I need the joy of learning how CAD income tax works!
Dec 20th 2010, 2:01 pm
#31
Joined: Dec 2008
Posts: 3,054
Re: I need the joy of learning how CAD income tax works!
It is a bit cumbersome at first but you get used to it. My return is straightforward - plug in the info on my T4 and T5 and RRSP contributions, charitable donations email and 2-3 weeks later get a cheuqe in the mail.
I imagine there are a couple of bits and bobs I could claim but cant be bothered figuring out. The whole process is about a half hour at best. When you consider how many more rebates there are compared to the UK, espcially RRSP's its worth it in my mind, even monthly transit passes are deductable.
I imagine there are a couple of bits and bobs I could claim but cant be bothered figuring out. The whole process is about a half hour at best. When you consider how many more rebates there are compared to the UK, espcially RRSP's its worth it in my mind, even monthly transit passes are deductable.
Dec 20th 2010, 2:53 pm
#32
Lost in BE Cyberspace
Joined: Aug 2005
Location: South of Calgary
Posts: 13,374
Re: I need the joy of learning how CAD income tax works!
It is a bit cumbersome at first but you get used to it. My return is straightforward - plug in the info on my T4 and T5 and RRSP contributions, charitable donations email and 2-3 weeks later get a cheuqe in the mail.
I imagine there are a couple of bits and bobs I could claim but cant be bothered figuring out. The whole process is about a half hour at best. When you consider how many more rebates there are compared to the UK, espcially RRSP's its worth it in my mind, even monthly transit passes are deductable.
I imagine there are a couple of bits and bobs I could claim but cant be bothered figuring out. The whole process is about a half hour at best. When you consider how many more rebates there are compared to the UK, espcially RRSP's its worth it in my mind, even monthly transit passes are deductable.
Dec 20th 2010, 6:13 pm
#36
Joined: Aug 2005
Posts: 14,227
Re: I need the joy of learning how CAD income tax works!
Not exactly sure - there are probably some technical differences. They are similar in that you can contribute a certain percentage of your income tax free into a pension plan, I think in the UK that this percentage goes up as you get older - not sure about here. The last plan I had in the UK was a 4%/7% split between employee/employer contribution. The 4% was taken before tax, so membership was kind of a no-brainer.
Last edited by Alan2005; Dec 20th 2010 at 6:15 pm.
