I have a bigger chunk deducted out of my paycheck for the first 6-7 months of the year, and then get a big refund at the end of the tax year. I'd rather not wait for the govt to return my money to me, but get it upfront.
I know about the EI and CPP deductions. But I have extra deductions due to spousal education etc. Is it ok for me to add a number to my deductions worksheet at work?
I heard if I pay less taxes through the year I will have pay back the difference plus the interest amount. Is that correct?
Any suggestions on the way to go about this would be appreciated!
Check out Form T1213. I use it to get tax deduction from my salary for my RRSP rather than wait for a big fat refund cheque at the end of the tax year
Thanks for the tip. I looked at the form but I need to account for deductions other than RRSP.
Quote:
Originally posted by alexm
Thanks for the tip. I looked at the form but I need to account for deductions other than RRSP.
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happily holi day!
Thanks for the replies guys...I will take another look at the form.
categories on the form:
RRSP
Child care expenses
Support Payments
Employment expenses
Carrying charges and interest expenses on investments
here is the form:
http://www.cra-arc.gc.ca/E/pbg/tf/t1213/t1213-04e.pdf
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happily holi day!
Quote:
Originally posted by 905Desi
categories on the form:
RRSP
Child care expenses
Support Payments
Employment expenses
Carrying charges and interest expenses on investments
here is the form:
http://www.cra-arc.gc.ca/E/pbg/tf/t1213/t1213-04e.pdf</font>
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happily holi day!
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