INCOME TAX RETURNS FOR THIS ZERO SUM BOUY

This is all very confusing to a person that is so messed up with PTSD, I have not filed yet but will be sending all my T4s etc. to accountant this week. I was approved for the DTC last year but my taxes have never been adjusted. I guess the accountant does this in this tax year. I used to be very sharp on all of this now I struggle like hell and just cannot seem to understand this stuff. Thanks all for posting, wish it helped me more to understand.

Lessons Learned
I am for the most part fairly intelligent and a person that believes if a professional tells you that the sky is blue then it is blue, however if I see the sky is a little dark I will ask why it is so and you better have a good answer? When I fill out my Taxes every year I never question the taxman because I always receive a return, this year after receiving a Retro payment and a ton of tax forms I knew I was to pay, again I did not challenge that argument and why would I? I did not like the huge amount and even after the REASSESSMENT I still may not like the Final Notice of Assessment, however thanks to a few good people here on CSAT and my daily LL Buddies I can say at least it will be completed correctly. So as PROPAT says ALWAYS Challenge Authority, I am adding Politely Till you are pissed on too much then “Let Loose The Hounds OF Hell.

Hey Davey no problems big shooter and let the story be known troops "I did call on Monday April the 7th after receiving my Notice of Assessment and was told by Agent ASSCLOWN, That my T1198 was used and it did not impact my 2013 Income Tax Return." "I DID NOT AT THAT TIME ASK FOR PROOF, because when I mentioned that the T1198 was not mentioned on PAGE 2 SUMMARY the Agent remarked "Why would it be on the SUMMARY page if it did not effect your Income Tax Return?". So why the hell would I argue after all this whole situation has my anal glands inflamed after getting it up the arse since 2007 so whats another arse reaming right?
After hearing what RECON found out I became suspicious and called on Thursday April 10th only to be told, (once I politely) asked for written confirmation that the T1198 was used that "MY PAPER FILED TAX RETURN SHOULD BE IN NO WAY COMPLETED AFTER 10 Business DAYS". Upon looking into the situation the very polite Agent (Sounded Cute) told me that my T1198 wass not factored in and that I would Have to submit a T1 Adjustment to the Adjustment Department at my local CRA Office with a Copy of my T1198 both pages, and a letter requesting for the Adjustment due to the T1198 not being used, I also threw in some extra correspondence as most know I love to write, lol

great post recon I couldn't agree more its YOUR tax return so YOU have to take charge and make sure your tax specialist and the CRA are doing their job.

the best way to make sure they are doing their job in my mind anyway is to ask for your 1198 calculations that way you can have it in hand check the math and compare it to your assessment.

I recommend everyone ask.

always question authority

propat

RobbieRoyal..........

    hey Steve , with regards to your personal tax return , I appreciate your kind words , I simply felt after speaking with you on our daily ritual that I needed to follow my gut intuition about your tax return results & inquire with certain people who genuinely care .... I felt something wasn't right .....

Glad I could help & I hope your return gives you a more " positive outcome " knowing now that these people will follow through with their proper job description & include the retroactive lump sum .... T1198 ...... for a proper result .

To Add :::::::::::: as Smokehouse said ....... Make certain your Tax Analyst ..........Uses all those  ""  Federal Non Taxable CREDIT Deductions  ""   for each year & there's a lot of them ...........

Pay close """"" ATTENTION  """  to your return Troops................. AND  VERIFY  THEY'VE DONE THEIR  J.O.B.  CORRECTLY

For Country
Retired Army MasterSniper
Dave Fitzpatrick
Family of .......7.......  Jim Flaherty may you Rest in Peace ................ A Great Human Being .......... Caring for Disabled .

1 % of my return is a kick in the nadds so I ain't waiting period

ok I did ask the CRA Agent and it was relayed to me that if you owe then pay, my situation is now different from some as I am asking for a T1 Adjustment which means wether a mistake or error occurred due to not using my T1198 then i will have to pay up front by April 30 or incur tax law penalties. I do not know if your assessment is being looked at after the april both deadline will you have a grace period, it seems far fetched for CRA to give money away lol. I was told if any adjustments are made and they are in my favour i will be reimbursed what they owe period if not i get shite but at least it will be paid bu 3pm April 30 2014 period.

Harman I highly recommend paying before the deadline especially fore the high retro guys.

propat

Good point propat. So what are we to do. Do we pay the amount owing in taxes at the end of April or wait until the 1198 N of A is completed and risk compound interest effective May 1st.

No Paper Filed as per the documentation over load on the server lol, had over 30 pages on material sent so file was out Smokey good ole stick en n lick em

Steve did you Netfile yours because that seems very fast

check your assessment's it will state right on them on the last page ore second last something like this .

we have calculated your QRLSP over the prior years using our special calculations and have determined that this would be of no assistance to you so we have made no changes to your return.

ore another notation similar to that if it was helpful to you.

at least they allways did in the past so look for that notation if its not their call them to confirm and ask for a copy of the calculations.

I think everyone should ask anyway.

always question authority

propat

Robbie and in fact ALL have the right to ask for their 1198 calculations as I mentioned before. I would highly recommend this.

propat

my thoughts and this is all RECONS doing he noticed the anomaly and deserves a huge Royal Clap

Thanks RR that is invaluable advice that we all need to heed. DeeCee perhaps check with CRA as well. Further to, I recall it was stated that interest on taxes owed are not accrued until the N of A is completed in full that being the T1198 and recalculations. I am not certain though on this point.