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#317314 - 05/19/08 08:21 PM
financial agreement with Dad?
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albeitmyself
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Registered: 05/24/03
Posts: 1146
Loc: British Columbia, Canada
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Well, it's a long story but in Canada you can give your parent a tax credit from your university tuition even if they didn't pay for your tuition. My father and I came to an agreement that I would only give him this tax credit if I would in turn receive a portion of the tax return he never would have had without it. We shook on this in front of our mutual accountant. I wanted it in writing but they laughed at me. Well, I need this money to pay for a summer course whose tuition is due on May 31st, but my dad recently informed me that he didn't get his tax return because various government departments took back bits and pieces of the money for unpaid medical premiums, etc. Now, I feel that my dad has let me down, but he says the agreement was only for when he received his tax return cheque. I totally disagree and in my opinion he did get his tax return but already spent it (albeit against his will). The thing is, the accountant can see when the government is going to take back money from your tax return, so why didn't he inform us? Or did both my dad and the accountant know and fail to inform me?
Regardless, I feel betrayed because not only is my father not giving me the portion of his tax return that was agreed upon, but he has said he will make no effort to help get some money to pay for my course. I need this course to graduate on time.
I have two questions, A) for anyone familiar with Canadian law (unsupervised?) is there anything that I can do to help my situation legally without a big mess?
B) how can I earn money under the table. I need 500 bucks by the end of the month, and my job will only provide at maximum half of that. There is a very complicated limitation to do with my educational funding that says I can't earn more than 500 bucks a month or they will start deducting off of my funding. I thought of babysitting but I don't know anyone because this isn't my home town.
Lastly, you're not allowed to pay tuition by credit card but I could move other expenses onto the credit card and carry that debt in order to pay my tuition but I have no feasible way to pay that off til September because all my income is needed for daily living. I feel very hurt that my dad is just basically saying screw you to me, and I wish I'd never depended on him. I haven't done that for years. Please respond even if you don't have a solution...I just feel so hopeless.
PS: My dad has never paid one red cent toward my tuition and he's gotten this tax credit without anything in it for me for the last few years, and this has saved him thousands of dollars. He barely even says thank-you...and I could have saved those tax credits for 10 years for myself, too!
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Language and thought are simultaneous, each gives rise to the other.
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#317316 - 05/19/08 09:20 PM
Re: financial agreement with Dad?
[Re: albeitmyself]
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Ineligible
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Registered: 08/09/01
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"I wanted it in writing but they laughed at me."
That is ALWAYS a sign of crookedness. If someone won't put something in writing, they are a crook. Stop using your dad's accountant - he's working for your dad and not for you.
Can you get legal advice through your university? It may well be that you can argue that the tax credits were taken as a result of fraud, and they should be withdrawn. That will give you leverage.
I'm sure you can get financial advice at university, and you should seek it. University financial advisors sometimes have power to delay fees. They could also advise you about the cheapest loans.
You may have something you could sell.
Tutoring is possible, but it's unlikely that you can organise much work that would pay before the end of the month.
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#317318 - 05/19/08 09:36 PM
Re: financial agreement with Dad?
[Re: Ineligible]
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albeitmyself
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Registered: 05/24/03
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Loc: British Columbia, Canada
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Thank you so much for responding.
Next year I won't be using the same accountant, or if I do, I certainly won't be giving my dad my tax credit or having anything to do with my dad's finances. He did "good" with my taxes, I can tell.
I don't know how to get legal advice through my university on anything but academic matters. There is no financial adviser available, I mean, there are student loan advisers but they can't really tell me anything but to apply. I mean, yes, theoretically I could apply for a student loan but it's too late for the money to arrive by the deadline anyways, and it seems silly to get a loan for 500 bucks. Especially considering I hate debt and worked very hard to pay over a thousand dollars of this summer tuition by myself. I have been going to school non-stop for so long, I really wanted to have a summer vacation this year, and I can just see those dreams going up in smoke. *sad*
One of the reasons I don't want to get a loan is that I've seen my dad's finances fall through the toilet because of his poor decision making when depressed or manic. (He's bipolar too). I just really am afraid of all the paperwork and stuff, and was trying so hard to do this on my own.
Hmm, I don't have anything to sell that I don't need more than this bit of debt I will incur from the course. Like, I have a rather old but good stereo (year 2000) but I probably couldn't sell it by the deadline anyway, and I rather enjoy having it. I might be able to scrape up a few babysitting jobs by dint of advertising at the local grocery store etc. I just need to get over my fear of self-promotion.
Anyways, I will probably get through this crisis by living extremely frugally and cutting my grocery budget since there's nothing else left to cut. I just majorly resent my dad for doing this to me.
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Language and thought are simultaneous, each gives rise to the other.
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#317323 - 05/19/08 09:59 PM
Re: financial agreement with Dad?
[Re: albeitmyself]
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Ineligible
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Try the ordinary advisors. Financial problems are very common among university students, and any decent university will have advice expertise.
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#317340 - 05/19/08 11:28 PM
Re: financial agreement with Dad?
[Re: Ineligible]
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albeitmyself
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Registered: 05/24/03
Posts: 1146
Loc: British Columbia, Canada
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I phoned my mom in Toronto instead. She was really patient and wonderful and having talked to her I feel so much better, I feel like I can actually conquer this situation. My mom's just got her degree in accounting, so it fits.
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Language and thought are simultaneous, each gives rise to the other.
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#317381 - 05/20/08 12:28 PM
Re: financial agreement with Dad?
[Re: DxLISHxISx_43]
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albeitmyself
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Registered: 05/24/03
Posts: 1146
Loc: British Columbia, Canada
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My mom actually just graduated and has $45, 000 worth of student debt and no money as of yet. She did get a good job in the government and has promised to help as soon as she gets paid, but that won't be til the end of June.
If worst came to worst, the only person who actually has money and would lend it to me is my boyfriend, but I despise the idea of borrowing money from him because I want us to be equals and independent etc (I know, not always practical, etc). Oddly enough, my entire family is terrible at finances, except for me and my mom, because although we're poor we have no consumer debt, and are quite responsible.
I could strip for my boyfriend. LOL. He does enjoy tucking money in my bra and stuff.
Thanks Lisa, for caring.
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