Tips For Your Tax Season

Would you change your standard of living?

Easy ways to make tax season less painful

March 1, 2013

March is upon us – and that means the taxman comes a’knocking! It’s time to get organized and bite the bullet – after all, the sooner your taxes are filed, the sooner you can expect that lovely return!

Even if your income and claim requirements are complex, there’s no need to bemoan tax season. We’ve put together a comprehensive guide that covers everything from filling out your first tax form to choosing your best software. Ready, set… file!

Tips For The First Time Tax Payer

You’ve scored that first big job and pay cheque – and now it’s time to take your place as a Canadian taxpayer. We know taxes can seem overwhelming, especially if it’s your first time filing – but fear not!

Read on for a step-by-step guide to doing your taxes that’ll have you filing like a pro.

Read Allan’s Blog | Tips for the First Time Taxpayer

6 Reviews: The Best DIY Tax Software

What could be better than paying your taxes with the click of a button? These days, there’s a myriad of software and apps that take the pain out of filing for a return.Whether your taxes are straightforward or complex, or even if you’re filing for others, there’s an option available for you. Read on for our top 6 picks.
Read Diane’s Blog | 6 Reviews: The Best DIY Tax Software

Top Tax Credits You May Not Be Claiming

Looking to score a larger tax return this year? You may be entitled to one – if you qualify for one of Canada’s many tax credits. The trouble is, many of these rebates and credits fly under the radar of taxpayers.Check out our list of the top tax credits and see if you’re set for a windfall return.
Read Melanie’s Blog | Top Tax Credits You May Not Be Claiming
And in this week’s finance headlines…

Mark Carney: Banks Must Rebuild Consumer Trust

In his recent speech, Mark Carney pointed to the challenges facing the recovering global economy – namely a growing distrust in banks. He states that banks should focus on winning back the trust of consumers, as the effects of the 2008 recession and bad banker behaviour leave their mark.Read Rubina’s Blog | Banks Must Rebuild Consumer Trust

CPP Expansion: Will It Reform Your Retirement?

Would Canadian retirement woes be corrected by reforms made to the CPP? As new survey numbers show the average Canadian can expect a 30 per cent drop in their income standards, new measures may be needed more than ever.

Read Sean’s Blog | CPP Expansion: Will It Reform Your Retirement

Heads Up Home Buyers: Affordability On The Rise

On the house hunt? Good news – buyers’ market conditions may be on the way as home prices continue to soften across the country.

Read Andrew’s Blog | Heads Up Home Buyers

Try Not To Raid Your RRSPs

Thinking of pulling money out of your RRSPs prematurely? It could cost you a lot more than you think – both in the short term, and to your retirement plan.

Read Gordon’s Blog | Try Not to Raid Your RRSPs

RRSP GICs: A Short Term Savings Boost

Looking for an effective way to grow your money for retirement? RRSP GICs offer an effective way to earn interest, risk free – and tax free.

Read Sean’s Blog | RRSP GICs: A Short Term Savings Boost

Why It’s Tough To Commit To Savings

Are you struggling to stick with a savings plan? A PC poll finds Canadians are finding it a challenge to commit to long term savings goals in the face of debt and budgeting woes.

Read Andrew’s Blog | Why It’s Tough to Commit to Savings

Are You An RRSP Procrastinator?

Have you waited until the last minute to make your RRSP contribution? You’re not alone – a TD poll finds 60% of Canadians procrastinate on their contribution, waiting until the last two weeks and rushing to make their limits.

Read Sean`s Blog | Are You An RRSP Procrastinator

You Answered!

This week's poll

WIN by answering our poll!

This week, we asked Canadians:

Will you have your taxes filed by a pro this year?

39% prefer the do-it-yourself approach, saying they always do their own taxes, without the aid of a pro or software tools.

22%  say they’ll reach out for some help this year, due to complicated income or claim factors.

21%  say they use an at-home tax filing software to get the job done.

18% say they always use the services of an accountant or tax  agency to file error-free.

Want in on this week’s winning action? Head on over to answer our poll:

What travel reward credit card features are most important to you?

That’s it for this week! As always, we love to hear from our readers! Shoot us a comment below, or visit us on Facebook and Twitter!

– Penelope

EDITOR, MONEY WISE

Related Topics

Personal Finance / Personal Finance News

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