Ok, I know I’m a bit late jumping on the bandwagon, I’m sure that most of the Personal Financer keeners out there have already finished.
It’s not that I didn’t want to get them done earlier, I was going through all my e-mails and PDF-ing all my charitable tax receipts in January! Of course, life happens and I got carried away with working, taking my course, training for my half marathon, volunteering and doing only non-work when I get the chance. But, I was able to set aside a few hours today, and complete my taxes.
Hooray! High five! Happy dance! cha-cha-cha!
I know it’s super old school, but I prefer to do my taxes by hand. Even though it’s faster online, and I get my refund back earlier. I like doing them by hand, first. I like laying out the pink forms (Provincial) and the blue forms (Federal) and going through them, and double checking them. I like having the forms around me, it just makes me feel safer.
I did attempt to use UFile today. I got a little scared away by the many tabs.
How do I know if I filled out all the right forms? Are they sure they didn’t miss anything? Hmmm…
So I went out and got my Income Tax Package and started filling them out by hand. I don’t have a very complicated tax procedure – just my income and my RRSP contributions.
(Note: I may or may not complete them online as well and compare the results with my by-hand taxes just to get the refund faster.)
I have been doing my taxes since I was old enough to work (of course, my dad always checked it over), so I’ve done it for when I was in university, as well. When I was little, one of the reasons I couldn’t go out on a weekend was because I had to do my taxes! LOL!
One of the things I miss most about being in school is the lack of taxes that needs to be paid! Even though I was poor, and All-You-Can-Eat Sushi was considered dining well, as least, I could write off my text books and not pay taxes on the money I earned during my internships! 😉
Yes, I know, I am a working woman now, and officially a “grown up” but I still feel so sad when I see 25% of my paycheck deducted each time for taxes. I paid more than $8,000 in taxes last year! Isn’t that crazy?! I know there are a lot of people who pay a lot more than me, and I feel their pain.
According to my first draft at filing my return, I should be getting a pretty hefty refund – thanks to my RRSP contributions and my federal tuition claim that was carried over from last year (wow, I can still enjoy the benefits of my student life even after 2 years of being out of school!). Now, I just need to double check my provincial tuition carry-over from last year. Maybe that will score me a netbook … I mean, a few hundred bucks 😉
How are your taxes coming along? Have you finished filing them? Do you file them online or via paper? Or do you prefer to have an accountant do them for you?