Help me figure out how to pay taxes in Ontario.
February 7, 2011 6:08 PM Subscribe
It's income tax time in Ontario, and I've never filed before. Help me get through this as cheaply as possible, won't you?
posted by AAAA to work & money (17 answers total) 5 users marked this as a favorite
I live in Ontario, and I'm self-employed. In 2008 and early 2009 I was a student, with no income, taxable or otherwise. In late 2009 and throughout 2010, I've been making money, but not much. Probably less than $10,000 per year, gross. (I expect to make a little more in 2011, but we'll see.)
This is the first year I'm filing income taxes, which yes I realize is not ideal. I should have been on top of this in previous years, but I could never get past the stage of reading the CRA's "guide"--in quotation marks because I would argue that it provides little in the way of actual guidance. Or at least doesn't provide it in a language I can understand.
I went to H & R Block earlier today and sat down with an accountant, and he told me that it would be possible to file all my missed returns simultaneously with this year's. But then he told me that to do all this for me, he'd need a minimum of $360, and quite possibly more. He quoted me $150 to $200 for each year of self-employment, plus $30 per year for my unfiled student taxes.
AskMe, I'm not even sure I have the money to pay my taxes, let alone to pay this guy to do them. I definitely will pay him if it's the only way to get this done without going back to the "guide," but I'm thinking there has to be a middle path. Surely somewhere on the web there's a succinct, well-written explanation of how to file income taxes in Canada, or in Ontario. Or maybe someone knows for a fact that I could find a less expensive accountant elsewhere.
Please help me make things right with the CRA without spending too much of what little money I have. I don't want to be thrown in some kind of weird debtors prison.