Tax Season has arrived!
Filed Under Tax · Tagged: accountant, calgary, CRA, Personal Income Tax Return, T slip, Tax Return, Tax Season
Tax Season has officially begun. It is always daunting this time of year when you have to collect and organize your t-slips, receipts and what nots. Here are a few tips that will help you get through the tax season in one sane piece.
1. April 30th is the deadline to file your personal income tax return so prepare all the required paperwork well ahead of this due date. Remember that the CRA charges interests and penalties for late returns.
2. Look at the several ways you can file your tax returns and choose wisely. Consider the cost, time and the risk factors when choosing. You can either go through an accountant, online, manual filing, etc. Check out this link to learn more — www.kustomdesign.wordpress.com.
3. Be aware of important dates related to your tax returns — when you should expect your T4, T3’s, etc.
4. Make sure you are familiar with the tax credits and deductions that apply to you. You can go directly to the CRA website or consult a tax specialist to help you out.
