EPT[Taxes] If there is a god.. - Page 2
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Grobyc
Canada18410 Posts
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Azzur
Australia6267 Posts
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infinity21
Canada6683 Posts
My advice would be to save as much of it as possible until you find a full time job but if you're living at home, you can afford to spend some of it  | ||
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Grobyc
Canada18410 Posts
On March 14 2012 11:57 Azzur wrote: Getting a tax return is nice, but if you really look at it objectively, it's not all roses. A tax return means that the tax office has "borrowed" that money interest free from you the entire year. Yep, I know. I wouldn't have known any better if I heard I was getting $28.00 back though, so I'm just glad it was more than I thought. On March 14 2012 11:59 infinity21 wrote: You gotta go snowboarding at least twice to get the hang of it FYI. My advice would be to save as much of it as possible until you find a full time job but if you're living at home, you can afford to spend some of it I figure I'll be falling plenty the first time, but hopefully I'll get the hang of it. I used to skateboard a little bit years and years ago, so I think my balance is okay. The plan is to save the majority of it for emergency money in case getting a job takes longer than expected, but I won't hesitate to use some of it either. I don't live at home, but I'm living in a place owned by my dad, so rent is relatively cheap. | ||
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JeeJee
Canada5652 Posts
On March 14 2012 11:57 Azzur wrote: Getting a tax return is nice, but if you really look at it objectively, it's not all roses. A tax return means that the tax office has "borrowed" that money interest free from you the entire year. Yeah, exactly. It's nice seeing unexpected money, but if you think about it another way, this could be the result of diligent saving! Certainly I can guarantee that if you're like most people, then these $2,800 would've found a way to disappear over the year if you paid the proper taxes. But since you "never had it", you don't really notice it missing. People spend what they make, that's just how it goes. This is why it's really important for most people to automate saving/deductions from their paycheque if possible for the illusion of making less money. Then you'd be in for a nice surprise at the end of the year when you check the account and go "whoa look at all that dough" without giving free money to the gov't in the process. That said, congrats! $2,800 is a nice sum, hopefully the actual number comes close (or even higher!) :D edit: random thought.. I wonder if this could be abused by companies. I recall negative yield bonds being sold in germany, which in essence means you're paying for the privilege of having the gov't hold your money. Couldn't they just pay millions more in taxes and claim a refund later? heh. I'll have to go ask a tax guy, this seems too simple | ||
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Kyuukyuu
Canada6263 Posts
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Gofarman
Canada648 Posts
DO NOT use the money on your student loans, you might think you are paying more interest in the long term but infact it will just make that juicy tax return larger every year as you get it all back. NOM NOM NOM NOM | ||
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Grobyc
Canada18410 Posts
On March 14 2012 13:06 Kyuukyuu wrote: Ugh, fucking N signs man. Sigh... I should probably just do that now. After he gave me the ticket he gave me a new N :S On March 14 2012 13:11 Gofarman wrote: ALL student loan interest is tax deductible. (EDIT- In Canada, assuming you went thru the normal student loan system) DO NOT use the money on your student loans, you might think you are paying more interest in the long term but infact it will just make that juicy tax return larger every year as you get it all back. NOM NOM NOM NOM ahahaha I never knew that actually. I'll have to make sure to include my pay statements for it in my next tax return, thanks. | ||
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LonelyIslands
Canada590 Posts
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Divinek
Canada4045 Posts
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infinity21
Canada6683 Posts
On March 14 2012 12:07 Grobyc wrote: Yep, I know. I wouldn't have known any better if I heard I was getting $28.00 back though, so I'm just glad it was more than I thought. I figure I'll be falling plenty the first time, but hopefully I'll get the hang of it. I used to skateboard a little bit years and years ago, so I think my balance is okay. The plan is to save the majority of it for emergency money in case getting a job takes longer than expected, but I won't hesitate to use some of it either. I don't live at home, but I'm living in a place owned by my dad, so rent is relatively cheap. In my experience, people usually need to sleep on it overnight to figure it out but maybe you're more gifted or have a better teacher. Regardless, I promise you'll be falling a lot.  Learning to snowboard is basically learning how to balance but I think it requires slightly different skill sets compared to skiing or skate boarding. You'll probably learn what I mean when you go. I should be getting a couple of grand for my tax return as well but it's all going to my tuition/living expenses lol | ||
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