3/25/2015

Tax Time!

I love tax time.

I've just gone through and triple checked and then submitted our tax returns.  We use TurboTax - for under $30 at Costco, it makes filing sooo easy.

I used to do our taxes by hand first, and then use TurboTax - just in case there were discrepancies...and there never has been.  So this year, I just used the Tax Software to skip that step.

We're ear marking the entire refund to our Baby Fund - that will bring us sooo close to being at 100%.  It will feel so good to hit that goal so early on in the year, and then we can look to the next goal we can achieve.

So, where is the refund coming from?

Well we were actually both under taxed by our employers to the tune of $300 when I first entered in our T4's.  The refund is coming from:

  • Medical Expenses - Jordan's second tooth implant and benefit premiums from both employers
  • RRSP Contributions
  • Pension Adjustment
  • Professional Membership Dues
  • Interest on Investments
  • Educational Credits (I was still in school the first few months of 2014)
How are you guys fairing in your tax returns?  Do you owe?  Are you getting a return?  If you're getting a refund, what are you going to do with it?
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2 comments:

  1. That's an awesome refund :)

    We filed ourselves for the first time ever this year and I can't believe how easy it was with the software available out there! We ended up getting a return this year so half allowed us to pay off our LOC completely and the other bit went to my TFSA. I love tax season lol

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  2. Thank you for sharing this informative blog about Taxes. I had a great time reading this one. Keep on posting!

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