major-mark63 Posted March 13, 2021 Member ID: 23233 Group: *** Clan Members Followers: 21 Topic Count: 43 Topics Per Day: 0.01 Content Count: 2409 Content Per Day: 0.77 Reputation: 1893 Achievement Points: 19039 Solved Content: 0 Days Won: 7 Joined: 09/10/15 Status: Offline Last Seen: 10 hours ago Birthday: 08/11/1963 Device: Windows Share Posted March 13, 2021 March-april is income tax report in my province . Lot of poeple who got the Covid help money called CERB(canadian emergency response benefit) will have a surprise when doing thier tax reports. This benefit is added to your 2020 earnings . and they gonna have to pay around 30 to 40 % of ncome taxes on it. Hope they didint spent it all...¸OOOUUUCCCHHH 7Toes, rexbowan and Merlin007 2 1 Link to comment Share on other sites More sharing options... Awards
Hunter1948 Posted March 13, 2021 Member ID: 1850 Group: ***- Inactive Clan Members Followers: 98 Topic Count: 328 Topics Per Day: 0.07 Content Count: 8620 Content Per Day: 1.74 Reputation: 4222 Achievement Points: 55994 Solved Content: 0 Days Won: 5 Joined: 09/29/10 Status: Offline Last Seen: November 29, 2023 Birthday: 06/19/1948 Device: Windows Share Posted March 13, 2021 We told people to save some of it because it's taxable and if you received it and your weren't entitled you have to pay it all back. major-mark63, BlackRose and 7Toes 2 1 Link to comment Share on other sites More sharing options... Awards
ViPRZ Posted March 13, 2021 Member ID: 2978 Group: *** Clan Members Followers: 35 Topic Count: 34 Topics Per Day: 0.01 Content Count: 1656 Content Per Day: 0.36 Reputation: 1106 Achievement Points: 26102 Solved Content: 0 Days Won: 1 Joined: 11/11/11 Status: Offline Last Seen: Yesterday at 03:12 AM Birthday: 09/23/1970 Device: Windows Share Posted March 13, 2021 Yup..that $2000 per month came in handy. We were told at the very beginning to save some to pay taxes. It saved a lot of people and families. But anyone not stupid enough to put some aside must not have been paying attention. There is no such thing as free money. But they really didn't HAVE to give us anything at all. So I really appreciated it major-mark63, Merlin007, 7Toes and 2 others 5 Link to comment Share on other sites More sharing options... Awards
Merlin007 Posted March 13, 2021 Member ID: 2068 Group: +++ COD5 Head Admin Followers: 69 Topic Count: 1071 Topics Per Day: 0.22 Content Count: 8424 Content Per Day: 1.73 Reputation: 7283 Achievement Points: 74823 Solved Content: 0 Days Won: 64 Joined: 12/25/10 Status: Offline Last Seen: 3 hours ago Birthday: 05/23/1973 Device: Windows Share Posted March 13, 2021 8 hours ago, Hunter1948 said: We told people to save some of it because it's taxable and if you received it and your weren't entitled you have to pay it all back. People don't have to repay it but they will have to pay tax on it. They changed their stance since the rules were not very clear. I know people who got several thousand and get to keep it, just have to pay tax on it. It's not right but that seems the way that it's going. BlackRose, 7Toes and major-mark63 1 2 Link to comment Share on other sites More sharing options... Awards
rexbowan Posted March 13, 2021 Member ID: 27522 Group: *** Clan Members Followers: 13 Topic Count: 7 Topics Per Day: 0.00 Content Count: 1896 Content Per Day: 0.99 Reputation: 1547 Achievement Points: 13277 Solved Content: 0 Days Won: 11 Joined: 01/25/19 Status: Offline Last Seen: Sunday at 06:02 PM Birthday: 07/22/1951 Device: Windows Share Posted March 13, 2021 Nothing is ever free, it's taxpayer money to start with. 7Toes and TBB 2 Link to comment Share on other sites More sharing options... Awards
KaptCrunch Posted March 13, 2021 Member ID: 389 Group: *** Clan Members Followers: 45 Topic Count: 294 Topics Per Day: 0.06 Content Count: 4452 Content Per Day: 0.84 Reputation: 3614 Achievement Points: 36393 Solved Content: 0 Days Won: 39 Joined: 09/14/09 Status: Offline Last Seen: 12 hours ago Birthday: 01/01/1970 Device: Windows Share Posted March 13, 2021 8 hours ago, ViPRZ said: Yup..that $2000 per month came in handy. We were told at the very beginning to save some to pay taxes. It saved a lot of people and families. But anyone not stupid enough to put some aside must not have been paying attention. There is no such thing as free money. But they really didn't HAVE to give us anything at all. So I really appreciated it We’ve got your back come on the PM has your back LoL same with your south neighbours 7Toes 1 Link to comment Share on other sites More sharing options... Awards
KaptCrunch Posted March 13, 2021 Member ID: 389 Group: *** Clan Members Followers: 45 Topic Count: 294 Topics Per Day: 0.06 Content Count: 4452 Content Per Day: 0.84 Reputation: 3614 Achievement Points: 36393 Solved Content: 0 Days Won: 39 Joined: 09/14/09 Status: Offline Last Seen: 12 hours ago Birthday: 01/01/1970 Device: Windows Share Posted March 13, 2021 (edited) 45 minutes ago, rexbowan said: Nothing is ever free, it's taxpayer money to start with. wrong its bankers/ politicians who got us in bondage to it note this legal tender is dead in Canada Quote The Bank of Canada says the legal tender status will be removed from the $1, $2, $25, $500 and $1,000 bank notes as of Jan. 1, 2021. "Essentially, this means that Canadians may no longer be able to use them in transactions,” says a spokesperson for the Bank of Canada in a statement to CTV News Ottawa.Dec. 31, 2020 try using that mattress money to CERB Edited March 13, 2021 by KaptCrunch major-mark63, 7Toes and rexbowan 1 1 1 Link to comment Share on other sites More sharing options... Awards
Hunter1948 Posted March 14, 2021 Member ID: 1850 Group: ***- Inactive Clan Members Followers: 98 Topic Count: 328 Topics Per Day: 0.07 Content Count: 8620 Content Per Day: 1.74 Reputation: 4222 Achievement Points: 55994 Solved Content: 0 Days Won: 5 Joined: 09/29/10 Status: Offline Last Seen: November 29, 2023 Birthday: 06/19/1948 Device: Windows Share Posted March 14, 2021 3 hours ago, Merlin007 said: People don't have to repay it but they will have to pay tax on it. They changed their stance since the rules were not very clear. I know people who got several thousand and get to keep it, just have to pay tax on it. It's not right but that seems the way that it's going. Don`t agree my wife does income tax and if you collected you pay tax on it. Now if you collected it and made more than what was aloud in that time frame you will have to pay it back. 7Toes 1 Link to comment Share on other sites More sharing options... Awards
Merlin007 Posted March 14, 2021 Member ID: 2068 Group: +++ COD5 Head Admin Followers: 69 Topic Count: 1071 Topics Per Day: 0.22 Content Count: 8424 Content Per Day: 1.73 Reputation: 7283 Achievement Points: 74823 Solved Content: 0 Days Won: 64 Joined: 12/25/10 Status: Offline Last Seen: 3 hours ago Birthday: 05/23/1973 Device: Windows Share Posted March 14, 2021 (edited) 9 hours ago, Hunter1948 said: Don`t agree my wife does income tax and if you collected you pay tax on it. Now if you collected it and made more than what was aloud in that time frame you will have to pay it back. Yes you pay tax on it but the eligibility by way of income which was meant to be your net is waived for those who used their gross so do agree some may get stung. Plus they deferring interest penalty till 2022. It really is a mess so hopefully those who collected kept a buffer but will see how it all unfolds as the new tax season progresses. Edited March 14, 2021 by Merlin007 Hunter1948 and 7Toes 2 Link to comment Share on other sites More sharing options... Awards
7Toes Posted March 14, 2021 Member ID: 87 Group: ***- Inactive Clan Members Followers: 57 Topic Count: 98 Topics Per Day: 0.02 Content Count: 3789 Content Per Day: 0.71 Reputation: 3589 Achievement Points: 27249 Solved Content: 0 Days Won: 7 Joined: 09/02/09 Status: Offline Last Seen: March 18, 2022 Birthday: 04/02/1871 Share Posted March 14, 2021 like here in the states people are grabbing what they think is free money?it their own money and biden and bernie in a half a year or so are going to raise payroll taxes to 50% Link to comment Share on other sites More sharing options... Awards
BlackRose Posted March 14, 2021 Member ID: 2208 Group: *** Clan Members Followers: 110 Topic Count: 304 Topics Per Day: 0.06 Content Count: 3613 Content Per Day: 0.75 Reputation: 3914 Achievement Points: 37656 Solved Content: 0 Days Won: 53 Joined: 02/09/11 Status: Offline Last Seen: 7 hours ago Birthday: 06/09/1963 Device: Windows Share Posted March 14, 2021 yes we were told that on 2000$ the tax would be approximatly 400$ to pay back...my gurls set this aside just in case but they dont make much anyways,,,you will find out when you get a T4A tax slip. Link to comment Share on other sites More sharing options... Awards
KaptCrunch Posted March 14, 2021 Member ID: 389 Group: *** Clan Members Followers: 45 Topic Count: 294 Topics Per Day: 0.06 Content Count: 4452 Content Per Day: 0.84 Reputation: 3614 Achievement Points: 36393 Solved Content: 0 Days Won: 39 Joined: 09/14/09 Status: Offline Last Seen: 12 hours ago Birthday: 01/01/1970 Device: Windows Share Posted March 14, 2021 (edited) Rose that's 0.02% intrest over 2 yrs and after that i just hate to see the over due intrest rate. Greed at its finest when corvid happen stimulus act open for what? yeah 7Toes corret sorry money is owned by the !%er's Quote from War Pigs Politicians hide themselves away They only started the war Why should they go out to fight? They leave that role to the poor, yeah 1 to 99 pain please US save $ome.don't blow it Edited March 14, 2021 by KaptCrunch Link to comment Share on other sites More sharing options... Awards
ViPRZ Posted March 15, 2021 Member ID: 2978 Group: *** Clan Members Followers: 35 Topic Count: 34 Topics Per Day: 0.01 Content Count: 1656 Content Per Day: 0.36 Reputation: 1106 Achievement Points: 26102 Solved Content: 0 Days Won: 1 Joined: 11/11/11 Status: Offline Last Seen: Yesterday at 03:12 AM Birthday: 09/23/1970 Device: Windows Share Posted March 15, 2021 I hate to say this Krunch..you are soo wrong. I would have lost everything including my house without this money. It is not rocket science. We were told we would be taxed on the earnings from the very beginning. If people listened and put some aside then there should be no problems at all. Shouldn't have to worry about the interest rates. Everybody is always ragging on the government that they didn't give us enough. Some countries got nothing, at all ,at the beginning of this. People did lose everything I have two friends who couldn't handle it and committed suicide. I am not a fan of politics but I ,for one, do appreciate them helping right at the start of all this. Link to comment Share on other sites More sharing options... Awards
KaptCrunch Posted March 15, 2021 Member ID: 389 Group: *** Clan Members Followers: 45 Topic Count: 294 Topics Per Day: 0.06 Content Count: 4452 Content Per Day: 0.84 Reputation: 3614 Achievement Points: 36393 Solved Content: 0 Days Won: 39 Joined: 09/14/09 Status: Offline Last Seen: 12 hours ago Birthday: 01/01/1970 Device: Windows Share Posted March 15, 2021 your correct may your friends left behind be strong just letting people know not free money save some ViPRZ 1 Link to comment Share on other sites More sharing options... Awards
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