Tax Return
 

Everyone,

It's the time of year again, everyone finished?

Also, Rebate or Pay?

I fucking owe CRA a vacation to Hong Kong. Day Trade was good to me last year.

Bought a lot more RRSPs this year due to the down markets and to cap off Home Buyer's Plan (HBP). Wife and I got about 3-4k in tax refunds between the both of us.

Nice thing about RRSPs this year was, if you waited till the last few days to purchase mutual funds, it would've been an easy ~20% gain. Clearly, my laziness is paying off.:)

Refund of > $7K
$2K of that is moving from Ontario to BC, income tax is much lower out here
$2.5K is moving expenses, I get back nearly half what I paid to move here
The rest is extra RRSP refund due to bonuses moving me up tax brackets

I usually apply to the CRA to have my tax refund calculated into each paycheque based on how much I'm contributing to my RRSP, beats waiting till Apr to get back $6K.

I filed feb 28th, got check March 14th or so. already spent!

I'm pissed off though, I put some money into non cashable RRSP's (already had 20k so I couldn't use it for anything anyways), then later learned they raised the Home buyer plan amount this year to 25k. I would have put it into cashable stuff had I known. oh well, now I have 2k less for a Down payment.

Getting about $200 back. Only contributed about $4300 in RRSP's last year. All I care is that I don't need to pay.

I have to pay $624.03! :'(

got back 2K in March...car insurance money...yay!

i contributed about the same, and broke even on my taxes. sucks! was expecting at least 1k back b/c of my rrsps. my company doesnt tax enough apparently.

have to start buying rrsp's next year

haha I hear ya mang. I mean $4300 is a ton of contributions but I would have expected more then $200 back lol. Ah wells bottom line is if I don't have to pay then I'm happy.