Originally Posted by
XxAmber89xX
I just have to vent as I got my T183 (Efile tax return form in Canada) faxed in this morning and I have to pay $14k for working 2 damn months in '07!!!
And that ^ was with all the deductions I can think of... the biggest being the fact that I am a student, so I have tuition and accomodation deductions...
I can't stomach how much i'll have to pay for this year... I know, I know, I'm in a better predicament than wage earners that pay their taxes off of each check, etc.., and I have deductions that they don't... but, wow, it sure is a pinch when at the end of each night you think that your earnings are exactly that. Wake up call.
I might have to buy some rental properties sooner than I expected! though, i'd hate to right now- Real Estate is still damn expensive in my area.
I'm lost at what to do... my dad would probably be able to help me- he's a CA and CFP, but, I can't let him know A) that I make this much $$ and B) how I make it! lol...
So, unless I find some smarter ways to invest... I'm gonna get big surprises each April...
up till now, almost all of my earnings have gone directly into cash savings or the stock market.. it leaves a BIG trail!
the good thing is I have almost no debt. I have my student loans, but they are payment free/interest free until I finish going to school... so, I have an account to pay that off when I am done school.
but, holy freakin' taxes, batman!