MacInsiders Logo

Similar Threads
Thread Thread Starter Forum Replies Last Post
Payroll taxes? jubilantx Volunteering Opportunities 4 08-14-2010 12:19 PM
taxes... macculkin Financial Aid 3 03-21-2010 09:25 PM
need for filing taxes? xsanx Financial Aid 4 03-02-2010 11:11 PM
Rent - Taxes Greco Financial Aid 3 02-28-2010 06:33 PM
Taxes snaps Financial Aid 5 04-19-2009 11:05 PM

Taxes

 
Old 01-16-2010 at 02:50 PM   #1
Greco
Senior Member
Join Date: Jul 2009
Posts: 166

Thanked: 6 Times
Liked: 18 Times




Taxes
Last year I claimed my rent, and schooling on my taxes, with the T220 (forget the rest) paper that the school provided me.

For my rent, I just gave H&R Block my rent receipts, which simply stated my name, the month, and how much rent I paid. Just simple receipts I got from Staples. I gave my landlords name, but i'm pretty sure the last name I gave was wrong. I only knew his first name, and the receipts I made myself. He was never around and we hardly knew him, which I didn't mind because the property was really well-maintained, he had cleaners come in every 2 weeks, everything was in tip top shape. Also, the phone number I gave was his old number, which was since disconnected by the time I did my taxes, and I didn't know how to contact him anymore.

Needless to say, I got the refund, got back about half my rent from H&R after claiming my receipts. My question is, if your a student, and your paying rent, do you even have to provide your landlords contact info on your taxes? A friend of mine told me he didn't even give that information, just his written receipts with how much he paid for rent, and that's all, he got his refund.

I'm a bit iffy on that because I can easily go and write that I paid $600/month, rather than $400/month to rent a room, on the receipts, and claim that, but apparantly from what i've heard from a lot of students, they do just that.

????
__________________
Formerly: Vanessa-88
Institute for Applied Health Sciences
Nursing 2010
Old 01-16-2010 at 03:03 PM   #2
lorend
MacInsiders VP
MacInsiders Staff
Join Date: Jul 2007
Posts: 7,615

Thanked: 913 Times
Liked: 507 Times




Quote:
Originally Posted by Greco View Post
Last year I claimed my rent, and schooling on my taxes, with the T220 (forget the rest) paper that the school provided me.

For my rent, I just gave H&R Block my rent receipts, which simply stated my name, the month, and how much rent I paid. Just simple receipts I got from Staples. I gave my landlords name, but i'm pretty sure the last name I gave was wrong. I only knew his first name, and the receipts I made myself. He was never around and we hardly knew him, which I didn't mind because the property was really well-maintained, he had cleaners come in every 2 weeks, everything was in tip top shape. Also, the phone number I gave was his old number, which was since disconnected by the time I did my taxes, and I didn't know how to contact him anymore.

Needless to say, I got the refund, got back about half my rent from H&R after claiming my receipts. My question is, if your a student, and your paying rent, do you even have to provide your landlords contact info on your taxes? A friend of mine told me he didn't even give that information, just his written receipts with how much he paid for rent, and that's all, he got his refund.

I'm a bit iffy on that because I can easily go and write that I paid $600/month, rather than $400/month to rent a room, on the receipts, and claim that, but apparantly from what i've heard from a lot of students, they do just that.

????
I would give as much information as you have been given. Some landlords don't provide a lot (I got a tiny sliver of paper from one landlord that had the companies name, the amount I paid, that was it. Others choose to give you much more.

If you give no information at all (i.e. no receipt of any kind) you may in the end get screwed. You don't want to ever be found you claimed more than you actually paid...shit will hit the fan.
__________________
McMaster Combined Honours Cultural Studies & Critical Theory and Anthropology: 2008
McMaster Honours English with a minor in Indigenous Studies: 2010
Carleton University Masters of Arts in Canadian Studies: 2012 (expected)

We are people of this generation, bred in at least modest comfort, housed in universities, looking uncomfortably into the world we inherit. -- Port Huron Statement



Old 01-16-2010 at 03:17 PM   #3
Greco
Senior Member
Join Date: Jul 2009
Posts: 166

Thanked: 6 Times
Liked: 18 Times




Yea, i'm not gonna write more than I actually paid, but I virtually had no contact information for my landlord.

Just the makeshift receipt that I wrote each month on a receipt pad I bought from Staples.

I can't see the auditing students though, lol.
__________________
Formerly: Vanessa-88
Institute for Applied Health Sciences
Nursing 2010
Old 01-16-2010 at 05:45 PM   #4
AlienSummer
Senior Member
Join Date: Oct 2008
Posts: 234

Thanked: 23 Times
Liked: 55 Times




They definitely audit students! I was audited for my rent, as well as about four other students I know, and the son of one of my mom's friends. It happens, so make sure you have all of your information before you claim it on your taxes.
Old 01-16-2010 at 05:59 PM   #5
Greco
Senior Member
Join Date: Jul 2009
Posts: 166

Thanked: 6 Times
Liked: 18 Times




so then I shouldn't claim my rent if I have no contact info for my landlord?

The numbers disconnected and the rental property isn't rented out anymore, so I have no idea, lol.
__________________
Formerly: Vanessa-88
Institute for Applied Health Sciences
Nursing 2010
Old 01-17-2010 at 08:44 AM   #6
soltintal
Senior Member
Join Date: Aug 2009
Posts: 137

Thanked: 19 Times
Liked: 38 Times




my ex mother-in-law worked for revenue Canada so here's what I remember her saying:

initially nobody cares about your rent receipts (which is why you "got away with" the faked ones as do other people - even people who put the wrong amounts down).

where it DOES matter is if you ever have to do an audit. They can ask for proof of anything and everything you ever claimed as far back as 7 years ago (which is why you should always keep your tax records as complete as possible and not throw them out!) at that point, if it's proven that you cheated (which you didn't, but they'd ask you to produce REAL receipts) uh oh!

the way they usually audit is anything that's blatently obvious, they automatically flag for an audit... but then they also do random samples in the general population so you take your chances.

it's actually your landlord's LEGAL DUTY to provide proper rent receipts - so if there's a way to still contact him, insist that he give you something - even a printout with all of the months and monies paid is sufficient with his name/company name, contact info - and tell him you need it for your tax records.

and yes, you absolutely can claim your rent! if you've really lost contact with him, keep at least the minimal information that he gave you so that IF you get an audit, you can at least give them that much to help them track him down if necessary. and from now on, from future landlords, insist on some sort of receipt or record so you've covered your own behind.

Last edited by soltintal : 01-17-2010 at 08:46 AM.
Old 01-17-2010 at 11:03 AM   #7
Greco
Senior Member
Join Date: Jul 2009
Posts: 166

Thanked: 6 Times
Liked: 18 Times




Quote:
Originally Posted by soltintal View Post
my ex mother-in-law worked for revenue Canada so here's what I remember her saying:

initially nobody cares about your rent receipts (which is why you "got away with" the faked ones as do other people - even people who put the wrong amounts down).

where it DOES matter is if you ever have to do an audit. They can ask for proof of anything and everything you ever claimed as far back as 7 years ago (which is why you should always keep your tax records as complete as possible and not throw them out!) at that point, if it's proven that you cheated (which you didn't, but they'd ask you to produce REAL receipts) uh oh!

the way they usually audit is anything that's blatently obvious, they automatically flag for an audit... but then they also do random samples in the general population so you take your chances.

it's actually your landlord's LEGAL DUTY to provide proper rent receipts - so if there's a way to still contact him, insist that he give you something - even a printout with all of the months and monies paid is sufficient with his name/company name, contact info - and tell him you need it for your tax records.

and yes, you absolutely can claim your rent! if you've really lost contact with him, keep at least the minimal information that he gave you so that IF you get an audit, you can at least give them that much to help them track him down if necessary. and from now on, from future landlords, insist on some sort of receipt or record so you've covered your own behind.
Thank you!

What's the worst case scenario if I would've gotten audited? Just curious. As far as the rent went, I got back about $300 in refunds related to what I paid in rent. Would I just have to pay that back? get a fine? would it effect someones credit score or anything along those lines?
__________________
Formerly: Vanessa-88
Institute for Applied Health Sciences
Nursing 2010
Old 01-17-2010 at 11:27 AM   #8
sniderj
Elite Member
Join Date: Apr 2007
Posts: 422

Thanked: 29 Times
Liked: 177 Times




If the CRA were to audit you, and discover that the receipts your provided were fake, you could be charged with tax evasion, which is considered a criminal offense in Canada. This could lead to heavy fines, or jail time.

You asked for the worst case scenario, so there it is. Keep in mind, though, that there is a good chance you will not get audited. Yes, they do audit students, but of course they can't audit everyone. And even if they did happen to decide to audit you, they would pick a year, and it may not be the year for which you claimed the "questionable" rent deductions.

Going forward, be sure you keep proper records, and get real receipts from your landlords. It's not worth it in the long run to lie (or make it look like you lied by providing false receipts for real expenses) on your tax return.
Old 01-17-2010 at 11:30 AM   #9
soltintal
Senior Member
Join Date: Aug 2009
Posts: 137

Thanked: 19 Times
Liked: 38 Times




sniderj is correct about "worst case scenario" BUT it's much more likely that they will recalculate what they feel were the correct amounts and make you pay any difference with interest. if you have any proof that you lived at the address for the amount of time you claimed - like bills with your name and address on it - hang on to them so that you can at least say "see, i lived at this address from this date to this date" - it's better than nothing.

Last edited by soltintal : 01-17-2010 at 11:33 AM.
Old 01-17-2010 at 11:41 AM   #10
lawleypop
I am Prince Vegeta.
Join Date: Aug 2008
Posts: 4,770

Thanked: 224 Times
Liked: 1,373 Times




Quote:
Originally Posted by Greco View Post
Yea, i'm not gonna write more than I actually paid, but I virtually had no contact information for my landlord.

Just the makeshift receipt that I wrote each month on a receipt pad I bought from Staples.

I can't see the auditing students though, lol.
My brother's been audited twice in the last 2 years.
They definitely audit students. XD
__________________

Mathematically it makes about as much sense as
(pineapple)$$*cucumbe r*.

Old 01-17-2010 at 01:37 PM   #11
Taunton
Elite Member
Join Date: Jul 2009
Posts: 1,592

Thanked: 219 Times
Liked: 598 Times




Quote:
Originally Posted by lawleypop View Post
My brother's been audited twice in the last 2 years.
They definitely audit students. XD
I was audited last year too.
__________________
Ben Taunton
Life Science IV
McMaster University
Old 01-17-2010 at 02:11 PM   #12
Greco
Senior Member
Join Date: Jul 2009
Posts: 166

Thanked: 6 Times
Liked: 18 Times




Ahh I see. I didn't think they'd audit students since our tax claims are likely so little, compared to others with big incomes.

Well, I'm just going to submit the receipts I made. I paid the rent so I want to claim it. If they decide to audit me I guess i'll deal with finding my landlord then. I don't have any mail with my rent address on it, all my mail went to my permanant address.

Can we claim GO bus passes, anyone know?
__________________
Formerly: Vanessa-88
Institute for Applied Health Sciences
Nursing 2010
Old 01-17-2010 at 02:41 PM   #13
lorend
MacInsiders VP
MacInsiders Staff
Join Date: Jul 2007
Posts: 7,615

Thanked: 913 Times
Liked: 507 Times




Quote:
Originally Posted by Greco View Post
Ahh I see. I didn't think they'd audit students since our tax claims are likely so little, compared to others with big incomes.

Well, I'm just going to submit the receipts I made. I paid the rent so I want to claim it. If they decide to audit me I guess i'll deal with finding my landlord then. I don't have any mail with my rent address on it, all my mail went to my permanant address.

Can we claim GO bus passes, anyone know?
monthlies yes. https://www.msumcmaster.ca/servicesa.../GOTransit.htm
__________________
McMaster Combined Honours Cultural Studies & Critical Theory and Anthropology: 2008
McMaster Honours English with a minor in Indigenous Studies: 2010
Carleton University Masters of Arts in Canadian Studies: 2012 (expected)

We are people of this generation, bred in at least modest comfort, housed in universities, looking uncomfortably into the world we inherit. -- Port Huron Statement



Old 01-17-2010 at 08:33 PM   #14
brendanp
Senior Member
Join Date: Jun 2009
Posts: 198

Thanked: 16 Times
Liked: 26 Times




i've heard h and r block is not all that great because they miss money you could have got refunded and make mistakes, you're better off buying some sort of tax software.
Old 01-17-2010 at 08:38 PM   #15
knox
Member
Join Date: Jan 2010
Posts: 77

Thanked: 5 Times
Liked: 15 Times




Anyone know anything about claiming text books? In the Mountain News it said you could get as much as 65$/month.



Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off



McMaster University News and Information, Student-run Community, with topics ranging from Student Life, Advice, News, Events, and General Help.
Notice: The views and opinions expressed in this page are strictly those of the student(s) who authored the content. The contents of this page have not been reviewed or approved by McMaster University or the MSU (McMaster Students Union). Being a student-run community, all articles and discussion posts on MacInsiders are unofficial and it is therefore always recommended that you visit the official McMaster website for the most accurate up-to-date information.

Copyright © MacInsiders.com All Rights Reserved. No content can be re-used or re-published without permission. MacInsiders is a service of Fullerton Media Inc. | Created by Chad
Originally Powered by vBulletin®, Copyright © 2019 MH Sub I, LLC dba vBulletin. All rights reserved. | Privacy | Terms