T1198 (Assorted Topics)

Thanks guys .........

    We've used H & R Block since I was Medically Released in 2002 and every year since in Ontario 2002 - 2005 , back to Nfld 2005 - 2010 , and returning back to Ontario 2010 - 2014

H & R Block ...... 12 years running ..... $ 162.00 this year for a long return , I believe is cheaper than an Accountant at around $ 400 / $ 500

Maybe H & R Block tops their list to get done ..First ??? who knows ....... I'm not really sure

For Country
Retired Army MasterSniper
Dave
Family of .......7.......get er' done by'e ...... and don't let the level of education fool ya , it's how the heart beats @ 44 per minute , you can smell em' comin .

Good to hear Recon.
I await me shocking news still

Koodos to H and R Block as well! I decided not to use H and R this year thinking my return was too complicated and better prepared by a specialized accounting firm and irony is CRA cant locate my return! Maybe I should have stayed with the Block this time as well. I am glad it worked out for you Recon.

Good for you Recon, happy for you, and glad to see you were properly looked after by the CRA.

Well Master Sniper I hope you sleep a bit better tonight, it has been a long road and glad it is over for you. Thanks for all your tips, guidance it is appreciated.

Said I would get back to you all.............

Check arrived in the Mail this afternoon

Tax Return done at H & R Block for $ 162.00 ............ Mar .03 ,2014

Called 6 wekks later .... CRA TAX RETURN FINISHED... T1198 used ......April . 18 ,2014

if claimed in one year a Deficit of $ 45,750 ........... to a REFUND of......... $ 11,864.96 .........using T1198 ......... cheque sent ..... April .23 , 2014

BUT ......... losing all child BENEFITS for OUR  5  CHILDREN  FOR.......... 12 months ......... we lose $ 24,900 ........ July 2014 --- June 2015

For Country
Retired Army MasterSniper
Dave Family of.......7.......

Great news Newfie

good to hear newfie bouy, got me fingers crossed hoping i get the same results

Great news and hopefully others will get the same results with 1198

great news newfie.

propat

Lard tunderin jeesus bye!! Good on you Newfie! Glad you got a refund coming back.
Sap

Now that's really good to hear Mewfie.
Right now I owe $25,000 or 42% of the money I made back. Check everyday on the net, and its still not done. I am hoping the 1198 helps me. They told me the Request For Taxpayer Relief usually takes 7 months.

The 1198 was used in my Tax return.  I went from owing $19000 plus when I paper filed to a refund of $7,948.28

Thanks Bigrex...exactly what I was told by my accountant who got the info from CRA. Dont pay until you get the official notice from them as they pay no interest on monies over what you owe.
Sap

Puddle, you do not have to pay anything until you receive your notice of assessment. They cannot charge you interest if you are unaware of the exact amount owing, if any. It would be one thing if we didn't have to wait for the QLSRP forms to be processed, but as we have seen, that form can have a drastically different outcome than what our own calculations have come up with.