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Check out our Tax Tips with The Mad Accountant
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!
TTT: Managing Your Taxes in 2023
Did you file your taxes this year? What about last year? How far behind are you? Even if you know you will not be able to pay your bill, you should file your taxes. Yes, you will accrue interest on the amount you owe, but this will happen when you eventually file anyway. And, by filing on time, you save yourself the penalties!