tag:blogger.com,1999:blog-238197560535024815.post1314885677233750374..comments2023-10-31T05:11:53.443-07:00Comments on Brown Eyed Girl and Money: Tax RefundEsmehttp://www.blogger.com/profile/08247120027986055381noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-238197560535024815.post-58358246774225618612008-04-16T08:13:00.000-07:002008-04-16T08:13:00.000-07:00Good point, anonymous.Good point, anonymous.Esmehttps://www.blogger.com/profile/08247120027986055381noreply@blogger.comtag:blogger.com,1999:blog-238197560535024815.post-33742889127664556242008-04-16T05:03:00.000-07:002008-04-16T05:03:00.000-07:00$700 means at 3% interest you lost $21 because you...$700 means at 3% interest you lost $21 because you gave the government an interest free loan. If you max out your RRSP's every year you should adjust your base tax exemption amount by 18%. <BR/><BR/>The goal is at the end of year to owe the government -$2. The government does not collect a tax difference of 2 dollars.<BR/><BR/>Even if your calculations are off (ie you made money on the market) and have to pay. You are still better off. You just got an interest free loan from the government. You can be owe the government taxes for a couple of years only. After this they will ask you to pre pay an estimated amount quarterly. <BR/><BR/>But no matter how you slice it you are better off.....Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-238197560535024815.post-86359918590808438682008-04-15T19:27:00.000-07:002008-04-15T19:27:00.000-07:00Oh $700 is a really nice amount :-)Oh $700 is a really nice amount :-)Canadian Saverhttps://www.blogger.com/profile/18335109256687297543noreply@blogger.com