Comments on: Do you love a tax refund? http://www.weliveherenow.net/2007/04/12/do-you-love-a-tax-refund/ From Toronto to the corner of Nothing and Nowhere: it's an adventure! Sat, 21 Jan 2012 16:13:00 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: jbrains http://www.weliveherenow.net/2007/04/12/do-you-love-a-tax-refund/comment-page-1/#comment-38 jbrains Wed, 23 May 2007 20:01:13 +0000 http://blog.rainsberger.ca/2007/04/12/do-you-love-a-tax-refund/#comment-38 @Barb, one of the advantages to being my own boss is that I can easily approve direct employee RRSP contributions to avoid having to remit withholding tax on the contribution to the CRA. I still have to pay the associated CPP contribution, but that's minimal by comparison. This way, I don't have to remit money in November just to get it back sometime in the spring. @Barb, one of the advantages to being my own boss is that I can easily approve direct employee RRSP contributions to avoid having to remit withholding tax on the contribution to the CRA. I still have to pay the associated CPP contribution, but that’s minimal by comparison. This way, I don’t have to remit money in November just to get it back sometime in the spring.

]]> By: Aunt Barb http://www.weliveherenow.net/2007/04/12/do-you-love-a-tax-refund/comment-page-1/#comment-35 Aunt Barb Sat, 19 May 2007 14:30:51 +0000 http://blog.rainsberger.ca/2007/04/12/do-you-love-a-tax-refund/#comment-35 Hi Joe & Sarah, Thanks for the insight. I was checking out Rainsberger.ca for a link to the evite responses. I believe this is the CRA publication you were looking for: http://www.cra-arc.gc.ca/E/pbg/tf/t1213/t1213-04b-e.pdf Also, a fact one of my previous employers didn't appreciate me advertising to my clients when I thought they would be better off contributing to an RRSP through their employers, rather than at MY employer to realize an immediate tax benefit. Because your contributions are deducted from your taxable income every pay, you receive tax relief throughout the year, rather than all at once after the CRA finally processes your tax return. Hi Joe & Sarah,
Thanks for the insight. I was checking out Rainsberger.ca for a link to the evite responses.

I believe this is the CRA publication you were looking for:

http://www.cra-arc.gc.ca/E/pbg/tf/t1213/t1213-04b-e.pdf

Also, a fact one of my previous employers didn’t appreciate me advertising to my clients when I thought they would be better off contributing to an RRSP through their employers, rather than at MY employer to realize an immediate tax benefit. Because your contributions are deducted from your taxable income every pay, you receive tax relief throughout the year, rather than all at once after the CRA finally processes your tax return.

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