Sunday, March 1, 2020

Taxes Done!

It was a little trying but I got it done yesterday. The medical expenses were a pain to sort and organize but they do give me a sizable deduction. Norma's estate owes nothing as she only had income for three months in 2019. I was unable to take advantage of income splitting so had to take on the whole bite of my taxes by myself. I have to pay $2,100 over and above what has already been deducted. Still, all in all, better than last year.

However, it does not have to be paid until the end of April so I will sit on it until then. I am forced to take a sizable Registered Retirement Income Fund (RRIF) payment in mid April so my Income tax and property tax payments will come out of this. My pre-planning is paying off.

Life Is Good!

1 comment:

  1. You are definitely making us jealous as we still wait for some of our Tax Papers to arrive.
    Be Safe and Enjoy!

    It's about time.