Monday, March 14, 2011


Ok so it's that time of year again and once again things are not making sense. Last year, I ended up owing like $50 on my taxes. It was the first time I ever owed and I was pissed! But then I tried to think more positively, at least it was only $50 right? I guess my work was not taking off enough tax. Because I even contributed to RRSP's...when you do it online you can easily plug in numbers to see how things would change. So I found out I would of owed well over $200 dollars, and my RRSP contributions is what saved my ass. So after this, I filled out a form at work asking them to take off $15 extra tax per pay. Not a huge deal, but I figured that and my RRSPs should cover things.

Not the case. I did my taxes for this year and it says I am getting $27. What the heck is going on? lol here is the details.

- I did make an extra few hundred bucks working at another store and they didn't take off tax. This doesn't make much of a difference, I even took out that info from my tax return to see how much more of a refund I would get and it wasn't much. Ok so thats not it.

- I contributed $1125 to RRSPs. Ok so it's not a lot but it's something.

If I didn't have those RRSP's, I would, once again be owing over $200. So that means that even with the EXTRA tax taken off, they STILL didn't take off enough tax. I don't get it. I mean, isn't that admins job to make sure this is being done right? I have talked to other people from my old job and some say they have this problem too and others say they never have.

I just don't get it. I mean I'm still happy that I don't owe...but I still am going to have to pay for doing it online so after that maybe I will get $10?

I haven't started RRSPs with the new job yet, but I am going to ask in payroll about it this week. They also have a stock purchasing program as well that I might sign up for. I know this new job takes the right amount of tax off though, because I use an online payroll deduction calculator (it's government site I think) and it's always exactly right to the cent! So hopefully with this new job taking off the proper amount, and if I start RRSP's again asap, then next year I should get at least something decent. I can only cross my fingers.


The Asian Pear said...

Sounds like your workplace's payroll isn't deducting the amounts correctly at all...

Dolly Iris said...

Yeah, I worry about this at work. It seems that it doesnt look like they are taking enough taxes off. Plus, I asked them to take an additional $15 per cheque but I really dont think thats happening. I have plans to check up on this Thursday at work.
Really if you are being paid to do payroll please dont screw it up, lol.

hklover86 said...

Dolly thats exactly how I feel!! LOL
I asked them to take off an extra $15 each time as well but I guess they didn't! Atleast I don't have to worry about this at my new job.