Your Personal Taxes are comprised of income and deduction. It is very important for you to complete your personal tax returns every year or valuable tax credits will likely go unclaimed.
Tax credits such as:
As well as any new tax credits that may come out in budgets throughout the year, these may be wasted simply because the average person is unaware of them. (Example: When we had the Ralph Klein Bucks, you were required to file by a certain date to be eligible for them. This was the case with the energy rebate as well).
Not only could you be missing out on additional money, you may be costing yourself interest and late filing charges. CRA will backdate charges to year or years you have not filed and all amounts owing are compounded monthly.
We can file up to 10 years prior taxes
If you are married or common-law, it is also important that each partner files their taxes or all credits will stop. You may even be asked to pay back tax credits that you have received, and this can become costly for you.
There are many types of income and deductions that the average tax payer may not realize they should be claiming. Let our experience work for you. We can help maximize your deductions, and find you extra money that you would otherwise be missing out on.
No need to have receipts sorted or added, that is part of our service to you!