tax refund
 

yippeee got our first tax refund today, im off shopping

Re: tax refund
 

Lucky you ;) how long did it take to come.........weve been waiting 12 wks now :blink: and not heard a thing.

Re: tax refund
 

Yea

Got ours last week already eyeing up the hoilday brochures :)

Re: tax refund
 

We are waiting for first tax return to come through too. Our accountant told us it would take around 3-4 weeks :thumbsup:

Re: tax refund
 

Wow
they are quicker over that side of Canada then , I think ours took about seven weeks to come thru but its certainly was nice to get it :)

Re: tax refund
 

We submitted our tax return on early in March this year. We were told that because this is our first tax return, it goes through an initial assessment then a second assessment. We were told that this happens if there is no history of any tax return being submitted on our behalf within the last eight years in Canada. Because my husband is working and I'm staying at home, my assessment was a zero return so I received my notification about a month ago. However, my husband's is going to the second assesment stage and we should receive our refund by 15th June at the very latest.

Hope this helps.

L

Re: tax refund
 

Thanks for your reply :D Was starting to worry it had got lost, and hubby is back in the Uk, he has tried ringing but.......gets nothing but the answer phone and i have been told they wont talk to me Mmmm might give it a go tho ;)

Re: tax refund
 

Why is everyone so confident at getting a refund??? :confused: does everyone get one?

Re: tax refund
 

No, but about 2/3rds of people who file returns do. This is mainly because:

1. Unless you tell them otherwise, employers will deduct tax as though you are a single person with no allowances beyond the basic personal tax credit, and

2. Many people make RRSP contributions which are allowable against your taxable income.

Re: tax refund
 

Because I worked only p/t for around 6 months or so, I can give my unused tax allowance to my husband (or vice-versa) - now thats nice for sure :thumbsup:

You also get $2000 per child tax credit, plus sports credits of up to $500 for each child per year too. Not forgetting credits for paying for health insurance and also credits for the portion of prescriptions/dental etc that we paid out of pocket after insurance picked up the rest. You also also claim for specialised workwear and tool, subscriptions too.

Because we used an accountant for our first year we already know what our rebate will be :thumbsup:

KEEP ALL YOUR RECEIPTS!

Re: tax refund
 

Because we used an accountant for our first year we already know what our rebate will be :thumbsup:


As it was our first filed tax return we went the accountant route as well, glad we did , as you say its nice to know what the rebate is going to be, it gives you all that time to plan what your going to spend it on before it arrives :)

Re: tax refund
 

Mmm I haven't worked here and they told us at Liberty tax if we did ours together, we would get more allowance...then if we did it seperately.
So i guess thats same as what you are saying ;)

Re: tax refund
 

Will someone, who has been jobless since they landed 14 months ago and who has been paying BC insurance monthly and living expenses, be entitled to some tax refund?

Thank you for your replies.

Yasmina

Re: tax refund
 

Yes, there are some refundable tax credits you can claim, even if you have no income. You should file a tax return every year regardless.

By BC insurance do you mean MSP premiums? If so, you can claim for premium relief if you are on a low income. But, only if you file a tax return.

Re: tax refund
 

Yes..I mean MSP premium.

* Can you tell me what the refundable tax credits are that one can claim?


* The thing is the person i was talking about above filed the tax return and the accountant said he was not eligible for any tax refund...The accountant was using a tax return software (kind of template..just filling in the blanks). CRA sent already ZERO $ refund.

* Can the person RE-file his tax return to request the premium relief for example?

Thanks in advance,

Yasmina

Re: tax refund
 

The tax credits I am thinking of are the BC sales tax credit and the GST credit. You are not going to get rich on these credits - the maximum is about $800 if you have a family, but it is better than a kick in the teeth. If you have children you may also be eligible for the Canadian Child Tax Benefit and the Universal Child Care Benefit which could be substantially more.

I had better clarify, these credits are calculated on household income rather than individual income. If you are single, or a single parent, with a very low income you will qualify. If you are a homemaker with little personal income, but OH is earning a decent salary, you won't.


You can file an amended return if you need to change some of the numbers reported. There is no point otherwise. If you believe that your return has been improperly assessed you can appeal.

However, for premium relief you should apply directly to MSP. They will need details from your tax return to process your benefit claim. Once again, they consider joint income if you are in a conjugal relationship.

Re: tax refund
 

used quicktax on line submitted by post as it was our first time. hubby trucker and got $4000 back in less than 5 weeks straight in to bank on Victoria Day.
i now have a home theatre system, ipod nano, another computer etc etc uuummmm love refunds

Re: tax refund
 

Is this your first tax return in Canada, or just the first one you have submitted on-line? The reason I ask is that the general consensus on this forum, and therefore presumably the tax office, is that the first return you file after moving here has to be a paper record. We went through a local accountancy firm, and they gave us much the same advice as andrew & linda's post above, ie, it may be up to some scrutiny.

I have a grand total of $69 due back to me - so just a little more than it cost to get the accountants to work it all out ;) But hubby's has been worked out at over $3k - I'm not convinced it's right to be honest - and there were certain pertinent questions the accountants did not ask us about world-wide income in 2007. :confused: So we sit back, wait and see, and try not to mentally go shopping just yet ... :p

Re: tax refund
 

Ann we got our check on friday just gone, we was told that we were due just under 3k and thats what we got :D

Re: tax refund
 

It is great to get a tax refund, but we are getting our own money back, that was loaned the government interest free.

Re: tax refund
 

it was our first in canada, we did it on line BUT couldnt send it online as it was our first, we just printed it off and sent it in the post.

Re: tax refund
 

Got ours a couple of weeks back, first time file; used an accountant recommended by a fellow ex-pat, well worth the money!

And yes, you can get some back if you haven't been earning, I've been full time in a college since I got here and still got a little bit (plus there was some transferable allowance shenannegans with the wife which all seemed to work out for the good).

Re: tax refund
 

Got ours yesterday, took 6 weeks. Got $626 back on a total income last year of $700. :)

It was these non income based tax refunds, and we didn't apply for the GST credit.

$200 was the $100 each that Ontario gives each adult as a sales tax refund. The other $426 was the partial property tax refund that we are presumed to pay as a portion of our rent and is also an Ontario rebate.

Re: tax refund
 

I hate to be a party pooper, but the onus is on you to tell the accountants, not for them to ask.

That's the definition of intaxication: the euphoria we feel when we get a tax refund, that lasts until we realize it was our own money in the first place.

Re: tax refund
 

It's quite surprising the number of people that prefer it that way.

They see it as a way of saving. :confused:

Mrs_P and I filed jointly I owed money and she was getting more back. We naively thought they would take what I owed from her refund, Noooo she got the full refund and I got a bill.:curse:

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Funny how it works out that way. Bet she took you out for dinner eh!

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Our tax return came within about two weeks, it was our third one and we did it as early as possible (as soon as we both had T4's), so we beat the mad rush.

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As a matter of fact she did while we were in Hawaii. :thumbup:

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We had to send two sets of returns, one each using the SIN given to us when we were overseas landlords (renting out our canadian house before we landed here) and another one each using our TWP SINs. More fun next year as we will have new PR SINs!

Of course the cheques sent with our overseas landlord assessments were cashed immediately, but we have still not seen any of the refund due from the assessment as TWs. :curse:

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Exactly , to take six weeks to get our own money back, without interest !! taking the mickey really !

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You have a keeper there then!

Re: tax refund
 

After 39 years I think that's a given. :):thumbsup: