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Monday, March 2, 2020

Mandatory Monday - Time to get organized

There are only 59 days left before the 2019 Income Tax deadline.  For some it is easy because they just hand everything to their account and it's done.  Others will use tax companies that sometimes gives you the refund ahead if you are receiving some credits.  And then there are those like me who has done it since the beginning of time.  Except when we returned to Canada a few years ago.  We were lucky because our next door neighbors were accountants.  For the first two years they did the taxes for us.  This year my hubby decided to do ours.  Not only does he has to do Canadian Taxes, he also needs to do a US one.  Don't get me wrong, I am grateful that he is taking the time and making sure that each line, each number, each form is completed meticulously.  My only concern is that we have two different deadlines. April 15 and April 30.  Of course when you do it yourself, sometimes you might miss a section or the calculation is off.  But for some reason, the government agency responsible always makes sure your taxes are correct and if it is incorrect, it will reflect in your assessment.  For most of the time that I have done my taxes, the amount owing or credit is only a few dollars different.  But some of the years, I am just dead on to the last cent.  What is the point of today's post?  Start prepping your papers and complete the forms sooner than later.  Once it is submitted who cares when you get the refund or assessment.  You know that you have complied with the law and regulations of being a citizen of Canada.

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