3/02/2017

It's Tax Time!

This year I'm doing taxes for myself, for Jordan, my great aunt, my grandparents and my deceased grandmother too.  They are all pretty straight forward, but I am learning a few new things.

For us, the big thing is finishing the claim on our moving expenses.  We moved in 2015, but our house didn't close until 2016.  So, we  are able to claim the real estate fees, holding costs and other pieces of the sale against income in 2016.  All that is to say, we're looking at a combined refund of about $9,000.  This is fantastic news, because our line of credit debt is sitting at about the same.  It'll feel great to have that cleared off the table.  It'll just leave the Kia and the Mortgage as our only debts.

Related Posts:

  • 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
  • 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
  • Taxes are Complete & FiledPhew! That was one other thing I accomplished over the weekend.  I did my, Jordan's and my grandmother's taxes.  I've used QuickTax for the last several years and so love how easy it is.  You can use their Eas… Read More
  • Property TaxesUp until today, we have been going on the assumption that our property taxes would be about $2,000/year - this is based on what our builder had been telling as about property in the area - so our budget has reflected a monthl… 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

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