As the annual income tax season looms, it’s essential to approach the process with foresight and preparation. Whether you’re eagerly anticipating a refund or resigned to the prospect of payment, ensuring a smooth experience hinges on meticulous organization and attention to detail. By gathering all necessary documents, such as T-4s and tax statements, and thoughtfully…
Category: Taxes
How I simplify my charitable donations and get a bigger tax return
Charitable donations are just that: it is a way for people to donate from their money to help those in need. That is how it should be treated and not a way to get a tax advantage. However, and having said that, the government does make it possible to get a tax credit in exchange…
Your Budget should have room for Donations
When creating our first budget, we have to realize that it is not the final version, and you will have to change and revise it as you go along. There are a lot of things that you may not remember to include right away, and will only be brought to your attention later on. One…
Tax Season is here, are you ready?
You know tax filing season starts in mid February, yet you are often not prepared when it is here. As if you have never done this before. Being ready and prepared for income tax filing season could make the difference between getting a large return, or getting nothing (and even paying back to the government)…