Tax Season 2020

March 1, 2020 – June 1, 2020 at 11:59:59pm (“midnight”)

2020 is a year like we’ve never seen before. The Coronavirus, covid-19, has disrupted the economy in Canada and throughout the world. People are ordered to stay home and not leave the house. All businesses, except essential services, are closed. But what will this mean for Canada? For you?

A lack of businesses and employment will mean the economy will shrink. The GDP will decrease and interest rates will fall. The stock market may show extreme volatility with lockdowns, shutdowns, and isolations. People will have less money and be forced to purchase fewer luxuries. Don’t worry. Canada will recover with some financial stimulus packages and health.

Canada has begun the stimulus packages already.

Let’s get to the nitty gritty on those income taxes. Tax season runs from late February to September 1, 2019. 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.