Comments on: Stop giving the government an interest free loan (T1213) http://www.squawkfox.com/2008/01/29/stop-giving-the-government-an-interest-free-loan-t1213/ Where personal finance & frugal living are sexy, delicious, and fun. Thu, 09 Feb 2012 02:20:34 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: 5 Tips for Stuffing Your Savings http://www.squawkfox.com/2008/01/29/stop-giving-the-government-an-interest-free-loan-t1213/comment-page-1/#comment-369566 5 Tips for Stuffing Your Savings Wed, 30 Nov 2011 03:34:40 +0000 http://www.squawkfox.com/2008/01/29/stop-giving-the-government-an-interest-free-loan-t1213/#comment-369566 [...] life, but the reality is that you should aim to break even at tax time. You are essentially providing the government with an interest free loan when you pay too much in taxes each year. It is advisable to adjust your withholdings accordingly [...] [...] life, but the reality is that you should aim to break even at tax time. You are essentially providing the government with an interest free loan when you pay too much in taxes each year. It is advisable to adjust your withholdings accordingly [...]

]]> By: Steve http://www.squawkfox.com/2008/01/29/stop-giving-the-government-an-interest-free-loan-t1213/comment-page-1/#comment-78426 Steve Wed, 02 Mar 2011 00:10:05 +0000 http://www.squawkfox.com/2008/01/29/stop-giving-the-government-an-interest-free-loan-t1213/#comment-78426 Do you get a tax bill at the end of the year? Or do they just take what they need and leave it at that? Do you get a tax bill at the end of the year? Or do they just take what they need and leave it at that?

]]> By: Jill Mann http://www.squawkfox.com/2008/01/29/stop-giving-the-government-an-interest-free-loan-t1213/comment-page-1/#comment-23136 Jill Mann Tue, 10 Nov 2009 02:31:57 +0000 http://www.squawkfox.com/2008/01/29/stop-giving-the-government-an-interest-free-loan-t1213/#comment-23136 My husband always said to pay as little taxes as you can during the year and always pay them on time. We pay the government only what we have to and at the end of the year we always owe some amount of money. My husband always said to pay as little taxes as you can during the year and always pay them on time. We pay the government only what we have to and at the end of the year we always owe some amount of money.

]]> By: How to Live in Canada http://www.squawkfox.com/2008/01/29/stop-giving-the-government-an-interest-free-loan-t1213/comment-page-1/#comment-8914 How to Live in Canada Thu, 05 Feb 2009 20:03:30 +0000 http://www.squawkfox.com/2008/01/29/stop-giving-the-government-an-interest-free-loan-t1213/#comment-8914 That's great! I've downloaded the form and I am in the process of sending to CRA. Thanks! That’s great! I’ve downloaded the form and I am in the process of sending to CRA.

Thanks!

]]> By: Saver Queen » Blog Archive » Give monthly & save http://www.squawkfox.com/2008/01/29/stop-giving-the-government-an-interest-free-loan-t1213/comment-page-1/#comment-8850 Saver Queen » Blog Archive » Give monthly & save Wed, 04 Feb 2009 19:41:04 +0000 http://www.squawkfox.com/2008/01/29/stop-giving-the-government-an-interest-free-loan-t1213/#comment-8850 [...] amount of income tax off your paycheque every month, instead of waiting all year for your refund.  Squawkfox gives step-by-step instructions on how to use this form (it’s easy) and also shows just how [...] [...] amount of income tax off your paycheque every month, instead of waiting all year for your refund.  Squawkfox gives step-by-step instructions on how to use this form (it’s easy) and also shows just how [...]

]]> By: Felix http://www.squawkfox.com/2008/01/29/stop-giving-the-government-an-interest-free-loan-t1213/comment-page-1/#comment-1925 Felix Fri, 18 Jul 2008 14:15:39 +0000 http://www.squawkfox.com/2008/01/29/stop-giving-the-government-an-interest-free-loan-t1213/#comment-1925 It's almost end of july and I want to submit a T1213 form for the rest of 2008. How long does it take for them to process usually if I just drop it off at the tax center? Is it possible for me to: 1) Submit the T1213 with proof that i contributed one huge lump sum of money (Initial RRSP account opening) using EFT transfers (maxing out my RRSP deduction limit for 2008) to a RRSP account this month (July) and they'll figure out how to deduct taxes from each paycheque for the rest of the year and/or 2) Use EFT from my Bank to the RRSP Account and have some sort of print out / proof of that to show I am contributing regularly (monthly or whatever) Thanks It’s almost end of july and I want to submit a T1213 form for the rest of 2008. How long does it take for them to process usually if I just drop it off at the tax center?

Is it possible for me to:

1) Submit the T1213 with proof that i contributed one huge lump sum of money (Initial RRSP account opening) using EFT transfers (maxing out my RRSP deduction limit for 2008) to a RRSP account this month (July) and they’ll figure out how to deduct taxes from each paycheque for the rest of the year

and/or

2) Use EFT from my Bank to the RRSP Account and have some sort of print out / proof of that to show I am contributing regularly (monthly or whatever)

Thanks

]]> By: Kerry http://www.squawkfox.com/2008/01/29/stop-giving-the-government-an-interest-free-loan-t1213/comment-page-1/#comment-1195 Kerry Fri, 30 May 2008 20:27:02 +0000 http://www.squawkfox.com/2008/01/29/stop-giving-the-government-an-interest-free-loan-t1213/#comment-1195 @Derek I wrote this post due to the endless blank stares my friends would give me. I've used form T1213 now for 3 years to great success. Thanks for the email as well. :) @Derek I wrote this post due to the endless blank stares my friends would give me. I’ve used form T1213 now for 3 years to great success. Thanks for the email as well. :)

]]> By: Derek http://www.squawkfox.com/2008/01/29/stop-giving-the-government-an-interest-free-loan-t1213/comment-page-1/#comment-1194 Derek Fri, 30 May 2008 20:19:45 +0000 http://www.squawkfox.com/2008/01/29/stop-giving-the-government-an-interest-free-loan-t1213/#comment-1194 This is a great post. I told friends about this (i have done the RRSP at source for a few years) and they stare at me blankly? Why should the government get a free loan? Do they offer this to us? DH This is a great post. I told friends about this (i have done the RRSP at source for a few years) and they stare at me blankly?

Why should the government get a free loan? Do they offer this to us?

DH

]]> By: Here’s Your Team for The Superbowl of Personal Finance! (Carnival #138) | I've Paid For This Twice Already... http://www.squawkfox.com/2008/01/29/stop-giving-the-government-an-interest-free-loan-t1213/comment-page-1/#comment-29 Here’s Your Team for The Superbowl of Personal Finance! (Carnival #138) | I've Paid For This Twice Already... Mon, 04 Feb 2008 10:43:10 +0000 http://www.squawkfox.com/2008/01/29/stop-giving-the-government-an-interest-free-loan-t1213/#comment-29 [...] tells us Stop Giving The Government an Interest-Free Loan! Adjust your withholding. A big tax refund is basically a loan for a year the government [...] [...] tells us Stop Giving The Government an Interest-Free Loan! Adjust your withholding. A big tax refund is basically a loan for a year the government [...]

]]> By: Thomas http://www.squawkfox.com/2008/01/29/stop-giving-the-government-an-interest-free-loan-t1213/comment-page-1/#comment-24 Thomas Wed, 30 Jan 2008 20:14:52 +0000 http://www.squawkfox.com/2008/01/29/stop-giving-the-government-an-interest-free-loan-t1213/#comment-24 Good tip! Thanks! Good tip! Thanks!

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