Where is the best place to cash your 2008 tax refund cheque??

[JillA 2]

I have always had direct deposit for my tax refunds. Will they continue to do this for the year after I leave Canada? I will be keeping an account open in Canada at the credit union for my EI payments, and will use Custom House to transfer the funds to the US credit union.

Thanks,

Janet

Yup they still do direct deposit, it's so easy. My EI goes direct in my Cnd bank, I transfer via custom house. I also set up my tax refund to be direct deposit too.

[carslo 0]

great, that is what I thought but wanted to hear that someone else was having tax refunds deposited that way. I will things to go as easily as possible/

Janet

[Hugglebuggles 60]

before I moved here I added my mom to my bank account.. so she has her own card for my account... she likes it because she can deposit money in there for me... and I just take it out here using my card.... when I use my Canadian ATM card at a Wells Fargo ATM they even give me my balance on my Canadian account...

That's exactly what I did! I had an appointment at the bank yesterday and I had my dad added to my account so he can do all my banking for me and transfer money into my account if I ever need it. I hadn't heard of anyone doing it this way so I was wondering if there was a catch... But If it works for you it'll probably work for me!

A point to consider. The lady at the bank told me that if I wanted to have my address changed to a US one I would be charged taxes on the interest I make in my savings account. Anyone else encounter this? Its not like I make a lot of interest at all, I just found it a little weird... So I left my address as my Canadian one my parents live at.

I tried to do direct deposit for my tax return and It didn't work! I sent them the form twice and they never listened to it. Maybe I'm just doing something wrong...

[JillA 2]

before I moved here I added my mom to my bank account.. so she has her own card for my account... she likes it because she can deposit money in there for me... and I just take it out here using my card.... when I use my Canadian ATM card at a Wells Fargo ATM they even give me my balance on my Canadian account...

That's exactly what I did! I had an appointment at the bank yesterday and I had my dad added to my account so he can do all my banking for me and transfer money into my account if I ever need it. I hadn't heard of anyone doing it this way so I was wondering if there was a catch... But If it works for you it'll probably work for me!

A point to consider. The lady at the bank told me that if I wanted to have my address changed to a US one I would be charged taxes on the interest I make in my savings account. Anyone else encounter this? Its not like I make a lot of interest at all, I just found it a little weird... So I left my address as my Canadian one my parents live at.

I tried to do direct deposit for my tax return and It didn't work! I sent them the form twice and they never listened to it. Maybe I'm just doing something wrong...

I changed my address at RBC, never heard that before....

[jhunjhun 7]

I received my tax refund check last 2 weeks and I went to chase bank to get it deposited to my bank account. It only took 2 days...very quick!

[Texanadian 10]

I had direct deposit in Canada for EI. But couldn't set up a Cdn bank account for CRA direct deposit. CRA had my US address for sending me stuff. So when I got my Canada tax return it said Texanadian, 123 Main St, Houston TX......I don't think it would work to deposit that in a Canadian bank. My Canadian bank has my Canada address.

I simply deposited it at Chase and they took a small amount extra on the exchange rate. Maybe 1.-1.5% more than Customhouse would have.

[Udella&Wiz 325]

If CRA has your bank account on file from last year's taxes, it shouldn't be a problem....or for Ei either.

Most of us have found that US banks (especially little local branches) just aren't prepared to exchange foreign funds - you'd think that's kind of their job, but apparently not. I live near DC where you'd really think they'd be used to it, but nope.

I used to complain alot about it - thinking it was the narrow minded American attitude, but no matter what it is - that's what they do so.

We got used to Cdn banks having about 40 currencies on hand at any time when you needed to exchange We're not in Toronto anymore Toto!

[Marilyn. 340]

before I moved here I added my mom to my bank account.. so she has her own card for my account... she likes it because she can deposit money in there for me... and I just take it out here using my card.... when I use my Canadian ATM card at a Wells Fargo ATM they even give me my balance on my Canadian account...

That's exactly what I did! I had an appointment at the bank yesterday and I had my dad added to my account so he can do all my banking for me and transfer money into my account if I ever need it. I hadn't heard of anyone doing it this way so I was wondering if there was a catch... But If it works for you it'll probably work for me!

A point to consider. The lady at the bank told me that if I wanted to have my address changed to a US one I would be charged taxes on the interest I make in my savings account. Anyone else encounter this? Its not like I make a lot of interest at all, I just found it a little weird... So I left my address as my Canadian one my parents live at.

I tried to do direct deposit for my tax return and It didn't work! I sent them the form twice and they never listened to it. Maybe I'm just doing something wrong...

yeah no catch that I know of.... I just left my address as my parents one too...

[trailmix 77]

I tried to do direct deposit for my tax return and It didn't work! I sent them the form twice and they never listened to it. Maybe I'm just doing something wrong...

Best thing to do - set up an epass account at Canada Revenue Agency, you can view the status of your return, change your address, even amend your return - and of course, change your direct deposit information.

http://www.cra-arc.gc.ca/esrvc-srvce/tx/nd...t/menu-eng.html

Edited June 3, 2009 by trailmix

[Udella&Wiz 325]

I tried to do direct deposit for my tax return and It didn't work! I sent them the form twice and they never listened to it. Maybe I'm just doing something wrong...

Best thing to do - set up an epass account at Canada Revenue Agency, you can view the status of your return, change your address, even amend your return - and of course, change your direct deposit information.

http://www.cra-arc.gc.ca/esrvc-srvce/tx/nd...t/menu-eng.html

Isn't that only if you still have a Cdn address that they can mail some kind of confirmation too? I thought I couldn't set an account up for that reason a while back...hopefully not misleading anyone

[Texanadian 10]

I tried to do direct deposit for my tax return and It didn't work! I sent them the form twice and they never listened to it. Maybe I'm just doing something wrong...

Best thing to do - set up an epass account at Canada Revenue Agency, you can view the status of your return, change your address, even amend your return - and of course, change your direct deposit information.

http://www.cra-arc.gc.ca/esrvc-srvce/tx/nd...t/menu-eng.html

That's what I tried to do. But Epass wouldn't let me change to direct deposit.

[trailmix 77]

I tried to do direct deposit for my tax return and It didn't work! I sent them the form twice and they never listened to it. Maybe I'm just doing something wrong...

Best thing to do - set up an epass account at Canada Revenue Agency, you can view the status of your return, change your address, even amend your return - and of course, change your direct deposit information.

http://www.cra-arc.gc.ca/esrvc-srvce/tx/nd...t/menu-eng.html

Isn't that only if you still have a Cdn address that they can mail some kind of confirmation too? I thought I couldn't set an account up for that reason a while back...hopefully not misleading anyone

My Account for individuals / My Business Account

You will need to provide the following personal information to authenticate yourself with the CRA:

Your social insurance number;

Your date of birth;

The amount you calculated and reported at line 150 (Total Income) of your 2007 or 2008 filed and processed income tax return; and

Your current postal code or zip code (Canada and United States addresses only).

3. What do you mean by current postal code or zip code?

As part of your personal authentication information, you will need to enter the postal code or zip code of your current mailing address. If you live outside Canada or the U.S., the postal code or zip code is not required. When entering the postal code or zip code, do not use spaces or hyphens.

Step 1 - Authenticate with the CRA

Step 2 - Register for an epass

Step 3 - Receive and enter the CRA Security Code

The CRA will mail you a CRA Security Code within approximately five business days (15 days if outside Canada or the U.S.). The CRA Security Code will be sent to your mailing address currently on record with the CRA. Have you moved recently?

Arrange my direct deposit Arrange my direct deposit lets you view your direct deposit information, as well as start, update, or stop direct deposit arrangements with the Canada Revenue Agency (CRA).

View your direct deposit information

Start direct deposit

Update direct deposit

Stop direct deposit

All of this info is available from links on the site I linked to above

Sample direct deposit page:

[Hugglebuggles 60]

Wow thanks Trailmix! I'll do that.

[SapphireDreams 71]

before I moved here I added my mom to my bank account.. so she has her own card for my account... she likes it because she can deposit money in there for me... and I just take it out here using my card.... when I use my Canadian ATM card at a Wells Fargo ATM they even give me my balance on my Canadian account...

That's exactly what I did! I had an appointment at the bank yesterday and I had my dad added to my account so he can do all my banking for me and transfer money into my account if I ever need it. I hadn't heard of anyone doing it this way so I was wondering if there was a catch... But If it works for you it'll probably work for me!

A point to consider. The lady at the bank told me that if I wanted to have my address changed to a US one I would be charged taxes on the interest I make in my savings account. Anyone else encounter this? Its not like I make a lot of interest at all, I just found it a little weird... So I left my address as my Canadian one my parents live at.

I tried to do direct deposit for my tax return and It didn't work! I sent them the form twice and they never listened to it. Maybe I'm just doing something wrong...

I changed my address at RBC, never heard that before....

Yes this is true. When you are a US resident, your file gets flagged as "Non-Resident" to Canada and you pay tax on interest. But, I don't think it's anything to worry or care about. I mean, my severely low interest I get anyways is like pennies, so I could care less, but I guess if you earn a lot of interest in Canada, then you could be affected. It's basically the same tax you would pay on Rrsps and CPP payments...

Part XIII tax

Part XIII tax is deducted from the types of income listed below. To make sure the correct amount is deducted, it's important to tell Canadian payers:

* that you're a non-resident of Canada for tax purposes;

* your country of residence.

The most common types of Canadian income subject to Part XIII tax:

* interest and dividends;

* rental and royalty payments;

* pension payments;

* Old Age Security (OAS) pension;

* Canada Pension Plan (CPP) and Quebec Pension Plan (QPP) benefits;

* retiring allowances;

* registered retirement savings plan (RRSP) payments;

* registered retirement income fund (RRIF) payments;

* annuity payments;

* management fees.

Source: http://www.tctca.ca/non-resident_tax_reporting.html