugnut :You must either work a hell of a lot of overtime on a regular basis or you are self-employed and your business has been earning more and more every single year. I'd like to know what sort of business that is if that's the case
Not very f'n rich.
The problems happen when I have to do tax transfers. I get a lot back from one side (fed) but end up owing a crap load to prov.
Different prov's take tax off different things. I have a pay check from one and live in another.
It's a headache every year and it even puts accountants in for a loop. |
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| The worst is when you get a healthy bonus one year (from stock options and performance) and the government automatically anticipates the same revenue the following year and they expect you to pay them in advance, before the end of the new fiscal year. Not to mention the interest being charged...
If they get to keep my money for a whole year, I should expect an interest, the same way they charge you interest if you owe them money. Alas, it is the government after all... |
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 J E F FWhatta Ya Think About Dat?Premium
join:2004-04-01
Kitchener, ON
 ·Rogers Hi-Speed
 ·Rogers Portable ..
·magicjack.com
| reply to donoreo
You have to send them in your T4's and stuff? I thought you didn't have too, since the employer already did it. You mean I haven't filed for 26 years? OOPS...I HUGE OOOOOOPS.
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If you can't explain it simply, you don't understand it well enough. - Albert Einstein |
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 BGBWants moar interwebzPremium
join:2009-07-09
Waterloo, ON
·TekSavvy DSL
·TekSavvy Cable
·eyesurf
| reply to donoreo
I've gotten a small refund the last couple of years (around 100), and never had to send anything in... I just download studiotax for free and send it in over the interwebz.
I started RRSPs this year, so i'm hoping for a bigger refund this year |
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| reply to donoreo
Each year in Feb, I put in the max RRSP ~20K$. That gets me a ~7K$ refund which is seed money for next year's RRSP lump sum. If you can discipline yourself not to blow your refund on a new 'toy' every year, you can start accumulating some serious coin. |
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