Tax Time

[KB in Kelowna]

So who has yet to file? We did ours on April 3. I am due a refund and so is my wife. Too bad we pretty much have it spent already :(

[a4l]

Mine was done at the end of FEB. The return was spent ages ago.

[TimmyTabasco]

My mother did mine before she left on vacation :laughing:

I have never understood taxes, and most likely never will

I got my return back, plus the gst cheques last week. Haven't spent either yet

[Rusty]

GST cheque?

what the heck is that?????

[Iced Tea]

oooo, yes, it is tax time, isn't it?

I guess I need to find my forms and do it this weekend.

I've been doing it electronically for the past few years. One of the best things the government ever did because I never have the time to go to the post office during regular hours to buy the stamps and mail the envelope.

I made out like a bandit last year, maybe my dream of a wide screen tv is a lot more realistic than I think. :D

[Mel]

I owed New York state about $100 :(


but then I got back like $900 from the federal gov't :)


but then I owed my accountant $200 :(


but I still netted $600 :)


but the check hasn't arrived yet :(


but when it arrives I'll be happy :)

[bluemeanie]

I thought you were giving us a brain teaser to solve there for a sec, Matt.

[Iced Tea]

I thought you were giving us a brain teaser to solve there for a sec, Matt.
You mean it wasn't one?

Darn, because I got $575 (Stamps ate up the other 25 dollars). :D

[bluemeanie]

You mean it wasn't one?

Darn, because I got $575 (Stamps ate up the other 25 dollars). :D

Actually, he ends up $14005.32 in the gutter. He uses 4 gallons of gas each direction to his accountant's office and back home != $1,822.54 US per gallon X 8 = 14580.32 -(600-25) = $14005.32

[Iced Tea]

Actually, he ends up $14005.32 in the gutter. He uses 4 gallons of gas each direction to his accountant's office and back home != $1,822.54 US per gallon X 8 = 14580.32 -(600-25) = $14005.32
What's that with the exchange rate?

I told you electronic filing saves time and money. :D

[a4l]

You are close but forgot the $330.00 for the toll roads. so he is actually $14335.32 in the hole.

[slapshot™]

I told you electronic filing saves time and money. :D

I thought so too. I ran out to Staples a couple of weeks ago and bought Quick Tax. It was a good program to use and I electronically filed my return with my head filled with great ideas of what to spend my money on (I was able to declare my moving expenses this year).

HA! I got a letter from the Feds last week asking me to submit my T-4's etc. So much for saving time. :curse:

[Iced Tea]

I thought so too. I ran out to Staples a couple of weeks ago and bought Quick Tax. It was a good program to use and I electronically filed my return with my head filled with great ideas of what to spend my money on (I was able to declare my moving expenses this year).

HA! I got a letter from the Feds last week asking me to submit my T-4's etc. So much for saving time. :curse:
Did you try to write off your new power tools as entertainment expenses or did you submit your return under the name, "Slapshot". :laughing:

[slapshot™]

Did you try to write off your new power tools as entertainment expenses or did you submit your return under the name, "Slapshot". :laughing:

Neither....I did it all in Roman Numerals!

Tax return for MMIV

[bluemeanie]

June 26 marks Tax Freedom Day.

I'll be celebrating this day by purchasing some heavily taxed Beer and Cigarettes.

VANCOUVER (CP) - Tax Freedom Day in Canada falls on Sunday this year, according to calculations by the Fraser Institute.

The annual study says Canadians, on average, will have paid the total tax bill imposed on them by all levels of government for the year by Saturday.

The tax rate - total taxes as a percentage of cash income - that the average Canadian family faces is unchanged from last year.

Since 2001, Tax Freedom Day has steadily advanced. It fell on June 19 in 2001, June 23 in 2002, June 24 in 2003, and June 25 in 2004.

"Tax Freedom Day gives Canadians a true picture of their total tax burden," said Niels Veldhuis, senior research economist at the right-wing think tank.

Veldhuis notes that Tax Freedom Day is not intended to measure the benefits Canadians receive from governments in return for their taxes. Rather, it looks at the price they pay for government.

"It's up to individual Canadians to decide how much value they receive in return for their tax dollars," he noted.

The institute says the average Canadian family experienced a $1,194 increase in their total tax bill between 2004 and 2005.

Nearly half of the rise was due to increases in personal income taxes.

Tax Freedom Day for each province varies.

This year, the earliest day fell on June 13 in Alberta, while the latest date will be July 7 for Quebec.

The calculations include income taxes, property taxes and sales taxes, as well as profit taxes, health, social security and employment taxes, import duties, licence fees, alcohol and tobacco taxes, natural resource fees, fuel taxes and hospital taxes.

[grim]

This year, the earliest day fell on June 13 in Alberta

June 13th? That's just because you Alberta freeloaders are getting filthy rich with all of Ottawa's oil. :conspire: