T4’s, T5’s – It’s Tax Time!
Have you started receiving tax info in the mail? Don’t ignore it, the faster you get it done, the faster you will receive any return you are owed.
As the tax slips arrive in the mail, put them all into one envelope. Write a quick checklist of the tax information you expect to receive and cross them off as they arrive. Once you think you’ve got it all it’s time to start completing the government forms.
Will you file them by paper, by phone or on-line? Whatever your preference, don’t hesitate! If you’ve done them on-line in prior years, it can be pretty quick to do the current year if you use the same software provider and much of your information is pre-filled.
Get a jump on 2012:
- Set up a monthly RSP savings transfer – starting now!
- Start an envelope to gather 2012 tax receipts
- Do your taxes using a software that will ‘remember’ 2011 data so it will be quicker in 2012
Posted: February 28th, 2012 under CEO of the House, Money Savvy Tips.
Tags: Financial Planning, Money & Stress, Money Systems