I don't kow where you guys are that the amounts of excess taxes you pay are so little.
- dt99999

Our family business pays plenty of taxes - lots of our materials are landed (primarily because Canada doesn't do a good job at holding on to raw materials and have them exported to be refined so we can buy them back at a huge premium).

Nothing we can do about it either.

I feel like you're this close to declaring yourself a sovereign citizen, and subsequently dying in a shootout with police after telling them they have no authority to arrest you for tax evasion.
- Feeling Glucky?

that would be awesome.

I don't kow where you guys are that the amounts of excess taxes you pay are so little.
- dt99999

This year will be my first year since college i'll see a return. I voluntarily make sure I overpay by $40 every two weeks

Please describe the ways for our benefit
- twiztedmike

Max out your RRSP contribution in January for the current tax year (don't wait until the following year, like most of the sheeple)


Ask CRA for a T1213 Request to Reduce Tax Deductions at Source, to submit to your employer ( http://www.cra-arc.gc.ca/...bg/tf/t1213/t1213-15e.pdf )

Your employer will then reduce the amount of taxes removed from your paycheck, in proportion to the amount of your Max RRSP contribution.




So, if your Max contribution is approximately 4k, by the time you receive the T1213 Request to Reduce Tax Deductions at Source, to submit to your employer, there will probably be about 40 weeks left in the current tax year, so if you're paid on a weekly basis, you will see an increase of about $100 in your take home pay, for the rest of the year.

It's simple.

http://www.advisor.ca/ima.../pdfs/spc_reducetaxes.pdf

http://www.getsmarterabou...-cheque.aspx#.Vs8cn-bUhzk

http://www.taxtips.ca/rrsp/reducetaxdeductions.htm

http://www.cra-arc.gc.ca/...ncmtx/rdcng/menu-eng.html

I don't kow where you guys are that the amounts of excess taxes you pay are so little.
- dt99999

No state income tax here and I always receive at least $3000 back.
It's a nice little "savings" for a few music festivals.

This year will be my first year since college i'll see a return. I voluntarily make sure I overpay by $40 every two weeks
- BINGO!

If I remember correctly I overpay $5 per weekly paycheck...

No state income tax here and I always receive at least $3000 back.
It's a nice little "savings" for a few music festivals.
- jochfr

but the government!

If I remember correctly I overpay $5 per weekly paycheck...
- jochfr

the (frank)ing government!

No state income tax here and I always receive at least $3000 back.
It's a nice little "savings" for a few music festivals.
- jochfr

My "savings" earn interest, or yield dividends.

Not up to speed with US tax regulations, but would think that it someone contributes to an IRA, to reduce their taxable income (come tax filing time) there probably would something similar to what I've been doing for decades, and having the use of "all" of my money to generate more returns than if I'd done what most sheeple do, and let the government have use of my money, and return it to me, interest free, a year later.

Max out your RRSP contribution in January for the current tax year (don't wait until the following year, like most of the sheeple)


Ask CRA for a T1213 Request to Reduce Tax Deductions at Source, to submit to your employer ( http://www.cra-arc.gc.ca/...bg/tf/t1213/t1213-15e.pdf )

Your employer will then reduce the amount of taxes removed from your paycheck, in proportion to the amount of your Max RRSP contribution.




So, if your Max contribution is approximately 4k, by the time you receive the T1213 Request to Reduce Tax Deductions at Source, to submit to your employer, there will probably be about 40 weeks left in the current tax year, so if you're paid on a weekly basis, you will see an increase of about $100 in your take home pay, for the rest of the year.

It's simple.

http://www.advisor.ca/ima.../pdfs/spc_reducetaxes.pdf

http://www.getsmarterabou...-cheque.aspx#.Vs8cn-bUhzk

http://www.taxtips.ca/rrsp/reducetaxdeductions.htm

http://www.cra-arc.gc.ca/...ncmtx/rdcng/menu-eng.html







- D0PPELGANGER

lol

at least his savings earn interest.

at least his savings earn interest.
- kicksave856

Imma die young so (frank) the savings

Imma die young so (frank) the savings
- jochfr

oh man, what do you got?

every time i get a sore throat i go "oh, that's my cancer from smoking. goodbye cruel world."

oh man, what do you got?

every time i get a sore throat i go "oh, that's my cancer from smoking. goodbye cruel world."
- kicksave856

bad Karma....

oh man, what do you got?

every time i get a sore throat i go "oh, that's my cancer from smoking. goodbye cruel world."
- kicksave856

I'm gonna be eaten by a bear!

I'm gonna be eaten by a bear!
- BINGO!

did a puppy bite you this morning?

when i get my taxes done in a few weeks I think I might tell the accountant to just add an extra like $5 and toss to the government just for the hell of it

when i get my taxes done in a few weeks I think I might tell the accountant to just add an extra like $5 and toss to the government just for the hell of it
- Crimsoninja

"a life comprised almost solely of dumb moves"

"a life comprised almost solely of dumb moves"
- dt99999

lol

When people say things like "It's a nice little "savings" for a few music festivals. " When they're resigned to just let the government over tax them, and wait for their money to be returned, interest free, a year later ............. I really hear one of these

I can't be bothered to fill out the appropriate form, to give to my employer, and get my money today.



Math?? I have to do some math! fuggetaboutit!



I'm not disciplined enough to bank my own money, earn some interest on it, it's easier to let the government have it for a year, and let them keep the earned interest I could have had.



$4K a year, plus lost (compounded) interest, for 30 years doesn't add up to enough to be bothered with.

▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
$4000 per year (without compounded interest) for 30 years = $12000.00

$4000 per year ( @ 3% compounded interest) for 30 years = $191,589.20

the Difference being $179589.20 ( in my pocket )

what the (frank) is going on

what the (frank) is going on
- Shutdown

the usual bumholery.

the usual bumholery.
- kicksave856

yeah but why is he doing brooklyn accents

A Major Poll Is Asking Florida Voters if Ted Cruz Is the Zodiac Killer

yeah but why is he doing brooklyn accents
- Shutdown

you read it?!


lol *points and laughs*