New things to check out for your tax forms

[msommers]

- Public transit costs
- Textbooks, 20 p/t 65 f/t
- Apprentice tools (any trade!!!) Must be required tools, but isn't only limited to mechanics now. Required tools must have been acquired after May 01/06

These were the major ones that stood out to me.

[adam c]

anymore?

[barbarian]

Canada Employment Credit, or something, it's in Schedule 11. Up to $250 credit.

Actually, the best tip I would give anyone is to buy a decent tax package. It's worth the $40.

[Grip172]

i have just taken my taxes to H&R Block in the past..any other recommendations?

[craigcd]

Originally posted by Grip172
i have just taken my taxes to H&R Block in the past..any other recommendations?

Depending on how complicated your return is buy a tax program and do it yourself.

[TimG]

^^ +1

anyone know when QuickTax or any of the other progs will be hitting the shelves?

Any preference on a tax program? I've only used Quicktax.

[khtm]

I use www.Ufile.ca You can do it all online for $15.

[barbarian]

Originally posted by TimG
^^ +1

anyone know when QuickTax or any of the other progs will be hitting the shelves?

Any preference on a tax program? I've only used Quicktax.

Quicktax is on the shelf now.

[B20EF]

Anyone claimed taxes as a private contractor, as in you got paid for jobs in cash and didn't pay taxes.

Does H&R block charge a lot if you just tell them how much you made and ask them to figure out what you owe?

[Frosty]

Originally posted by B20EF
Anyone claimed taxes as a private contractor, as in you got paid for jobs in cash and didn't pay taxes.

Does H&R block charge a lot if you just tell them how much you made and ask them to figure out what you owe?

They should not charge you anything extra. I believe (don't quote me on it) what you made in a cash deal will fall under "other income" and be entered into line 130. This is a simple entry on the tax program and it's net effect will be calculated by the program. Easy. I would also say you're more honest than a lot of people.

Just be glad you don't live in the U.S. :D

http://i2.photobucket.com/albums/y38/frostyDA9/deathandtaxes.jpg

[B20EF]

^^^Haha that tax form is hilarious, is that for real?

Thats what I was hoping to hear about claiming cash jobs. As for claiming the cash jobs, I know it's rare but I don't want to get audited and get screwed

[Whitetiger]

:werd:

[Frosty]

Originally posted by B20EF
^^^Haha that tax form is hilarious, is that for real?

Believe it or not...they are all 100% legit, right off the IRS webpage in their entirety :nut:

[msommers]

It's true, I don't they can use your tax form as evidence to prove crimes, so all you drug dealers, throw that shit on your tax form and you're A-OK:rolleyes: :D

[ashee]

Can you still claim public transit costs if you pay for it throught tution?

[FishPoo]

Originally posted by ashee
Can you still claim public transit costs if you pay for it throught tution?

Yep.

http://www.cra-arc.gc.ca/whatsnew/items/transit-e.html#q11

[msommers]

Originally posted by ashee
Can you still claim public transit costs if you pay for it throught tution?

If you printed out your total cost sheet along with your receipt, your tuition is a factor in the total sum, don't get confused. You pay 65 bucks for your U-Pass in addition to your tuition, same with health benefits, gym privileges etc. These are not included in your tuition! Hope that helps.

[sabad66]

anyone know when they send us out those t2220s9sdfo or whatever they're called?

[ashee]

Originally posted by msommers


If you printed out your total cost sheet along with your receipt, your tuition is a factor in the total sum, don't get confused. You pay 65 bucks for your U-Pass in addition to your tuition, same with health benefits, gym privileges etc. These are not included in your tuition! Hope that helps.

Ya thanks!