Done your taxes yet??
26-Feb-2003, 12:56 AM
#21
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Join Date: Aug 2002
Location: Etobicoke
Posts: 3,662
Originally posted by Si Veloz
actually my mom does mine..
actually my mom does mine..
Coming from marty.. that's a quote that will go down in my memories forever!
My father does mine.. I haven't gotten my RRSP tax form back yet! I can't file mine yet.
26-Feb-2003, 01:51 AM
#22
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Join Date: Apr 2002
Location: With the girl that your looking at in my sig!!
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I don't even want to think about filing taxes 
I always dread that month. End up owing large with the investments I have. And I always wait 'till the last week to do them
Procrastinator I am
I always dread that month. End up owing large with the investments I have. And I always wait 'till the last week to do them
Procrastinator I am
26-Feb-2003, 07:26 AM
#23
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Join Date: Aug 2002
Location: Toronto
Posts: 1,530
Originally posted by Slvr-Bullet
I don't even want to think about filing taxes
I always dread that month. End up owing large with the investments I have. And I always wait 'till the last week to do them
Procrastinator I am
I don't even want to think about filing taxes
I always dread that month. End up owing large with the investments I have. And I always wait 'till the last week to do them
Procrastinator I am
26-Feb-2003, 07:30 AM
#24
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Join Date: Aug 2002
Location: Toronto
Posts: 1,530
Originally posted by gatherer
yeah thats true... here's an example
assuming for both case A and case B interest on the principal is 10% compounded annually
case A) person invests 2000 dollars annually from age 18 to age 25 then stops adding money to the fund and just lets it grow.
case B) person invests 2000 dollars every year from age 26 to age 65 does not invest before that.
again assuming both get 10% interest compoundeed annually every year. the person with more money at age 65 is the Case A... with over 1 million dollars too. it's very interesting
yeah thats true... here's an example
assuming for both case A and case B interest on the principal is 10% compounded annually
case A) person invests 2000 dollars annually from age 18 to age 25 then stops adding money to the fund and just lets it grow.
case B) person invests 2000 dollars every year from age 26 to age 65 does not invest before that.
again assuming both get 10% interest compoundeed annually every year. the person with more money at age 65 is the Case A... with over 1 million dollars too. it's very interesting
I remember seeing that chick on High Rev, she said she took out all her RRSP money and dumped it into the car.
OMG I nearly fell off my chair, if that isn't a case of what NOT to do i don't know what is.
It's people like this who us wise people will have to look after when we all get old through social programs.
CRAP... every invest in RRSP NOW, I don't want to be paying for your sorry broke a$$ when we're all retired.
26-Feb-2003, 07:38 AM
#25
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Join Date: Apr 2002
Location: With the girl that your looking at in my sig!!
Posts: 2,726
Originally posted by echien
Are you maxing out your RRSP? (investing as much as your allowed?)
Are you maxing out your RRSP? (investing as much as your allowed?)
Ummm...ahhhhh.....no :cry:
I know I should but I can't afford my maximum allowable unless I go for a loan or whatever they call it but then I'll be owing interest on top of that and I don't need to be in dept more than I am already
26-Feb-2003, 04:37 PM
#32
Originally posted by Cee_mon
does anyone know where the lowest tax bracket ends? i think its around 14K or so. I need this info asap...thanks
does anyone know where the lowest tax bracket ends? i think its around 14K or so. I need this info asap...thanks
Never mind 
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