The CRA may have granted Canadians an extension on their taxes to May 5th… but many Canadians are still dragging their feet on filing. Just can’t get motivated? Accountant pro Amir Azami shares his top tips for getting around to it… and what you should know about tax credits, software, and more.
The personal tax deadline may not be until April 30, but it pays to assess your year-end tax strategy before December 31. You could be eligible for a number of tax credits – but you’ll need to complete certain transactions in order to receive the benefits.
Many taxpayers hesitate to file their own taxes online, preferring to hand them over to an accountant instead. Today’s tax programs, however, can make filing a breeze, saving you time and potentially money!
Thinking of filing late taxes? It’s a mistake you’ll be paying for – especially if you’re a repeat offender. Read on on to see how late tax penalties are calculated, and how you can avoid them.