Tuesday, March 3, 2009
So...in the past few years, I've gotten used to getting like huge sums of money on my tax return. Basically if you're student or like really low income, the government loves you. Last year I got over $1000. This year..well not so much..about $150. At first I thought it was a mistake, but it's not. I did it online, and on paper, and it's right.
On my last tax return, I was able to get some benefit for people that made under $13, 000. I didn't even really know about that, cause when you do it online it just automatically claims any benefits/deductions for you, you don't really have to think about it. Well this year I made well over that, since I am now full time with a sort of half decent income, lol.
I also claimed a few months of rent on my last return, from before I moved in with my parents. I do pay my parents rent, but if I claimed that, then they would have to claim it as income on their return, which they don't want to do, so I just didn't claim it.
Since I made a deposit to an RSP account, I was able to put that on there, but I don't think it really made any difference, I only deposited $500.
So yeah..this is why I am getting less this year. It is making me reconsider my trip, because I was hoping to put a huge chunk of cash to my OSAP and get that paid off really soon. I'm not really sure what to do now. I think I am going to continue to put money aside for this trip, and I will make the decision in about 3-4 months if I'm going to do it. If I don't end up going on the trip, I might just use that money I had put aside to buy a car, or maybe just leave it there and save it for a trip next year. Who knows?? *sigh* I have some thinking to do...