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Thread: Canada RIT

  1. #1
    Senior Member Daiv's Avatar
    Join Date
    Feb 2005
    Sault Ste. Marie, ON

    Default Canada RIT

    Does anybody know what Canada RIT is? I had money put in my bank account and that's all it says online as to who it is from.

    I have on idea what this means.
    It's not GST because I got that July 5th.

    I don't mind extra money for the government, but I don't want to spend it in case they take it back.
    You leave me no choice, I swish my cape at you. - El Chupacabra

  2. #2
    Senior Member Andre's Avatar
    Join Date
    Oct 2001
    in a van down by the river

    Default Re: Canada RIT

    I believe it's an income tax return.

  3. #3

    Default Re: Canada RIT

    Yes,,,RIT stands for Refund of Income Tax, it's a direct deposit from CRA. It could be your tax refund, or a GST credit.

  4. #4
    Guru Power Poster
    Join Date
    Jul 2006
    North of SSM

    Default Re: Canada RIT

    I have had that before in my bank account direct deposit, and its Refund of Income Tax.
    Life is an adventure that never ends...

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