queerasmoi wrote:So should I try it on a T1213 and see if they approve it?
queerasmoi wrote:Also there's no separate provincial form, but I have about $17K in provincial credits versus about $26K in federal credits. Should I put the higher federal number on this federal form, or the lower provincial number to be conservative?
adrian2 wrote:queerasmoi wrote:So should I try it on a T1213 and see if they approve it?
I'd say, yes -- what have you got to lose?queerasmoi wrote:Also there's no separate provincial form, but I have about $17K in provincial credits versus about $26K in federal credits. Should I put the higher federal number on this federal form, or the lower provincial number to be conservative?
I'd enter the higher number, which is the true federal one. Just be prepared to pony up the provincial difference from an interest free loan next April.
queerasmoi wrote:Since handing in the new TD1, today is my first paycheque under the revised calculation. My tax withholding has gone from 12.8% down to 1-2%. What a difference!
It's nice that all those education tax credits are finally paying off. Although it does occur to me - I had the privilege of a debt-free education and a fully-funded graduate school program. For those students who grapple with a high debt load, is it really helpful to endow them with non-refundable tax credits that they can't exercise until they finally make enough money to pay tax? Wouldn't they benefit more from those credits being refundable so they can get the assistance when they need it more?
(Yes, I realize that many students just transfer the credits up to their parents. But that just means that students whose parents *aren't* helping pay for their education will have to wait longer for anyone to benefit from these credits.)
queerasmoi wrote:As MALDI and I know well from our in-person friendship, we don't agree on much in the way of worldview. But I can get on board with his idea that the education credits be applicable directly against government student loans, perhaps even at a bonus rate.
erik.lee wrote:Hi Guys,
I am from Malaysia (ASIA) and have been trading online on US Stock Markets for about a year. So far I managed to skip from any Tax for each Stock Transactions (as I had dclared in W8BEN Form) but I realised there is no way for me to take further advantage on Dividend/Cash payouts from stock holdings.
I am just wondering if CANADA, UK, etc would be providing much better comforts for Foreign Investor like me to minimise/eliminate the taxes before I moved from my current US Online Broker to elsewhere.
queerasmoi wrote: There are agreements between countries for a reason.
blackball wrote:I filled the form out when I started out with my current company. 5 years later and payroll is still assuming I'm deducting the same amount each year (which I am and a bit more) so I end up with only a small refund. Glad my payroll department is so lax cuz it saves me from filling out the form every year
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