4/11/2016

Tax Refunds

Posted by with 4 comments | in ,
It took some time, but I finally got our tax returns prepped and submitted.  This year was a bit more complicated than others because we were able to make a claim for moving expenses.

The tricky part though, is that Jordan moved for work in 2015, but the house didn't sell until 2016 - so we have to split the expenses across two tax years.  I'm using TurboTax again this year, but needed to spend some time on the phone with the CRA before I felt comfortable going forward.

I have a sizeable spreadsheet and a pile of receipts that document things as much as possible.  Fingers crossed I did it correctly as I've read that moving expenses often prompt CRA to ask for more information or even to audit.

We're looking at a refund of around $4,000!  Woohoo!
Do you have a refund coming your way?  Have you already received it?


Related Posts:

  • Tax RefundI don't think that anyone actually read what I write - but if there is anyone out there, I'm curious, what do you all plan to do with your tax refund? save? spend? pay off debt?Lets here it!… Read More
  • Notice of AssessmentDoes anyone ever read their notice of assessment? It's that peice of paper you get in the mail once you've filed your taxes that says how much the government is giving you / how much you are going to give them. It summarize… Read More
  • Canadian Taxes - Where Does Your Money Go?JD over at Get Rich Slowly posted an article  today about the United States of America's taxes.  I thought I would dig up a little information on Canadian Taxes. For the fiscal year (2007-2008), Canada's … Read More
  • Borrowing to Contribute to RRSPsI have a LOT of RRSP contribution room, well, I think it's a lot. My 2009 limit is $13, 116. Now while I wouldn't borrow the full amount - I wonder about the advantages of 'catching up' when it comes to RRSPs. I read an artic… Read More
  • Refund Time!!Well, I got my tax refund, and promptly put $1500 towards my visa debt, which has my highest interest rate at 11% plus an annual fee of $23 (which as soon as I pay off the card, I will get rid of the fee, I won't need it to s… Read More

4 comments:

  1. Live and Learn11 April 2016 at 20:43

    We got a federal refund and had to pay the state. I'm sure you can find a good use for your refund when it comes.

    ReplyDelete
    Replies
    1. Jessie's Money12 April 2016 at 13:49

      Hopefully your refund took care of what you had to pay the state.

      Delete
  2. Catwoman7312 April 2016 at 04:35

    Yup! We got our refund about a month ago. It was about the same as what you are expecting. The money went partially to savings, and partially to various expenses that pop up in the early months of each year for us. It's always nice to get money back!

    ReplyDelete

Hi! Thank you for stopping by and leaving a message.

Subscribe to: Post Comments (Atom)

Links ♥

Followers