Thanks again Mr. Harper...........................
- Thread starter DaSleeper
- Start date
The life I have few complaints about. It could be MUCH worse. Benefits and stereotypes are a different package....
For pension Income splitting for seniors....................
Good refund again this year
all the T4A's and such are slowly trickling in. We shall see. Last year, I owed, but then they gave it back in June. Go figure. Maybe they'll want it back again. It's not just old age that makes for sleepless nights.
Sex has nothing to do with it either......................well.................
Yup the RRSP T4's are always the last to come in yesterday CPP, OAS and company pension slips were in weeks ago....but anyways you can't e-file before Feb. 15th anyways...... I think?
Been using the program by Inuit..(They call it Turbo Tax now), for over 17 years.
It got even easier to efile.....They just ask you to verify the S.I.N. and date of birth they have on file and Voila...
I verified the CRA web site this morning, and my tax forms had been recieved
Well, like any tax break, it lowers the amount of revenue that the government takes in, so it does have to come out of somebody's budget.
Sure the government doesn't get the revenue but since no particular department is "operating a program", stuff like this gets overlooked when it comes time to cut. I'm sure I've posted a video here on this matter. There is something like 100 billion dollars in tax credits handed out every year and nobody is checking to see if the goals of these credits are being met (if they even have goals attached to them). If, instead of a tax credit, they offered assistance to those seniors that needed it, we could at least target money where it was needed. I spoke out against the firefighter tax credit for much the same reason. I wasn't too popular amongst some firefighters but some people can't see past their own wants and needs.
I'm not sure what couples those would be, the wife and I have benefitted by about $2000 a year for several years and we are just in a very modest income bracket, so we sure as hell ain't complaining!
Income splitting aids wealthiest families most, says study
"This is guaranteed to provide the wealthiest families with the biggest benefit and the poorest families with the least benefit, "said Macdonald in a phone interview. "One in 10 of the top 10 per cent of families are going to get a $5,000 cheque."
Macdonald, who says his study used the most recent Statistics Canada tax-modelling software, concluded that income splitting benefits sole-earner families the most.
Lower-income families, however, cannot afford to have one partner drop out of the workplace in order to take advantage of income-splitting. "The people who can most take advantage of these programs are the people who least need support in the first place," he said.
Income splitting aids wealthiest families most, says study
"This is guaranteed to provide the wealthiest families with the biggest benefit and the poorest families with the least benefit, "said Macdonald in a phone interview. "One in 10 of the top 10 per cent of families are going to get a $5,000 cheque."
Macdonald, who says his study used the most recent Statistics Canada tax-modelling software, concluded that income splitting benefits sole-earner families the most.
Lower-income families, however, cannot afford to have one partner drop out of the workplace in order to take advantage of income-splitting. "The people who can most take advantage of these programs are the people who least need support in the first place," he said.
Income splitting aids wealthiest families most, says study
Farm vehicle and CO-OP cardlock. What a Godsend. And CO-OP pays a dividend of around 7 cents a litre.
Walter 'I don't want gubmint intervention' Rand.
Preaching free market and liberty, except when he's getting the handout.
Doesn't jive with the populist manifesto does it?
I keep telling him he's a Socialist but it hasn't sunk in yet.
And that goes for anybody who is cheering in this thread.
And that goes for anybody who is cheering in this thread.
Is it actually aiding the wealthiest families or is it just returning their own money? Perhaps there should be a limit on how much one family should have to subsidize the gov't. I'm definitely in favour of the old concept of user pays, but should they pay for more than they use just because they are wealthy? Of course the poorest families aren't going to benefit as much as the rich as many of them don't pay much income tax in the first place.
People balk at income splitting for pension income, when only one of the couple is receiving work pension income, but say nothing about dependant children deductions, travel expense deductions, higher education deductions, etc. etc.
Bunch of hypocrites......
Another bit of malarkey.. The law that was proposed for income splitting among couples would benefit mostly couples where only one partner works, or one make a lot more than the other and not high income couples where both make a lot of money.
Albeit it would help a man making a hundred or two hundred thousands with a stay at home wife
I would be all for it if there was a cap on the income that can be split..
I gain a little more than you JLM because my wife's only income is about $50 a month CPP and a small RIF that we cash once a year for holidays and toys:wink: