Anyone done thier Income Tax yet?

[The Arrogant Worms]

Just starting to work on ours 

 

I have been using Studio Tax for years as they do not store your data online.  That and ours are quite simple.

 

This is my son's before he bought $5000 in RRSP's.  Now he gets a $500 refund I think.

 

 

Edited February 29, 2024 by The Arrogant Worms

[Ghostsof1915]

You're just bragging how much your son makes.

[The Arrogant Worms]

1 minute ago, Ghostsof1915 said:

You're just bragging how much your son makes.

That isn't a lot when you live in Victoria.

[Jess]

I usually don't bother until some time in March. Too many other reports and documents still coming in throughout February.

[King Heffy]

Doing mine this weekend.  I just use whatever free Windows software I find on the link from the CRA site.

[higgyfan]

40 minutes ago, The Arrogant Worms said:

That isn't a lot when you live in Victoria.

 

Well, I guess that depends on how many hours a week he puts in.

 

Actually, I've got everything I need, so I'll be doing mine shortly.  Rather get it out

of the way, so I don't have to keep thinking (or procrastinating) about it.

[The Arrogant Worms]

1 minute ago, higgyfan said:

 

Well, I guess that depends on how many hours a week he puts in.

 

Actually, I've got everything I need, so I'll be doing mine shortly.  Rather get it out

of the way, so I don't have to keep thinking (or procrastinating) about it.

It's not the amount of hours....it's how much it costs to pay rent and live

 

And it's 38.5

[Western Red]

Seems like there is very little taxation happening imo.

[grumpyone]

nope, still haven't recieved all my T4's 

[Chicken.]

I also like studio tax, but rather wait a few weeks to do mine

[The Arrogant Worms]

1 hour ago, Western Red said:

Seems like there is very little taxation happening imo.

LOL...there is lots happening.

[MattJVD]

Been looking forward to this one! Just finished filling this evening, my wife and I moved from Edmonton to Victoria for new jobs so most of the moving expenses are deductable. Big return this year

[chris12345]

On 2/29/2024 at 7:05 PM, MattJVD said:

Been looking forward to this one! Just finished filling this evening, my wife and I moved from Edmonton to Victoria for new jobs so most of the moving expenses are deductable. Big return this year

Consider the simplified method!

[chris12345]

I use Taxcycle.

 

I wait until April 20 - 25. Too many slips roll in after April 1.

[MattJVD]

4 hours ago, chris12345 said:

Consider the simplified method!

Yep, used the simplified method for meals/car Kms. Then have receipts for the big stuff; lawyers, realtor fees, the moving company, etc.

[The Arrogant Worms]

On 2/29/2024 at 7:05 PM, MattJVD said:

Been looking forward to this one! Just finished filling this evening, my wife and I moved from Edmonton to Victoria for new jobs so most of the moving expenses are deductable. Big return this year

Did you buy a place or are you renting?

[MattJVD]

24 minutes ago, The Arrogant Worms said:

Did you buy a place or are you renting?

Sold in Edmonton and bought in Victoria, well in Langford

[Shift-4]

Done

Another good refund on the way

[BCNeil]

I used the autofill, it found everything except a T5.

Then I just had to enter capital gains and donations.

Pretty quick.

[Cerridwen]

Got my refund back already! Crackerjack bookkeeper!

[Sharpshooter]

47 minutes ago, Cerridwen said:

Got my refund back already! Crackerjack bookkeeper!

[Optimist Prime]

19k taxes all in for the household. Two adults, no kids. Not too shabby really.

the awkward bit is when i said this to a friend of mine, she had tears in her eyes.."more than i made last year" she said as she broke eye contact. 

[chris12345]

4 hours ago, Optimist Prime said:

19k taxes all in for the household. Two adults, no kids. Not too shabby really.

the awkward bit is when i said this to a friend of mine, she had tears in her eyes.."more than i made last year" she said as she broke eye contact. 

Nice work!

 

I barf when I see my taxes paid.

[chris12345]

I can't believe how early people get them done!

 

I don't even have all my slips yet!

[CaptainCanuck12]

So I can never get it straight.  I'm self-employed and if I have to pay tax this year, do I have to have my tax return (and tax payment) in by the end of March or the end of April?