Average tax refund for 2011 is up $70: CRA

IE Staff Related news Canadians plan to use tax refunds to pay down debt: poll Ottawa sitting on $730 million stockpile of uncashed taxes, benefits A tax refund isn’t a ‘windfall’ — it’s a sign of poor tax planning The average refund for the 2011 tax-filing season is more than $1,580-an increase of about $70 per person since last year, the Canada Revenue Agency (CRA) said Friday. Figures released by the CRA illustrate the growing popularity of electronic filing. Among the 25.4 million returns received as of June 14, 16.8 million were filed using electronic services, which is up from 16.1 million at the same time last year. Keywords Tax refundsCompanies Canada Revenue Agency Share this article and your comments with peers on social media Paper filing continues to decrease in popularity. So far this year, 8.6 million paper returns have been filed compared to the 8.8 million that were filed last year. New tax credits this year such as the volunteer firefighters’ tax credit and the children’s arts tax credit helped Canadians reduce their taxes, the CRA noted. Volunteer firefighters were able to claim up to $3,000 on their tax return and parents were able to claim up to $500 for enrolling their children in prescribed programs. Facebook LinkedIn Twitter read more

Why are some people more attached to their phones than others?

first_imgEmail Share LinkedIn Share on Facebook Some people frequently check and re-check their mobile phones. Once this impulse is triggered, it may be more a question of not being able to leave the device alone than actually hoping to gain some reward from it. These insights are drawn from a study by psychologists Henry Wilmer and Jason Chein of Temple University in the US and are published in Springer’s journal Psychonomic Bulletin & Review. Their findings shed light on the reasons why some people are so attached to their smartphones and mobile technology, while others are less so.A better understanding of the impact of smartphone and mobile technology usage is needed to assess the potential problems associated with heavy use. Although these electronic devices are playing an increasingly pervasive role in our daily activities, little research has been done about a possible link between usage behaviour and specific mental processes and traits. Therefore, Wilmer and Chein set out to determine if people who report heavier mobile technology use might also have different tendencies towards delaying gratification than others, or might exhibit individual differences in impulse control and in responding to rewards.Ninety-one undergraduate students completed a battery of questionnaires and cognitive tests. They indicated how much time they spent using their phones for social media purposes, to post public status updates, and to simply check their devices. Each student’s tendency to delay gratification in favour of larger, later rewards (their so-called intertemporal preference) was also assessed. They were given hypothetical choices between a smaller sum of money offered immediately or a larger sum to be received at a later time. Participants also completed tasks that assessed their ability to control their impulses. Finally, participants’ tendencies to pursue rewarding stimuli were also assessed.center_img Pinterest Share on Twitter The results provide evidence that people who constantly check and use their mobile devices throughout the day are less apt to delay gratification.“Mobile technology habits, such as frequent checking, seem to be driven most strongly by uncontrolled impulses and not by the desire to pursue rewards,” says Wilmer, who adds that the findings provide correlational evidence that increased use of portable electronic devices is associated with poor impulse control and a tendency to devalue delayed rewards.“The findings provide important insights regarding the individual difference factors that relate to technology engagement,” adds Chein. “These findings are consistent with the common perception that frequent smartphone use goes hand in hand with impatience and impulsivity.”last_img read more

Three things to know about Leonys Martin, Cleveland’s newest outfielder

first_img Ashley is a former basketball player who covers the Cleveland Cavaliers, Indians and high school sports for NEO Sports Insiders. She also covers the Cavs for SB Nation’s Fear The Sword. Ashley is a 2015 graduate of John Carroll University and previously worked in political journalism. You can follow her on Twitter @AshleyBastock42 Ashley Bastock CLEVELAND– With the MLB trade deadline less 90 minutes away, the deal of the day (so far) for the Cleveland Indians was trading for Tigers center fielder Leonys Martin in exchange for shortstop prospect Willi Castro.So what does this move mean for the Indians as they inch closer to another postseason run? Here are three things to know about their newest addition in the outfield. Pages: 1 2 3 4 Related TopicsClevelandCleveland IndiansDetroit TigersIndiansleonys martinMLBlast_img read more