:)
:)
OSTC payment tomorrow :)
Final OSTTB ( third instalment ) coming next month in June -2011 .
$ 100 / $ 335
http://www.rev.gov.on.ca/en/credit/sttb/index.html
Quote:
Originally Posted by tjthemanto
Can definately use this but sad that it's the last one lol These payments have been ones that we haven't been able to pin an exact date down for right?
Actually this is June 10 - 2011 as well :)Quote:
Originally Posted by TaraF
I get it through direct deposit.Quote:
Originally Posted by tjthemanto
Ditto on the direct deposit-as I had my CRA DD setup well before the OSTTC existed, the tax credit has been sent through the bank account. Handy when we might have a postal services interruption next week.
Yeah I just checked OSTTB is DD as well just like the OSTC if you have DD set up ..otherwise the ck. will be mailed .Quote:
Originally Posted by curt81
oh payment next month
Yup June - 10 final OSTTB payment .. $ 335 or $ 100 for families & singles respectively .Quote:
Originally Posted by KK7
On Friday we got our last installment of the OSTTB .
Do you know when Tax Freedom Day is this year? When we have paid all our taxes and we are working for ourselves the rest of the year?Quote:
Originally Posted by tjthemanto
Its tomorrow June 6 :cheesygrin: ..ofcourse this is just an average of all the Canadians ..so your tax freedom day might be sooner or later depending on your income & spending :biggrin:Quote:
Originally Posted by Shwa Girl
Albertans & PEI guys are surely lucky . Alberta mostly bcoz of no PST ( or HST ) ..they only have GST ..hence their tax free day comes so much sooner .
http://cnews.canoe.ca/CNEWS/Canada/2.../18233926.html
Tax Freedom Day falls on June 6
By Sharon Singleton, QMI Agency
It will take Canadians two days longer this year to be free of federal and provincial tax burdens and to start working for themselves, the Fraser Institute said.
Annual Tax Freedom Day falls on June 6 this year, the day Finance Minister Jim Flaherty will retable the federal budget in Parliament.
Tax Freedom Day is a measure to show the impact of taxes on Canadian families. If Canadians had to pay all taxes up front they would have to hand over every penny they earned to the government up to that date.
The Fraser Institute warns that Tax Freedom Day would fall 16 days later if governments paid for their current level of spending by raising taxes, rather than running up deficits.
"Today's deficits must one day be paid for by taxes. The longer the government delays balancing its books, the more likely it is that Tax Freedom Day will fall later in the year," said Niels Veldhuis, Fraser Institute senior economist and co-author of the report.
Tax Freedom Day is later this year mainly because of the improving economy. As Canadians earn more they tend to move into higher tax brackets, thus owing more to the government, according to the think-tank.
In 2011, the average family will earn $93,831 and pay $39,960 in taxes. That means the tax bill represents about 42.6% of annual income.
Over the past year, income taxes increased the most, rising by $550, while sales taxes jumped by $335.
"Canadians are taxed by federal, provincial, and local governments in ways that are both obvious, such as income tax, and ways that are hidden, such as alcohol, amusement, and gasoline taxes," Veldhuis said.
"It's virtually impossible for the ordinary citizen to know exactly how much tax they are paying. Tax Freedom Day gives Canadians a true picture of their total tax burden and thereby allows Canadians to consider whether they get value for their tax dollars."
Across the country, Alberta earns the earliest Tax Freedom Day on May 19, followed by Prince Edward Island on May 27.
Newfoundland and Labrador citizens are the latest to be free of the tax burden, with the cutoff on June 19, while Quebec had the biggest extension, with tax freedom coming four days later than last year.
2 days left for the June - 10 final OSTTB payment .. $ 335 or $ 100 for families & singles respectively :)
OK, I just checked my bank account expecting to see that money in there but it's not :( WTH??????? I've been waiting for that all week :(