E&Y's Top 10 Tax Filing Tips - TranceAddict Forums

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-- E&Y's Top 10 Tax Filing Tips
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Posted by shanny on Mar-20-2006 21:33:

I took RJ's advice and used Quick Tax last night and this morning.

I really recommend it!
Really easy, and quick. Less that 40 mins and all finished.
And free!

Posted by Yohan on Mar-20-2006 22:05:

quote:
Originally posted by shanny
I took RJ's advice and used Quick Tax last night and this morning.

I really recommend it!
Really easy, and quick. Less that 40 mins and all finished.
And free!

And usually more accurate than doing by hand.(I got 400 more in refund than doing by hand)

Posted by disko-kandi on Mar-20-2006 22:18:

yaaayyy!! quick tax rules!! i just did my taxes in less than an hour & now i'm getting a nice big fat paycheque! thanks for the tip RJ!

Posted by naillil on Mar-21-2006 00:32:

Question

I want to claim my rent from living off campus during school. But I don't have a receipt from my landlord and can't get a hold of him (since i don't know his number and forgot his name - duh!)

Can I still claim that rent even without a receipt or paper work confirming I paid it???

Posted by rabbitjoker on Mar-21-2006 00:42:

Re: Question

quote:
Originally posted by ** TigerLily **
I want to claim my rent from living off campus during school. But I don't have a receipt from my landlord and can't get a hold of him (since i don't know his number and forgot his name - duh!)

Can I still claim that rent even without a receipt or paper work confirming I paid it???

One is not required to submit expense receipts with their taxes. One is required to have them on hand in case of an audit.

Posted by Jem_hadar on Mar-21-2006 00:49:

Re: Re: Question

quote:
Originally posted by rabbitjoker
One is not required to submit expense receipts with their taxes. One is required to have them on hand in case of an audit.

That depends.

If you paperfile, ie. mail in your return, you'd better send in those rent receipts, or I'll bet you have a 99% chance them requesting them... and then when you cant produce them, you'll lose out.

BUT - if you netfile, RJ's right, they dont demand them. They only chose a % of all netfiled returns to randomly request that the receipts and support be mailed in to them.

So I'd just make sure you netfile or efile your return Lillian. That's you safest bet of getting that rent claim!

Jem

Posted by rabbitjoker on Mar-21-2006 01:47:

Re: Re: Re: Question

quote:
Originally posted by Jem_hadar
That depends.

Thanks for clearing that up. Don't want to bugger around with CRA. Give them what they need and they'll leave you alone (usually).

Posted by Jem_hadar on Mar-21-2006 02:06:

Re: Re: Re: Re: Question

quote:
Originally posted by rabbitjoker
Don't want to bugger around with CRA. Give them what they need and they'll leave you alone (usually).

True - you dont wanna! They're interest and penalties are ridiculous.

And no buddy's worse than the Receive General office when it comes to GST!

HOLY SHIT! HEADACHE! I hate dealing w/ the Receiver General, ESPECIALLY re: GST!

So difficult. Such a pain. The GST system NEVER works smoothly - well, hardly EVER!

Jem

Posted by MarkT on Mar-21-2006 02:17:

a tax expert can correct me if I'm wrong, but rent paid is just a declaration on your tax return and AFAIK receipts need not even be included with your paper return.

but as mentioned...if you're ever audited, they could ask you to prove your expenses. So even if you don't have your landlord's contact info (you are supposed to put their name on the declaration though), you could prove your expenses in other ways (consistent pre-auth. cheque withdrawls on bank statements, cancelled cheques, etc).

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