[2001 ZTS]

darkpuppet,Mar 3 2006, 08:27 AM Wrote:How do you people get so much money back?  Last year was the first year I actually got money back instead of having to pay...

I haven't done my taxes yet, but last year I paid $47,000 and got $2200 back....

This year is about the same, except I got a whole wack of project bonuses last year that I'll have to pay taxes on.. so I'm screwed.
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The big thing is the RRSP, besides reducing my taxable income right off the top it also keeps me withing the middle bracket. My preliminary calculation shows I pay about $16 in taxes on an income of $75. $20G was deducted so I get about $4G back. My RRSP contribution this year wasn't as high as it normally is either.

Someday you're going to have to find some time to talk to me about getting you a "strategy". I don't care how much you make or how big your bonuses are; you are paying far too much