The upcoming tax season can be a stressful time for many people, but there are a few tips that can help make the process easier. And, if you are looking for a personal or business tax accountant near Barrie, contact Karen Johnson CPA today!
Tips For This Upcoming Tax Season
Know Your Tax Filing Deadlines
Canadians must file their tax return by April 30th of each year. If you miss the deadline, you may be subject to interest or penalties. Make sure to mark this date on your calendar and plan ahead to avoid any late filing fees.
Before filing your taxes, make sure you have all the necessary documents, such as T4 slips, receipts, and other income statements. Having all the necessary documents in one place will help make filing your taxes a breeze.
Leverage Tax Credits
Take advantage of the various tax credits available to Canadians. There are a number of credits available such as the Canada Child Benefit, the GST/HST credit, and the pension income splitting credit. Make sure to research and explore the credits that could lower your taxes.
Hire a Professional Tax Accountant
With the constant changes in tax laws, it's best to hire a professional tax accountant for both your personal and business income taxes. You want to maximize your deductions and thereby pay the minimum amount of taxes. Call our Barrie tax accountants today.
CALL OUR BARRIE TAX ACCOUNTANTS TODAY
Karen Johnson CPA can help make your taxes easy. With more than 20 years of experience, our seasoned personal and small business tax accountants can ensure you get the maximum deductions and that every t will be crossed and i dotted for your tax returns, saving you headaches and hassle. Call us today!