Tax Season 2021

March 1, 2021 – April 30, 2021 at 11:59:59pm (“midnight”)

2020 was a year like we’ve never seen before. The Coronavirus, Covid-19, disrupted the economy in Canada and throughout the world. People were ordered to stay home and not leave the house. All businesses, except essential services, were closed. 2021 promises to offer ubiquitous challenges. Canada has moved from the all-encompassing Canadian Economic Response Benefit (CERB) to a more selective approach to aid via Employment Insurance (EI).

There are benefits to the switch to EI. The change allows the self-employed to be enrolled in and pay into an Employment Insurance plan that will offer some financial relief should an insurable event occur. This is a welcome platform during the coronavirus.

Taxes 2021

Let’s get to the nitty gritty on those income taxes. Tax season runs from late February to April, 2021. It is *always* best to get your taxes filed as close to the beginning as possible. This is an extraordinarily elongated tax season for individuals, trusts and corporations. Everybody in Canada is getting some room to breathe – for now.

*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. Sign to 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”)

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 2018 yet? 2017? Or 2016? Or any other year…. We can help. Give us a shout and we will get you caught up.