March 1, 2017 – April 30, 2017 at 11:59:59pm (“midnight”)
The festivities of Christmas, New Years Eve and New Years Day are sure to leave a slight holiday hangover. Aren’t you relieved its now Tax Season? Such a relaxing time, indeed.
Ok, so maybe that’s an exaggeration or completely false statement. In truth, most people find tax season frustrating, scary, stressful and experience panic attacks at the mere sound of an unexpected breeze. CityCat can help you with all of these painful side-effects. In fact, CityCat may even be able to help you put some of your hard-earned money back into your jeans.
So – where and how do you get started?
The Easiest Route
1. Call CityCat at 250-592-1313
2. Authorize CityCat at Level 2 on a T1013 (Greek lingo for “Authorization to Represent”)
3. Sign a T183 (more Greek lingo meaning “submit via efile for me”)
4. That’s it. You’re done. No more steps to follow. You can relax and wait 2 weeks before your pockets are potentially filled with mega-bucks. Easy, right? It’s the easiest.
BUT… What if you haven’t filed 2016 yet? Or 2015? Or 2014, 13, 12, 11, 10…. We can help. Give us a shout and we will give you a hand.
“Tax Season” is March 1 – April 30, 2016
The new year brings joy, laughter, resolutions and …taxes
Start a folder for incoming tax slips. These will include slips and forms such as
- T4 – from your employer
- T4A – income from pensions, retiring allowance, annuities or other income
- T5 – from your investment
- T1009 – from social assistance
- T4RSP – RSP withdrawal amounts
The list of slips are seemingly endless and they all come separate and at random times. Don’t lose or accidentally destroy them before you file. Stay organized throughout the year.
*Tip* Keep all of your slips and receipts together in a folder or envelope until you hand them over to your tax professional
Tax season came in with a rush, but didn’t leave without a hiccup. CRA extended the deadline by a few days for an administrative error on their behalf. It was nothing major, and it bought everyone a few more days to get their papers in on time. I would expect this would not happen again anytime soon.
Did you file your tax return?
Don’t beat yourself up – not all cats filed. If there is a balance due, interest starts on the first day after the deadline – usually May 1. If you get a refund, you will get that amount back and nothing more. There is no benefit to you for waiting to file.
So what do you do if you haven’t filed? Should I wait for next year?
DO NOT wait. Get those taxes in and your money back in your paws. It just makes sense.
Contact: firstname.lastname@example.org or call 250-592-1313
Taxes are prepared year-round and can be picked up from most places in Victoria, BC.