i want to file my income tax but i need my refund right away.
2007-03-22 08:11:10 · 5 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ Canada
If you use the cash back option, the rate that they have to charge is:
15% on the first $300 of refund
5% of every dollar above $500
So on a $500 refund you would pay $55 to have your taxes done and to receive your refund immediately.
The rates charged are set by the Tax Rebate Discounting Act.
2007-03-22 08:53:15 · answer #1 · answered by Anonymous · 1⤊ 0⤋
for free tax filing go to http://www.intuit.ca
HR block ha ha ha... not only will you be charged a fee (the 15 % and 5 % .. of the refund amount. But they will also charge a nice 150.00 accounting tax fee to do your basic return...
1. Suggestions.. File via CRA.
2. File via Quicktax.
3. Find an Accountant who does tax prep for Free. Under the terms of volunteer tax prep quidelines.. Incomes less that 25k,
4. Get a loan for a portion of your tax refund from your brother, mother, dad, spouse etc. And pay them the 55 $ fee for loaning you the money once you do get your refund chq.
5. You can Also visit a local " MONEY MART" and they will prepare your return for a reasonable 50 Fee, and charge 1.5 % on cashing your Refund Cheq once you get it.
2007-03-25 15:49:32 · answer #2 · answered by Arlee H 1 · 0⤊ 0⤋
If you want to get your refund ASAP, try netfiling your own tax return through http://www.intuit.ca
If your net family income is less than $20,000.00 per year, you would get to file for free under the
Quick Web freedom program.
If you have a simple, straight forward return, why go to a preparer? Chances are, you can file it yourself and get the refund within 10 business days from CRA.
Hope this helps you.
2007-03-22 09:19:19 · answer #3 · answered by taxgal2007 5 · 1⤊ 0⤋
they don't take a percentage they charge you a fee,if you want your refund faster about 4 weeks instead of 6 apply with direct deposit and you can sometimes get it in 3 weeks after mailing, don't waste your money buy paying the rapid refund fees it is not worth it. if you need cash really fast go to a friend or family member and write them a post dated check for the amount you borrow then you can get your money and they are guaranteed theirs it is a win-win situation.
2007-03-22 08:19:58 · answer #4 · answered by kissybertha 6 · 0⤊ 0⤋
Second me You must ask to a Oracle
2007-03-22 08:18:14 · answer #5 · answered by Atila a 4 · 0⤊ 2⤋