Wednesday, April 30, 2014

Taxes Done

I called TurboTax regarding our missing tax program and spoke to a nice semi English speaking gentleman in India who finally understood the problem and offered to send me a download link for a new copy of the program. This conversation took well over a half hour. He then had to call his supervisor to authorize sending me the code to open the program. While I was waiting on hold I looked through a pile of mail Norma had set aside as obvious junk mail and lo and behold, there was the Turbo Tax program! I waited for the gentleman in India to come back on the line and tried to explain to him that I had found the original program but he kept insisting that what I had found was the email with the download and code he had just sent. We were getting nowhere so I thanked him and hung up.

I collected all our tax related documents and started entering numbers. I then went to my Quicken program and got all our medical deductions including what we spent on travel medical insurance and the glasses I bought in Mexico. We end up paying just under $5,000 ($2,400 more than was already deducted at source) between the two of us after taking advantage of the income splitting Canada offers. Quite a bit for a couple of old pensioners.

8 comments:

  1. The flip side of paying taxes is making money. But does that make you feel any better when you're writing that cheque? Didn't think so. We're getting some money back, but that just means we sent in our check early.

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    1. You are right Rod, it does not make me feel any better. I just wish I had all that money we "made" in my hand. I love Turbotax, it reminded me to split our incomes and saved me $700!

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    2. Agreed. We use it as well, and are quite happy with it.

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  2. Wow, thats a hefty sum. We don't make any money so we pay no taxes, We kinda like it that way.

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    1. We have very little deducted at source and do not have all that many deductions. Death and taxes.....

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  3. I'm "too young" for any income splitting just yet, so that's a bit of a pain. We've had some big numbers floating around the last two years, and an accounting firm will be sorting out our taxes for this year and next. And then we're on our own. It has to do with that "ex-pat" thing. Too flippin' complicated, so the Company hires a firm.
    It won't be a happy day when we have to cut a cheque for the revenuers, but that's the way she goes.

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  4. Thanks Randle for the jar on the Medical Travel Premiums. I sent in an adjustment request.... never occurred to me to claim it. For - Bob, never, "Too Young" for income splitting. If (Canada) pension income, then age does not matter to split it.

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    1. I have claimed it for years with no problem.

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