Xref: utzoo ont.general:1013 can.general:1641 Path: utzoo!utgpu!watmath!watcgl!ksbooth From: ksbooth@watcgl.waterloo.edu (Kelly Booth) Newsgroups: ont.general,can.general Subject: Re: The Taxman Cometh for NSERC Award Recipients Keywords: Taxes, installment, Make the poor pay! Message-ID: <11298@watcgl.waterloo.edu> Date: 28 Aug 89 23:38:53 GMT References: <1989Aug24.111357.26686@jarvis.csri.toronto.edu> <6258@watdcsu.waterloo.edu> Reply-To: ksbooth@watcgl.waterloo.edu (Kelly Booth) Distribution: can Organization: U. of Waterloo, Ontario Lines: 19 Assuming that everyone has agreed the taxes are inevitable, I offer the following two suggestions: 1. If a majority of NSERC award holders prefer to have withholding from their awards, this could be done. The process required to get this done probably starts with your MP and will be long and arduous. 2. At Waterloo, at least in CS, many if not most of the NSERC award holders also serve as TAs at one time or another. TAs have withholding tax taken out. There is a Revenue Canada form that you can file to have more withholding taken out. I think (though I am not a lawyer) that an employer must honour such a request (i.e., the University can't refuse to do this just because it is more paperwork for them). At the extreme, you might have all of your TA income withheld, reducing your eventual tax payment to zero. Obviously the second solution lowers your immediate cash flow. But if the object is to pay taxes in advance without the hassle of filing quarterly payments with Revenue Canada, this could be the easiest solution.