Tax Season 2018

March 1, 2018 – April 30, 2018 at 11:59:59pm (“midnight”)

Did you have a good 2017? Are you happy it’s over? Are you excited for tax season? We figured you’d be as thrilled as we are it’s here! Ok, maybe that’s an exaggeration. Maybe just a little.

2018 raged in with bull horns within the first two weeks, but the political environment throughout the World seemed to tone that down a bit. Canada has seen yet another raise in interest rates and seems to be poised to tame the bull. Hopefully that bull won’t morph into a bear anytime soon.

Stock market aside, let’s get to the nitty gritty on those income taxes. Tax season runs from late February to April 30, 2018. It is *always* best to get your taxes filed as close to the beginning as possible.

*sage advice* Don’t leave it to the last minute. It is important to leave a little extra time just in case there are questions for which you need to dig to find answers. It happens. Every year, it happens.

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 2017 yet? 2016? Or 2015? Or 2014, 13, 12, 11, 10…. We can help. Give us a shout and we will get you caught up.

Tax Season 2017

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 2016

“Tax Season” is March 1 – April 30, 2016

The new year brings joy, laughter, resolutions and …taxes

Get Ready.

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
    …and more

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 2015 is over. Did you file?

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:  cityqat@hotmail.com or call 250-592-1313

Taxes are prepared year-round and can be picked up from most places in Victoria, BC.