EQ Bank Savings Plus Account

Turbo Tax Giveaway Time Again


Yes, this year I have had 3 on line licenses for Turbotax donated to me, and I would like to give them to you, good reader, as a way of saying, Thanks for hanging around.

As with all normal Canadian Giveaways, there will be a skill testing question, and this year is no different, so to win you must leave a comment (on this post) answering the following skill testing question:

Q: Prove that you have the skill of writing the English language by writing a sentence (in quotes to prove this is the sentence you want me to check the skill on) stating, Why the Canajun Finances Web Site doesn’t suck as badly as other financial sites. If you leave a comment (in quotes) of this format (and remember to leave a VALID e-mail address I have more than once had “winners” who I couldn’t contact) and leave the e-mail address in the comment form, not in the comment (don’t need your info snarf’ed either), you could WIN one of the licenses.

Tax season has begun and with that a chance to win stuff, doesn’t that make this site suck less than other financial sites?

Disclaimers & Clarifications: 

  1. This is ON LINE Turbo Tax, you will receive a registration code from me via e-mail, Standard Edition, I am assuming too.
  2. If you don’t include an e-mail address or a quote in your comment, you can’t win (it’s that simple)
  3. I am not making anything on this one, didn’t even get a free copy for myself, I’ll go buy one for me.
  4. I also won’t be part of the Turbo Tax affiliate program either
  5. Winner will be announced on Friday February 15th, 2013 on that day’s post.

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Procrastinating Tax Payers?

So my friends at TurboTax (who I still owe a review of TurboTax (which I did use to compile and submit my tax return)), have sent me some interesting information they have collected about how (and more importantly when) we Canadians submit our Tax returns.

Specifically they told me:

It turns out yesterday was the biggest tax filing day in TurboTax history – more Canadians filed their taxes on April 29th,using TurboTax, than any other day in the software’s history (and just one day shy of the final day of tax season). In fact, TurboTax helped Canadians put about $50 million back in their pockets yesterday.

This goes with many other interesting dates in our Calendar such as:

  • Mother’s Day used to be the day when the most long distance phone calls were made
  • Father’s Day used to be the day when the most COLLECT long distance phone calls were made
  • Saint Patrick’s day {fill in whichever drinking joke you’d like here}

The comment about TurboTax putting money back in folks pocket is interesting, and I’ll allow it, since they were kind enough to give me copies to give away (and a copy to review).

Procrastination the Answer

Turbotax also keeps data on where the biggest procrastinators live in Canada, which is interesting as well:

As a reminder here are the cities Intuit has identified as those who wait until the last amen to file (based on Intuit data from April 29-30, 2011):

  1. Toronto
  2. Calgary
  3. Vancouver
  4. Edmonton
  5. Ottawa
  6. Winnipeg
  7. Mississauga
  8. Victoria
  9. Montreal
  10. Surrey

Montreal doesn’t have that many procrastinators? That is interesting, Ottawa having procrastinators (Tax wise) is not surprising either.

Thanks to TurboTax for sharing some fun Tax Data about Canadians.

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Tax Time: When the T-4 Arrives

For me, tax season begins when I get the Tax software (this year I started fiddling around about 2 weeks ago, using some estimates). It really starts (however) when I get my T4 form.

For folks like me who are working stiffs the T4 is the tax form that describes your income and taxes paid, etc.. Your employer must prepare this for you to pay for the previous tax year. Once I get this form, my Tax preparation becomes much more concrete and tangible, because this form gives me the real numbers that cover 85% of my tax information (effectively).

What Other Forms Do You Need?

The real danger I have is once I have my T4  I start getting giddy and want to send my return in, without trying to remember the important forms that may not have shown up yet, such as:

Tax season
T4 From the CRA Web Site
  • Any and all of my charitable contributions, which do tend to take a while to show up (I usually check out my Quicken log to get an estimate of those).
  • Receipts for tuition that I might have paid for my daughter’s university (yes, some schools do take their sweet time to get those receipts out).
  • My wife’s tax forms from the Government, for the UCCB, this year it doesn’t matter since we didn’t receive it, but I almost forgot that income one year. (no longer applicable).

There are many other things that I must patiently wait for, and as a final double-check, I go over my previous year’s tax form (which I print as a PDF when I e-filed), making sure I didn’t forget anything from the previous year. This doesn’t catch any new income that I may have forgotten about, but it has stopped me from making many big boo-boos over the  years.

This year’s major gaff (so far), is that I forgot to include my Pension Plan payments in my estimated values.

I don’t do any RRSP day-dreaming these days, but I do try out Turbo Tax’s RRSP estimator for fun (I don’t have money lying around to put in RRSPs, but it is still fun to try it out).

Is it Tax Season for you yet?

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And the Winners are and Random Thoughts

For those wondering, yes I did give out those TurboTax on-line licenses to some deserving folks. I was impressed with over 25 folks wanting the 5 licenses I had (but then the odds were pretty good, less than 1 chance in 5).

Here at the comments of the winners, all very good and I added one from the loser pile, which I enjoyed as well:

  • I want online Turbotax for free because I deserve free presents for Valentine’s Day.
  • I want online Turbotax for free because my wife is expecting Twins in April and every penny counts!
  • Nothing is free in life but I will gladly take a copy of turbo tax.
    I will advertise at our local seniors center to do a minimum of 5 tax returns with my almost free copy of Turbo Tax.
  • I want TurboTax for free because we have moved provinces and I don’t have a lot of time to figure out the different system of tax reporting here with a baby and toddler running circles around me all day! I would really appreciate the help from TurboTax!
  • I want Turbo Tax for free because I’ve been wasting money using HR Block for years and I’m sick of it.

The notable loser’s reason was quite good too: I don’t want TurboTax. I use Studiotax for free already. It’s easy to use, and fits my budget. I used to use Intuit products, but they kept raising prices. Zing!

Weekly Recap

Not just a week of love day, and giveaways, but a great deal of ranting about the cost of safety deposit boxes:

And thanks to those who added me on Twitter I am now over 1000 folks who follow me, holy cow! Check out my facebook page as well (but no I won’t be buying Facebook stock because of this either).

Links for the Week

This week there have been a lot more giveaways this week, and with our Greek friends causing more financial grief, there was a lot to write about:

Other Bookkeeping

RRSP, RESP, RDSP

Valentine’s Day Sentiments to Live By

Remember my RSS feed is available too, for those who enjoy reading without looking at my crappy page lay out, and I have added an RSS Comment Feed as well.

Have a look at my micro-blog on Twitter, where you can see a whole plethora of good articles and pithy comments by me as well. Twitter feed where I re-tweet many great articles by some of my featured writers (and make the occasional odd or off colour commentary on life (in 140 characters or less)). I am also on Digg as Big Cajun Man, on reddit, Tumblr and other Social Media sites (look for the BigCajunMan userid) as well.

If you have social media accounts, don’t forget to vote for my posts (see the nifty dashboard on the bottom of each article, where you can cast your votes). As they say in Quebec, vote early and vote often!

This site is iPhone Friendly (and Android , iPod Touch and iPad Friendly), enjoy it on the go, in a readable format for the device. If you are reading with an iPhone or Android device, drop me a comment and tell me if this needs any improvements. This site is also in the Kindle US Blog list, if you are interested, not available in Canada yet (because no Blogs are available in Canada on a Kindle?!?).

A Financial Thought on Valentine’s Day

Money can’t buy love, but it improves your bargaining position

  • Christopher Marlowe

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Big Giveaways, SPAM and Random Thoughts

It is rare that I run big giveaways on this site (mostly because folks won’t give me stuff to give away, and when they do, I tend to keep them), but this week, I announced the big giveaway of 5 on-line licenses for Turbotax (so you use it on-line, you don’t get the version that runs on your PC). The response so far is better than usual, but there aren’t that many entrants just yet, so you have a good chance of winning. The draw closes on Valentine’s Day, so you can give your loved one a late gift (something every woman wants, tax software).

I also learned that it is possible to SPAM your friends accidentally if you use Gmail. I ended up only sending a fairly innocuous e-mail to about 350 people, where I learned that many folks’ e-mail addresses have expired, and I actually got in touch with a couple of folks I hadn’t spoken to in a while. This taught me that (a) you must continue to be vigilant with technology or it will eventually make you look like an idiot and (b) it is important to clean out your contacts list more than once every 5 years.  I also learned that in French a SPAM (e-mail) is called un pourriel, which is useful too (note it is masculine).

Weekly Recap

Explosions rock downtown Ottawa!  I think this has to do with the new Trains going in, but it might just be for construction, either way it does make life exciting:

And thanks to those who added me on Twitter I am now over 1000 folks who follow me, woo hoo! Check out my facebook page as well (but no I won’t be buying Facebook stock because of this either).

Links for the Week

Facebook’s IPO was big in the news, but RIM is still out there bubbling up, and TAX TIME is even more important too:

Other Bookkeeping

Someone Call For A Demolition Expert?

Remember my RSS feed is available too, for those who enjoy reading without looking at my crappy page lay out, and I have added an RSS Comment Feed as well.

Have alook at my micro-blog on Twitter, where you can see a whole plethora of good articles and pithy comments by me as well. Twitter feed where I re-tweet many great articles by some of my featured writers (and make the occasional odd or off colour commentary on life (in 140 characters or less)). I am also on Digg as Big Cajun Man, on reddit, Tumblr and other Social Media sites (look for the BigCajunMan userid) as well.

If you have social media accounts, don’t forget to vote for my posts (see the nifty dashboard on the bottom of each article, where you can cast your votes). As they say in Quebec, vote early and vote often!

This site is iPhone Friendly (and Android , iPod Touch and iPad Friendly), enjoy it on the go, in a readable format for the device. If you are reading with an iPhone or Android device, drop me a comment and tell me if this needs any improvements. This site is also in the Kindle US Blog list, if you are interested, not available in Canada yet (because no Blogs are available in Canada on a Kindle?!?).

A Video for Blasting

I give you one of the funniest demolition experts ever, Blaster Bates. The video itself is a little NSFW, but only if you can understand a Lancashire accent. My Dad loved hearing this comic, and I loved how he made my Dad laugh.

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