The Business and Financial Forum THIS SPACE OPEN FOR ADVERTISEMENT. YOU SHOULD BE ADVERTISING HERE! Revscene Wall Street.
Consolidating debt? Good business tips? Buying stock? How's our economy doing? Discuss and share advice and tools on everyday banking, investing, wealth management and insurance. | | |
03-20-2012, 11:14 AM
|
#26 | Rs has made me the man i am today!
Join Date: Nov 2008 Location: Vancouver
Posts: 3,272
Thanked 4,111 Times in 996 Posts
Failed 132 Times in 35 Posts
|
Don't worry about makin the most of your tuition credits, because you have no control over when they'll be used or how much will be used.
No matter what tuition amount you claim, CRA will adjust it for the correct amount. This is one of the few things that CRA adjusts for to your benefit. Normally, CRA does not automatically adjust returns to give you bigger refunds, but this is one of the few exceptions. Posted via RS Mobile |
| |
03-25-2012, 08:37 PM
|
#27 | (7125 Viewing)
Join Date: Oct 2009 Location: Vancity
Posts: 707
Thanked 100 Times in 30 Posts
Failed 63 Times in 26 Posts
| Quote:
Originally Posted by bobbinka Don't worry about makin the most of your tuition credits, because you have no control over when they'll be used or how much will be used.
No matter what tuition amount you claim, CRA will adjust it for the correct amount. This is one of the few things that CRA adjusts for to your benefit. Normally, CRA does not automatically adjust returns to give you bigger refunds, but this is one of the few exceptions. Posted via RS Mobile | CRA did not adjusted it for me its the H&R Block.
What do you mean about.... Quote:
This is one of the few things that CRA adjusts for to your benefit. Normally, CRA does not automatically adjust returns to give you bigger refunds
| On line 323 of my refund he put max of my tuition credits (15,572). Some tax software will alarm you that it will raise a flag with cra to audit your return. My worries is if I dont get the full refund that H&R Promise I feel I got scam with that guy coz I agree paying them $79 just because the refund amount is that big. The second one is that if years from now and CRA notice it that I did it they will audit me and I'm screwed. Hopefully that guy knows what his doing |
| |
03-27-2012, 10:12 PM
|
#28 | Rs has made me the man i am today!
Join Date: Nov 2008 Location: Vancouver
Posts: 3,272
Thanked 4,111 Times in 996 Posts
Failed 132 Times in 35 Posts
|
if they did something incorrectly and it affects the outcome, that is something you can take up with them afterwards. if you don't want to worry, then i suggest learning how your tax return works.
you will not get audited for tuition credits, CRA will simply adjust it to the correct amounts if it was input incorrectly. if you did not initially submit any documents, then they may ask for documentation, but that's about it (for tuition credits anyway).
|
| |
03-28-2012, 12:45 AM
|
#29 | (7125 Viewing)
Join Date: Oct 2009 Location: Vancity
Posts: 707
Thanked 100 Times in 30 Posts
Failed 63 Times in 26 Posts
| Quote:
Originally Posted by bobbinka if they did something incorrectly and it affects the outcome, that is something you can take up with them afterwards. if you don't want to worry, then i suggest learning how your tax return works.
you will not get audited for tuition credits, CRA will simply adjust it to the correct amounts if it was input incorrectly. if you did not initially submit any documents, then they may ask for documentation, but that's about it (for tuition credits anyway). | I will get my refund in March 29th.... will see.... If CRA will adjust my refund I feel like I got scammed by H&R Block.... I paid that much coz they promise me to get that refund.... I know other company could do it half of what they are asking.....
Do you know another Tax preparation company that is reliable and affordable?
|
| |
03-29-2012, 11:55 AM
|
#30 | (7125 Viewing)
Join Date: Oct 2009 Location: Vancity
Posts: 707
Thanked 100 Times in 30 Posts
Failed 63 Times in 26 Posts
|
I got my tax refund and no deduction
- what would be the worst case if I got audited....Correct me if I'm wrong all tax accountant in H&R Block are certified by CRA right? They will also protect me if in case CRA will audit me.... I'm just worried |
| |
03-29-2012, 12:41 PM
|
#31 | MiX iT Up!
Join Date: May 2006 Location: vancouver
Posts: 8,137
Thanked 2,069 Times in 867 Posts
Failed 642 Times in 183 Posts
| Quote:
Originally Posted by Plush I got my tax refund and no deduction
- what would be the worst case if I got audited.... Correct me if I'm wrong all tax accountant in H&R Block are certified by CRA right? They will also protect me if in case CRA will audit me.... I'm just worried | LOL
__________________ Sometimes we tend to be in despair when the person we love leaves us, but the truth is, it's not our loss, but theirs, for they left the only person who couldn't give up on them.
Make the effort and take the risk.. "Do what you feel in your heart to be right- for you'll be criticized anyway. You'll be damned if you do, and damned if you don't." - Eleanor Roosevelt |
| |
03-29-2012, 01:01 PM
|
#32 | MiX iT Up!
Join Date: May 2006 Location: vancouver
Posts: 8,137
Thanked 2,069 Times in 867 Posts
Failed 642 Times in 183 Posts
| Quote:
Originally Posted by Plush I will get my refund in March 29th.... will see.... If CRA will adjust my refund I feel like I got scammed by H&R Block.... I paid that much coz they promise me to get that refund.... I know other company could do it half of what they are asking.....
Do you know another Tax preparation company that is reliable and affordable? | www.craigslist.com/vancouver
look for CGA / CA
__________________ Sometimes we tend to be in despair when the person we love leaves us, but the truth is, it's not our loss, but theirs, for they left the only person who couldn't give up on them.
Make the effort and take the risk.. "Do what you feel in your heart to be right- for you'll be criticized anyway. You'll be damned if you do, and damned if you don't." - Eleanor Roosevelt |
| | | |
Posting Rules
| You may not post new threads You may not post replies You may not post attachments You may not edit your posts HTML code is Off | | | All times are GMT -8. The time now is 05:12 AM. |