06-11-2009, 10:23 AM
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#21
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One of the Nine
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Quote:
Originally Posted by Tron_fdc
A little over 5k.
It all went to property tax, so all I saw out of it was an efficiently run city maximizing my tax dollar. Go Bronco!!!
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See kids? Green text is not necessary.
I'm afraid of what I'm gonna owe. So I'll just procrastinate a little while longer.
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06-11-2009, 10:23 AM
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#22
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Franchise Player
Join Date: Aug 2005
Location: Memento Mori
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Quote:
Originally Posted by Bobblehead
You'll be forced to pay installments if that happens again.
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Well, CRA stopped sending me payroll deduction slips, so if they want their installments, they can bother to send me the forms again.
As it turns out, they stopped sending them to me because, well, my deductions were so low it didn't matter to them.
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06-11-2009, 10:26 AM
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#23
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CP Pontiff
Join Date: Oct 2001
Location: A pasture out by Millarville
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Quote:
Originally Posted by fotze
I got just over $9000, I bet that just makes slava and moneyguy sick to their stomach that I am giving a tax free loan to the government.
I know it is ######ed that I am loaning out 375 per paycheck but I know that will get blown on something useless so its like putting it in a bank account with negative interest.
Also, if I were to fill out the form to reduce this amount, I have no idea what numbers to put in there so that it comes out to ~350 less per check.
Maybe this thread will get me to do it never realized how dumb this is.
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From what I understand, lots of corporations are leaving money with the government taxman because the CCRA pays more than money market rates and obviously, there is a government guarantee.
Normally, that probably wouldn't happen but you may have plenty of company this year.
Cowperson
__________________
Dear Lord, help me to be the kind of person my dog thinks I am. - Anonymous
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06-11-2009, 10:27 AM
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#24
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Franchise Player
Join Date: Apr 2004
Location: Calgary
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I got $2500 - put it into savings (yes I am boring hehe)
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06-11-2009, 10:35 AM
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#25
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Franchise Player
Join Date: Oct 2001
Location: sector 7G
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my $20 won't even buy me a case of beer.
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06-11-2009, 10:36 AM
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#26
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One of the Nine
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It'll buy you a case of Lucky...
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06-11-2009, 10:37 AM
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#27
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Franchise Player
Join Date: Mar 2007
Location: Income Tax Central
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Quote:
Originally Posted by Cowperson
From what I understand, lots of corporations are leaving money with the government taxman because the CCRA pays more than money market rates and obviously, there is a government guarantee.
Normally, that probably wouldn't happen but you may have plenty of company this year.
Cowperson
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Yeah, I heard about this scam, the CRA will be putting a stop to it PFQ.
It was a sweet deal while it lasted, but if I was one of the companies I'd be pulling that cash quick because I've heard that if they dont the CRA's fines might be somewhere in the neighborhood of "get rid of it or we're keeping it. All of it."
__________________
The Beatings Shall Continue Until Morale Improves!
This Post Has Been Distilled for the Eradication of Seemingly Incurable Sadness.
The World Ends when you're dead. Until then, you've got more punishment in store. - Flames Fans
If you thought this season would have a happy ending, you haven't been paying attention.
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06-11-2009, 10:38 AM
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#28
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Franchise Player
Join Date: Oct 2001
Location: sector 7G
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Quote:
Originally Posted by 4X4
It'll buy you a case of Lucky...
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as I said before....
I really should have stocked up more in the US in March. They practically give it away down there.
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06-11-2009, 10:44 AM
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#29
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Franchise Player
Join Date: Jul 2005
Location: in your blind spot.
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Quote:
Originally Posted by Shazam
Well, CRA stopped sending me payroll deduction slips, so if they want their installments, they can bother to send me the forms again.
As it turns out, they stopped sending them to me because, well, my deductions were so low it didn't matter to them.
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They won't care. They'll just charge you interest on the installments they figure you were supposed to make.
Quote:
You have to pay your income tax by instalments for 2009 if your net tax owing is more than $3,000:
* in 2009; and
* in either 2008 or 2007.
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http://www.cra-arc.gc.ca/E/pub/tg/p110/p110-e.html
__________________
"The problem with any ideology is that it gives the answer before you look at the evidence."
—Bill Clinton
"The greatest obstacle to discovery is not ignorance--it is the illusion of knowledge."
—Daniel J. Boorstin, historian, former Librarian of Congress
"But the Senator, while insisting he was not intoxicated, could not explain his nudity"
—WKRP in Cincinatti
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06-11-2009, 10:49 AM
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#30
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Franchise Player
Join Date: Mar 2007
Location: Income Tax Central
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Quote:
Originally Posted by Bobblehead
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Yeah....they're like that. Anyone else noticed that the CRA seems to be on their collective period this year? Its like the entire organization has PMS this year, I dont know WTF happened. Maybe everyone who works there's wife slept with the guys over at Customs.
__________________
The Beatings Shall Continue Until Morale Improves!
This Post Has Been Distilled for the Eradication of Seemingly Incurable Sadness.
The World Ends when you're dead. Until then, you've got more punishment in store. - Flames Fans
If you thought this season would have a happy ending, you haven't been paying attention.
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06-11-2009, 11:09 AM
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#31
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 Posted the 6 millionth post! |
Man, I owed this year. Tax management for freelancing without a business license sucks balls sometimes.
How the heck do some of you get so much in return? Damn, either you're all maxing out your RRSP's or just feel like paying more tax for the hell of it....?
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06-11-2009, 11:12 AM
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#32
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Franchise Player
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Quote:
Originally Posted by Ozy_Flame
Man, I owed this year. Tax management for freelancing without a business license sucks balls sometimes.
How the heck do some of you get so much in return? Damn, either you're all maxing out your RRSP's or just feel like paying more tax for the hell of it....?
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I don't know how some people can maximize their RRSP limit. 18% of your gross works out to be about 25-30% of your net pay. How can people put that much cash in RRSPs is beyond me
I think I need some financail tips
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06-11-2009, 11:17 AM
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#33
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Franchise Player
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Quote:
Originally Posted by albertGQ
I think I need some financail tips
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Put money towards RRSP's instead of Flames Poker Tournaments and weddings! 
Just playin'
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06-11-2009, 11:22 AM
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#34
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Franchise Player
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Quote:
Originally Posted by malcolmk14
Put money towards RRSP's instead of Flames Poker Tournaments and weddings!
Just playin' |
I agree on the second point. Weddings are a waste of money when you can get the same result by going to city hall
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06-11-2009, 11:27 AM
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#35
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Appealing my suspension
Join Date: Sep 2002
Location: Just outside Enemy Lines
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I got around 12,600 back. I haven't spent any of it yet, as that and a bit o inheritence from one of my Uncles will be enough to cover tuition fees, and supplies for what looks like a return to the class room. The only thing worse than being a 25 year old grad with student loans...would be being 10 years older with the same thing!
__________________
"Some guys like old balls"
Patriots QB Tom Brady
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06-11-2009, 11:28 AM
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#36
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Franchise Player
Join Date: Apr 2008
Location: Calgary
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I owe ~1700
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06-11-2009, 11:29 AM
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#37
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Franchise Player
Join Date: Aug 2005
Location: Memento Mori
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Quote:
Originally Posted by Bobblehead
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I've already had this conversation with the cro-mags at CRA. Please tell them the law they're supposed to know so I can send them money.
Sending cheques randomly to the CRA doesn't work.
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06-11-2009, 11:30 AM
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#38
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Lifetime Suspension
Join Date: Mar 2007
Location: Calgary
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Quote:
Originally Posted by Shazam
Well, CRA stopped sending me payroll deduction slips, so if they want their installments, they can bother to send me the forms again.
As it turns out, they stopped sending them to me because, well, my deductions were so low it didn't matter to them.
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those s stop sending me GST slips too...
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06-11-2009, 11:31 AM
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#39
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#1 Goaltender
Join Date: Apr 2006
Location: Sadly not in the Dome.
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Got about $2500 between the wife and I (in BC). Nothing special for RRSP's and stuff, I do contribute a bit. $500 of that was the credit for the kids sporting activities which is nice.
Most of it went to adding a room in the house and new appliances. Baby stuff as well.
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