Tuesday, February 18, 2014
With tax season starting, I'd like to give you the chance to win two regular income tax preparations and filings!
Although I live in Peterborough, Ontario, you can still win and use these gift certificates if you live in Ontario and are willing to send me scans of your documents. I can then send you your finished return by pdf.
Or... you are welcome to pass along the gift certificates to someone else.
Enter via the Rafflecopter application below.
a Rafflecopter giveaway
Sunday, February 2, 2014
She LOVED it. She loved having the independence of doing it on her own.
In order to do this without having to find the correct amount of change every morning, I bought her a monthly bus pass for the month of July. I had hoped that I would have time to teach her how to get to the library as well, but unfortunately I didn't have have a chance to teach her this route.
As a result of buying the bus pass, I can now claim that expense as a deduction on my taxes this year.
Does anyone in your household take the bus, train or ferry to work or school on a regular basis?
You can claim a deduction on your income tax for Public Transit Amount (line 364 on your income tax return) if you have any of :
1) a monthly pass
2) a series of shorter passes that show that you took public transportation for at least 20 days in any 28 day period
3) an electronic payment card (like Presto) used for at least 32 one way trips in any 31 day period
The passes can be for yourself, spouse or kids under 19 years of age.
Does your teen buy passes to get to their part time job? Do you take the GO Train to work? Remember to keep your receipts to claim this fabulous deduction!
Saturday, February 1, 2014
It's February 1st, and tax season officially begins this month. Canada revenue agency (CRA), will officially start processing income tax returns on February 10.
I'm going to post some income tax tips here over the next month that I hope will help you in either doing your own taxes, or in gathering your info to pass on to your tax preparer.
I love tax season! I've been spending the last couple weeks getting prepared for the season... I've purchased my software, stocked up on office supplies, and signed up for a seminar put on by CRA specifically for professional income tax preparers. I decided to stay with the software I've been using for the last couple years, although I was tempted by a piece of new software on the market. Professional preparers have a different selection of software than what you will find in the shelf at Staples, and it's much more expensive!
Do you have any specific questions you would like answered in my posts over the next month? Let me know!
Monday, December 16, 2013
When we bought the mattress, I was really happy to have been able to purchase a product from a Canadian manufacturer. At that point in our marriage, it was probably the third most expensive item we had purchased. Only our car and couch had cost more. It wasn't a purchase we took lightly.
I had a vague recollection of our mattress having a 10 year warranty, so I looked through my filing cabinet to find the information. Yes, we did. A 10 year warranty on manufacturer defects, and we were still within that time frame at 9 1/2 years in. The warranty stated that they would repair or replace.
I contacted the store where we purchased the mattress from, and they were great to deal with. They provided me with the warranty claim forms, as well as an email address for the representative of the mattress company that they deal with.
I had everything that the warranty said I needed. These included:
Original receipt of purchase.
Correct frame type for bed.
Manufacturing labels still attached to mattress.
Proper rotation of mattress through period owned.
I had purchased both mattress and boxspring together. If the mattress was purchased on its own, the warranty timeline is cut in half.
I filled out the claim form, attached digital pictures of the damage and sent it along to the email address I was given.
Within a couple days, I had a phone call from the representative. Yes, the pictures showed that a coil had probably come loose, and yes, they would pay for it to be repaired.
But only if *I* paid for shipping of the mattress to their manufacturing centre near the Toronto airport.
WHAT? Yes, it is in the small print of the warranty that the customer must pay for the shipping, no matter where they live. Ridiculous.
So really, if the customer has to pay for the shipping on a mega sized item like a mattress, what use is the warranty in the first place.
As much as I would like to support Canadian manufacturing companies, when it's time to purchase a new mattress set, I unfortunately won't be purchasing from this Canadian company. I'm not sure if I should just consider a mattress/boxspring purchase to basically not have a valid warranty due to this experience, or if I should research the warranty info on other manufacturers.
Have any of my readers had any experience, good or bad, with mattress warranties?
Edited to add that I am contributing this post to: *Part of Financially Savvy Saturdays on Femme Frugality and Eve of Reduction
Friday, December 13, 2013
In July, I had won a total of $940 worth of prizes.
2013 Winnings (2nd Half of Year)Google Nexus 7 Tablet x 2 (both my husband & I won one) Kitkat Contest Value $450
Google Play Codes from Kitkat Contest Value $30
$100 VISA Giftcard from Royal Bank Small Biz Twitter chat Value $100
$100 Giftcard to Glamagirls from Tweenhood Value $100
2 Books Muse & Secret Shared from @BookaliciousCA Value $30
$10 iTunes Giftcard from @PTPA Value $10
2nd Half of Year Total: $710
Total for 2013: $1650
Monday, November 18, 2013
If you havn't claimed charitable donations on your or your spouse's income tax return in the last 5 years, you qualify for the First Time Donor's Super Credit (FDSC). You are able to claim this credit once, anytime between 2013 and 2017.
This is a great time to be generous! It would mean a big difference to whatever charity you decide to contribute to, and in the end, it won't cost you as much as you are actually donating, since you'll get a credit for it when doing your taxes! This is, of course, assuming that you have taxable income to claim it against.
Remember it can only be claimed once though, so it might be worth your while to save your receipts until they reach the maximum of $1000. Charitable donations receipts can be saved for up to 5 years, so even if you donate $200/year for the next 5 years, you could claim all $1000 in 2017.
The credit is only valid for monetary donations.
Tuesday, October 22, 2013
Here's a great deal that I just encountered. This is not a sponsored post, just me sharing a great deal!
Quickbooks is offering one year free of Quickbooks online for Canadian startup companies! How great is that! Good deal for you, and if you like it, and continue using it, it's a good deal for them too.
Take a look into the details yourself with the link below. Enjoy!
Free Quickbooks Online for Canadian Startups.