Income tax question

[kindertime]

One thing to keep in mind though, the RRSP deductions do decrease your taxes for the year but they don't affect the CPP amount. I have started to pay in instalments throughout the year, whether it is required or not, that way it doesn't always have to come in one big chunk in the spring.

[Spixie33]

Your numbers are almost exactly what I made and what I paid for 2013. It hurt - a lot....but I guess if you make over 40 K then eventually the tax man comes knocking.
I budgeted the same amount to pay back this year but I have been scared to go in and do the taxes.

[Busy ECE mommy]

oops-guess I hit post twice LOL!

[MonkeyPrincess]

Gulp...i am afraid to see what my return is going to look like. in 2013 i made 15,000 or so and i paid about 600. This year i made over 20,000 (Haven't submitted yet though)....i know it's not as much as some other providers, is that why, because i made less money? We have RRSP's, RESP's, i claim all applicable deductions, etc.