Monday, 27 February 2012

Tax Time

This is part one of what I'm sure is going to be an on-going series.

Everyone gets to submit their own taxes over here - it's not just for the self-employed. I've got a copy of this year's tax form on the living room table, and it's 32 pages long, though admittedly a few of those are left blank for calculations. It does also include the provincial form, too - that's right, I need to submit not one, but two tax forms.

I say me; I'm going to be getting a professional to do it.

I don't think it's actually that complicated. At base, I've had the paperwork through from my job saying how much money I made and how much tax I paid, as well as something similar from the bank saying how much interest I've earned. All I really need to do is copy those numbers into the right places, and then follow the instructions to work out if I need to pay more, or if I'm owed money.

The main hitch is that I've still got money in the UK; I need to let the tax people here know how much tax income I've paid on that, and I may or may not be eligible for a refund on that. I've requested the appropriate paperwork from the UK, so once that arrives, I think I'm pretty much set for that.

(For what it's worth, I think I'm in for a fairly minor tax refund; my job had me paying income tax, but I didn't earn enough to put me over the limit where I have to pay income tax, so I think I can claim it back)

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