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Check out our Tax Tips with The Mad Accountant
TTT: Protect Yourself From Mortgage Changes!
Interest rates are high and they just keep getting higher. There are rumours that it might start to decrease in a couple of years, but most peoples' mortgages are going to renew before that! Be prepared. Start working now to make sure you have the room in your budget for an extra few hundred dollars a month.
TTT: Keep Good Records, Save a Headache!
We work hard to save people as much money as possible on their taxes. But you know what makes that impossible? People who have so little information about themselves that we cannot even access their CRA account. Don't make things harder for yourself than you need to! Keep your files and papers straight and tax season will be smooth sailing.
TTT: CERB, CEBA, and Interac e-Transfers
Did you take CERB that you might not have been entitled to? How about a CEBA loan? Both of these things are coming due, and the CRA is not going to play around. Make sure you open your mail when you receive it and make arrangements to pay!