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Income tax
by prawnstar Mon 26 Feb 2018, 12:00 pm
I just got my electronic T4As from VAC. They do not show any tax deductions. It shows box 127 amount and that's it. Is there more T4As to come for taxables like ELB?
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Re: Income tax
by Trooper Mon 26 Feb 2018, 7:14 pm
prawnstar wrote:I just got my electronic T4As from VAC. They do not show any tax deductions. It shows box 127 amount and that's it. Is there more T4As to come for taxables like ELB?
Must be another one coming prawnstar, if they deducted tax it's suppose to show on your T4's.
I'm told that T4's from VAC normally arrive during the first Week of March.
Others may be able to shed more light on this.
On another note today marks the first day of NETFILE for 2018, for those preparing and sending their returns electronically.
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Re: Income tax
by pinger Mon 26 Feb 2018, 9:29 pm
Hi prawnstar,
My last years T4A paper version shows my income tax deducted in the top right Line/Box 437 as it always has.
It included everything including ELB.
Perhaps the electronic one is different. IDK.
My last years T4A paper version shows my income tax deducted in the top right Line/Box 437 as it always has.
It included everything including ELB.
Perhaps the electronic one is different. IDK.
Last edited by pinger on Mon 26 Feb 2018, 9:31 pm; edited 1 time in total (Reason for editing : An addition)
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Re: Income tax
by prawnstar Tue 27 Feb 2018, 11:07 am
Thanks Pinger I'll wait and see what the paper says.
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Re: Income tax
by Nemo Wed 28 Feb 2018, 2:21 am
And remember everyone, you can use s free software approved by the feds called studiotax. I have used it for years.
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Re: Income tax
by Trooper Wed 28 Feb 2018, 7:10 am
Nemo wrote:And remember everyone, you can use s free software approved by the feds called studiotax. I have used it for years.
I too use Studio Tax Nemo. http://www.studiotax.com/en/
I think it's great, it's easy to use and it has the Wizard to go back and forth between steps while filling out the info for your return.
It also has a place for contributions, and medical expenses.
If you know what your income is for each income source along with the amount of tax deducted you can complete your return, save it, and once you get the date for NEFILE, simply open your return and click on NEFILE, follow a few simple steps, and your done. You will get a confirmation number, and you can log into my CRA account, and it will show as received, your account info should give you the date of direct deposit, usually it takes 5 to 8 business days before it is deposited into your bank account.
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