Last Tuesday, when I was bedridden, our British receptionist/secretary informing me that a letter for me from Canada has arrived. When I finally reported back to the office this Thursday, I was surprised to get a 15+ T4s sent by my mother just in time to complete my income tax return.
Here's a collection of my T4sIt's not that I am flaunting the T4s that I have here because I'm rich, its actually the otherwise. You know, last year was really a weird year for me as I moved from one employer to another. The problem with me is that I almost always get tired of the job too quickly and want to move on to another minimum salary job. The end result, now I got like 15+ T4s needing to be accomplished for this year's tax return.
If you guys may ask, how could I file my taxes if I am outside of Canada. Luckily, the CRA allows electronic filling of taxes and using online software such as UFile, all you need to do is to electronically fill out the questionnaires and voila, you can then submit the result to the CRA for faster processing. I am really determined to get my taxes done right away to lessen the things I need to worry about in my "busy" "professional" "high-paying" "stress-free" lifestyle.
Disappointingly, my refund for this year's taxes didn't even reach $80. Despite the fact that every year, the taxes I pay gets higher and higher, this has been my lowest calculated refund to-date. I actually expected it to rise from last year's due to the fact that we have new tax credit policies such as the public transit pass but surprisingly, it hasn't been this case to me.
To those who are filling their taxes there, take note that you could now claim credits from your monthly bus pass from any recognized public transportation entity in your town or city. Moreso, if you have prescription drugs bought last year, you can declare them as well in your taxes for credits. And if by any chance you moved from one locality to another, you can claim your moving expenses as well as long as it made you at least 40 kilometres nearer to the place of economic activity (eg school, work etc.).
Should anyone have tips on how to better improve their refund situation, share your advice to me. Take note it must be legal and not illegal in any means as I have 0 tolerance for fraud.
If you guys may ask, how could I file my taxes if I am outside of Canada. Luckily, the CRA allows electronic filling of taxes and using online software such as UFile, all you need to do is to electronically fill out the questionnaires and voila, you can then submit the result to the CRA for faster processing. I am really determined to get my taxes done right away to lessen the things I need to worry about in my "busy" "professional" "high-paying" "stress-free" lifestyle.
Disappointingly, my refund for this year's taxes didn't even reach $80. Despite the fact that every year, the taxes I pay gets higher and higher, this has been my lowest calculated refund to-date. I actually expected it to rise from last year's due to the fact that we have new tax credit policies such as the public transit pass but surprisingly, it hasn't been this case to me.
To those who are filling their taxes there, take note that you could now claim credits from your monthly bus pass from any recognized public transportation entity in your town or city. Moreso, if you have prescription drugs bought last year, you can declare them as well in your taxes for credits. And if by any chance you moved from one locality to another, you can claim your moving expenses as well as long as it made you at least 40 kilometres nearer to the place of economic activity (eg school, work etc.).
Should anyone have tips on how to better improve their refund situation, share your advice to me. Take note it must be legal and not illegal in any means as I have 0 tolerance for fraud.
Meh, let the accountant handle it. :P
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