T1198 (Assorted Topics)
+14
puddleduk2
Newfie
pinger
Recon031
turbo
bigrex
rucksack031
loggie
Teentitan
RCN-Retired
pteadams2002
Sapper Zodiak
Rifleman
peep
18 posters
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Re: T1198 (Assorted Topics)
nav because he is getting retro, the years he is being paid retro would in no doubt in my opinion be lower and if not you sure as hell don't expect him to post it here.
just my opinion
propat
just my opinion
propat
Guest- Guest
Re: T1198 (Assorted Topics)
Hey, oiler, was you income pretty high over the last 5 years , the same tax bracket
Guest- Guest
Re: T1198 (Assorted Topics)
Hey guys I got my tax return back after 5 weeks .. it was better to claim it all this year then over 5 years for me ... I am very happy recon got his done up.. very excited someone caught a break ..
chimo
chimo
Guest- Guest
Re: T1198 (Assorted Topics)
good question Navrat The CRA account always updates once the completed return is completed and a NOA is sent out via mail
Guest- Guest
Re: T1198 (Assorted Topics)
Great news, Recon, did they update your CrA my account or does that take awhile
Guest- Guest
Re: T1198 (Assorted Topics)
I have 5 ferrets in need of years of obedience training. Hope that helps me. No word on my return yet. Still stands at 42% of monies they gave me, they want back now.
peep- CSAT Member
- Number of posts : 843
Location : International Space Station (celibacy section)
Registration date : 2012-09-13
Re: T1198 (Assorted Topics)
......ONCE I GET THE .....OFFICIAL LETTER......NOT THE NOTICE OF ASSESSMENT ....WHICH I HAVE A COPY OF FROM MY H & R BLOCK LADY .........BUT THE ACTUAL LETTER GIVING DETAILS OF THIS CALCULATION .....IS WHAT IS SAID IN THE PRENUP LETTER ACCESSED BY H&R BLOCK ......
I'LL GIVE ALL THE DETAILS I CAN ...........
For Country
Retired Army MasterSniper
Dave Fitzpatrick
Family of .......7....... get er' done
I'LL GIVE ALL THE DETAILS I CAN ...........
For Country
Retired Army MasterSniper
Dave Fitzpatrick
Family of .......7....... get er' done
Recon031- CSAT Member
- Number of posts : 243
Location : Eastern Ontario
Registration date : 2013-07-19
Re: T1198 (Assorted Topics)
Thanks Recon031, yes answered, when you get the calculations from CRA perhaps you could shed some light on the deemed tax portion of the calculation ie percentages used etc...
Thanks
LTD4me
Thanks
LTD4me
Guest- Guest
Re: T1198 (Assorted Topics)
RCN im happy to say quite a few on here has sent it in im hoping a lot more have sent it in as well either readers ore guys that here'd by word of mouth ore a good accountant. hopefully some will get accepted.
propat
propat
Guest- Guest
Re: T1198 (Assorted Topics)
Great news Dave, glad it worked out for you, you deserve it for all the assistance you have provided to your fellow vets. Has anyone used that form that requests no penalties? I have sent my info to our accountant including the 1198 that was sent to me so am hoping that the $70K that was deducted for tax last summer will suffice and/or getting some back would be a bonus. But living in BC probably not. Again great news Dave that you were successful in getting some of your tax back, now you can hopefully put all behind and start to heal.
RCN-Retired- CSAT Member
- Number of posts : 263
Location : Vancouver Island
Registration date : 2012-11-14
Re: T1198 (Assorted Topics)
H&R Block sent my paper file in on 3 Mar and it is showing in the CRA website as being received but not processed. So the site will actual show it once it is received into the system.
Newfie- CSAT Member
- Number of posts : 189
Location : Nfld
Registration date : 2013-01-02
Re: T1198 (Assorted Topics)
......YES .......I did.........Letter of explanation of changes & other important information is being sent to me
in a letter giving ''' details ''' of my Calculations .
Everything is explained in detail , even in the """ pre typed letter """
........THEY SAID......... Based on the information provided , I received a retroactive lump sum payment in 2013 .
This payment was to compensate me for payments i did not receive earlier .Since I rec'd. the payment for that reason ,
....it is now eligible for a special tax calculation that would benefit me . Plus they calculated the tax on my amount as if I
received payments in the years to which they apply .T he Special tax calculation ... reduced ... the taxi have to pay on
the lump sum payment .
LTD4me ...... does this answer your question , or do you need something else to help you in any way ?
For Country
retired Army MasterSniper
Dave
in a letter giving ''' details ''' of my Calculations .
Everything is explained in detail , even in the """ pre typed letter """
........THEY SAID......... Based on the information provided , I received a retroactive lump sum payment in 2013 .
This payment was to compensate me for payments i did not receive earlier .Since I rec'd. the payment for that reason ,
....it is now eligible for a special tax calculation that would benefit me . Plus they calculated the tax on my amount as if I
received payments in the years to which they apply .T he Special tax calculation ... reduced ... the taxi have to pay on
the lump sum payment .
LTD4me ...... does this answer your question , or do you need something else to help you in any way ?
For Country
retired Army MasterSniper
Dave
Recon031- CSAT Member
- Number of posts : 243
Location : Eastern Ontario
Registration date : 2013-07-19
Re: T1198 (Assorted Topics)
Hey Recon did you request a copy of CRA's calculations using T1198
Guest- Guest
Re: T1198 (Assorted Topics)
WOW Recon, Good for you and yours, I'm happy for you
Recon031 wrote "....... THERE ARE SO MANY VARIABLES TO THIS SHIT....... UNBELIEVEABLE"
What a can of worms eh?
Recon031 wrote "....... THERE ARE SO MANY VARIABLES TO THIS SHIT....... UNBELIEVEABLE"
What a can of worms eh?
Last edited by pinger on Wed 16 Apr 2014, 19:47; edited 1 time in total (Reason for editing : editing)
pinger- CSAT Member
- Number of posts : 1270
Location : Facebook-less
Registration date : 2014-03-04
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