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Originally Posted by Ozy_Flame
Is it normal to owe every year? I make just under six digits and I'm contributing 10% of my paycheque to an RRSP every paycheque. Part of my income is variable and I earn it twice a year, and pay full tax on it every paycheque. Why the hell does it seem like I owe every year? This year is no different. Is this normal?
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Quote:
Originally Posted by Sylvanfan
^^^
I end up owing about $300 a year every year, with charity donations and children's fitness art credits plus RRSP. My RRSP contributions are done as payroll deductions. Still payroll miscalculated this every year. In the end it's better to owe than be owed as you get the government's money interest free for 4 plus months.
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Just out of pure curiosity do you guys work for companies that have their payroll completed by ADP? You don't have to say if you'd rather not for some reason, but I assure you I'm just curious.