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T1198 (Assorted Topics)

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puddleduk2
Newfie
pinger
Recon031
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bigrex
rucksack031
loggie
Teentitan
RCN-Retired
pteadams2002
Sapper Zodiak
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peep
18 posters

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Post by Guest Thu 06 Feb 2014, 19:37

Thanks Propat, it hurts! Hey Peeps any immigration info on Belze and can I make it there before tax deadline and do they have a legion there?

Guest
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Post by Guest Thu 06 Feb 2014, 18:38

nav just logged on for a sec cant find the example right now but I will look later when I have more time I have it here somewhere. basically they charge you the average 90 day bond rate of the year in question (their cost to borrow) plus 2% to frack you then apply that rate in a compound nature to frack you some more.

if you get the past two years grace that means and you owe tax 10 years ago the deemed tax will be applied to that over 8 years then what you owe from 9 years ago they will apply the deemed tax over 7 years 8 years ago over 6 years and so on in that compounded nature.

yup we are just kinda looking up from the outhouse basement.

propat

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Post by Teentitan Thu 06 Feb 2014, 15:39

Excellent idea to print it now just incase we don't get it from Manulife. Great work on finding and posting the link Carver.
Teentitan
Teentitan
CSAT Member

Number of posts : 3405
Location : ontario
Registration date : 2008-09-19

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Post by Guest Thu 06 Feb 2014, 15:07

http://www.cra-arc.gc.ca/E/pbg/tf/t1198/t1198-fill-13e.pdf
Could individuals simply complete and submit this statement form T 1198 of qualifying retro active lump sum payments. It states on the definitions Canadian Forces members and Veterans income replacement benefits as a qualifier to the form. If we don't get this form from Manulife could we not just proceed individually?

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Post by Guest Thu 06 Feb 2014, 14:24

Anyone know a good Tax Therapy professional? That's covered by VAC!

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Post by Guest Thu 06 Feb 2014, 14:24

Does the Bursary cover a Income tax course?

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Post by Guest Thu 06 Feb 2014, 14:21

One Ativan  , Two Ativan , oh geez ! I'm still posting

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Post by Guest Thu 06 Feb 2014, 13:45

Is there any confirmation on the legal fees confusion. I thought it was dollar for dollar off the Revenue Canada bar tab and not a percentage there of?

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Post by Guest Thu 06 Feb 2014, 12:53

Lol

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Post by Teentitan Thu 06 Feb 2014, 12:34

Bacardi's or Crown Royal Nav???

I prefer CR myself for a good health intervention, in moderation ofcourse as VVi cares for the well being of all our veterans (new PSA from VVi)
Teentitan
Teentitan
CSAT Member

Number of posts : 3405
Location : ontario
Registration date : 2008-09-19

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Post by Guest Thu 06 Feb 2014, 12:33

Head ache, Try stroke, I don't need a Tax professional I need a mental health intervention!

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Post by Guest Thu 06 Feb 2014, 12:31

I am looking in the Tax guide right now!

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Post by Teentitan Thu 06 Feb 2014, 12:31

OK Nav. All I know is for the first time in my life I am going to an Accountant to do my taxes. Mainly I do not want a damn headache!
Teentitan
Teentitan
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Number of posts : 3405
Location : ontario
Registration date : 2008-09-19

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Post by loggie Thu 06 Feb 2014, 12:04

Thanks Nav and sorry to hear about the bar tab. Is that tax deductible Very Happy 

loggie
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Number of posts : 144
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Post by Guest Thu 06 Feb 2014, 12:01

Geezzzzzzz, I had a paid up bar tab for months now at the legion, I guess I'll have to reopen my bar tab

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